A Bitcoin Layer 2 project called Bitcoin Virtual Machine (BVM) is preparing to launch a groundbreaking platform named Truly Open AI, which allows users to embed artificial intelligence models into the Bitcoin Blockchain for use in crypto applications. The artificial intelligence model’s storage model was developed in a joint effort involving Filecoin, Near, Avail, Polygon, and Syscoin.
Artificial Intelligence Comes to the Bitcoin Blockchain
Lead developer punk3700 has drawn the crypto world’s attention by announcing that Truly Open AI will revolutionize the integration of artificial intelligence with blockchain technology, enabling users to directly place AI models into the Bitcoin Blockchain for various crypto applications. This development marks a significant departure from traditional applications and has the potential to reshape the use of decentralized artificial intelligence.
Truly Open AI users will have the opportunity to create, deploy, and earn from their artificial intelligence models by leveraging the decentralized infrastructure of the blockchain for storage and execution. Through this platform, users can generate income by offering their AI models for use on a per-call basis or by selling the entire models.
The storage infrastructure for Truly Open AI will be provided by industry-leading platforms such as Filecoin, Near, Avail, Polygon, and Syscoin. This collaboration will ensure robust storage capabilities necessary to maintain the integrity and accessibility of AI models on the blockchain.
As artificial intelligence altcoins emerge as a significant narrative in the crypto world, the technology is poised to drive transformative innovations across various sectors of the global economy. The integration of artificial intelligence with blockchain technology holds great potential for new pathways in decentralized applications and services.
Despite the promising prospects of artificial intelligence in the world of cryptocurrency, there are some doubts among market experts about the feasibility of running AI on a blockchain. Nevertheless, projects like Bitcoin Virtual Machine’s Truly Open AI aim to challenge these doubts and demonstrate the viability of decentralized AI deployment.
Despite Positive News, BVM’s Price Declines
Despite the exciting development, the native asset of Bitcoin Virtual Machine, BVM, is priced above 2 dollars. The altcoin has been affected by the general downward trend in the market, experiencing a 15.80% drop in the last 24 hours, trading at 2.13 dollars.
Despite short-term volatility, the launch of Truly Open AI is considered a significant turning point in bringing artificial intelligence and blockchain technology closer together, which is expected to have a positive impact on BVM’s price.
