Blockchain also hops on the AI bandwagon, Solana releases ChatGPT open-source plugin for integrating AI capabilities

The Solana Foundation has released an open-source ChatGPT plugin that integrates AI with the Solana blockchain.

Understanding Solana Operations with AI

The Solana Foundation announced on Tuesday that it has created an open-source reference implementation that allows users to interact with the Solana network using a plugin that can be downloaded on GitHub, enabling ChatGPT to interact with Solana network.

The Solana Foundation stated in its announcement:

The ChatGPT plugin integrated with Solana is the first plugin for a Layer 1 blockchain, enabling AI to help users understand Solana data and protocols, making Solana's computational infrastructure and DeFi projects' data easier to grasp. Users can also use the plugin to buy NFTs, transfer tokens, check transactions, interpret public account data, and search for NFT collections at floor prices.

Co-founder of Solana, Anatoly Yakovenko, said:

AI will make the Solana blockchain easier to use and understand. Developers of every application that interacts with consumers should consider how to interact with their applications through AI models.

According to an example provided by The Block, when you ask the AI how to transfer 0.001 SOL to a specified wallet address, it will remind you that you need to have enough funds in your Solana wallet to cover the transfer amount and related fees, and then approve the transaction using the link provided by the wallet to easily complete the transfer.

SOL Sees Steady Growth This Year with Increasing Users

Solana's native SOL token experienced a significant drop last year due to the collapse of the FTX cryptocurrency exchange, showing signs of recovery this year with a price of around $20.02 at the time of writing, marking a 101% increase year-to-date.

As high fees on Ethereum and Bitcoin drive some users to seek alternative solutions, Solana has seen a surge in new addresses in May, reaching 5.48 million, according to data from The Block.

Additionally, the Solana Foundation announced an increased focus on AI with its strategic funding program, raising the original $1 million to $10 million. The foundation has received 50 applications so far and will continue to accept new project proposals.