Near Crosschain AI assistant will soon book you flights and order the departure
Near Protocol has demonstrated a new crosschain AI agent in alpha that can launch memecoins in seconds and search the web to buy products for fiat.
An additional feature coming soon is expected to allow users to book flights or order takeout on Web 2's website.
NEAR.AI co-founder Ilya Polsukin launched the updated conference in Bangkok on October 10 local time, where the protocol also announced ambitious plans to build the world's largest open-source AI model.
Polusukin demonstrated the AI assistant's capabilities by using it to spin the backstory, website, and logo for a new frog memecoin, and immediately launched it on a nearby version of Pamp.fun.
Speaking next to co-founder Ilya Polsukin at Redacted in Bangkok. Source: Cointelegraph
To simplify the process of selecting and purchasing merchandise t-shirts through a third party, the assistant can search the web for a custom t-shirt printer and create a mockup website interface on the fly.
Poluskin, one of the developers of Transformer Research, which led to ChatGPT, told Cointelegraph that while it's not in alpha yet to use the assistant to book flights, “we have an example of that, but it's not released yet.”
But this is an open forum. Anyone can now go and add more agents, such as booking flights, and start working efficiently within the Everyone Assistant.
“So part of our launch is about showing what's possible and then getting people to build a lot of different combinations to get going.”
Near Intents
What sets Proximity AI Assistant apart from current AI agents is the off-chain technology that allows users to easily exchange any asset for another by signing a transaction.
Called Near and available in beta with trading restrictions, it currently enables native asset exchange between Bitcoin, Ethereum, Arbitrum, Base and Near Protocol (NEAR).
But it has the ability to connect any chain using any wallet and provides exchange for fiat through a market maker, which opens up Web2 trading for the agent.
Aurora Labs founder Alex Shevchenko told Cointelegraph that Solana and Telegram Open Network will be added before the end of the year, followed by Dogecoin (DOGE), BNB (BNB), Bitcoin Cash (BCH), XRP (XRP) and TRON (TRON). Intents bring blockchains without smart contracts to the world of DeFi.
Alex Shevchenko, founder, speaking at Aurora Labs Redacted in Bangkok. Source: Cointelegraph
Unlike other crosschain protocols, Intense does not use atomic swaps or intermediate assets like THORChain (RUNE) on THORChain.
Shevchenko demonstrated the technology on stage by switching his Metamask wallet between Tether (USDT) and USD Coin (USDC). The transaction was settled nearby but he was able to withdraw to a Bitcoin wallet immediately.
AI agents are talking to AI agents.
While the immediate use case is replacing native tokens, Shevchenko the Intents protocol was designed to coordinate AI agents to communicate and share tasks.
“What an AI agent can understand is, ‘Okay, I don't know how to open a Revolut account for you, but maybe there's an agent that can do that?' So they need to know how to generate ideas. So an AI agent is speaking [to another AI agent]'Okay, for this price, I'd like you to open a bank account for my beneficiary.'
A presentation slide shows proposed roadmaps for upcoming ideas. Source: Cointelegraph
The AI agents make deals, including resolving disputes, and then pay in the desired currency.
Related: It plans to build the world's largest 1.4T parameter open source AI model
At the back end, market makers confirm the trades. This allows them to access liquidity on centralized platforms like Binance. Current market makers include the peanut trade, with the G20 coming soon.
But the technology is open source and buildable, can be included in any wallet, and can be used by any market maker.
“This is an interface reference implementation. All developers building their own interfaces can take it and include it,” he said.
Later in Redacted, Kendall Cole from Proximity Labs said that chain aggregation enables new use cases for Bitcoin in DeFi. He connected his Bitcoin wallet to a fork of the Burrough lending platform and was able to borrow against Bitcoin collateral. Ultimately, he said, consumers can borrow against their overall wealth portfolio.
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