Connect with us

Hi, what are you looking for?

Ai
Ai

AI

EigenLayer and Cartesi work together to create DeFi apps driven by AI

Through a hackathon event aiming at creating innovative distributed apps, EigenLayer and Cartesi have teamed up to encourage invention in blockchain and artificial intelligence. Combining their technologies will help them make scalable blockchain solutions driven by artificial intelligence more accessible to general consumers and hasten the acceptance of distributed finance (DeFi).

Leading Ethereum restaking tool EigenLayer has teamed with modular blockchain platform Cartesi to investigate the possibilities of artificial intelligence and blockchain technologies via an interesting new project. The main focus of the cooperation is a hackathon scheduled for February 10 to February 18, when the core developers of both firms will cooperate to prototype distributed innovative apps (DApps). This event aims to expose creative use cases combining blockchain with artificial intelligence to increase the Web3 ecosystem’s expansion and propel more general acceptance.

Both organizations are more user-friendly and flexible to fit real-world needs since they concentrate on streamlining the development process for distributed applications. Cartesi offers a unique platform that blends conventional programming languages like Linux into blockchain environments, making it simpler for developers to create sophisticated DApps. EigenLayer’s restaking protocol helps users maximize the utility of their staked assets.

The hackathon will give developers a chance to try out new ways to use AI in decentralized finance (DeFi). Some of the use cases that could be considered are advanced smart contracts, distributed prediction markets, and consumer-focused solutions. By using the capabilities of both systems, the cooperation hopes to let developers create distributed applications providing both security and efficiency.

Simplifying user experiences and reducing entrance barriers remain vital as blockchain acceptance rises. By working together, EigenLayer and Cartesi aim to simplify blockchain development, thereby bringing the sector closer to public acceptance.

author avatar
Alex
Formally freelance blogger Alex is passionate writer with interest in Finance and Business, fascinated about crypto following news and covering stories.
Advertisement

You May Also Like

Business

A legal dispute has broken out over the US Treasury Department purportedly giving Elon Musk's Department of Government Efficiency (DOGE) unprecedented access to sensitive...

Business

Blocksquare has established a pioneering real estate tokenization framework in Luxembourg that combines blockchain technology with land registries to provide legally binding property rights....

Business

Telegram's choice to exclusively use The Open Network (TON) blockchain for Web3 services has sparked discussion in the crypto world. While some see it...

Cryptocurrency

MicroStrategy has rebranded as "Strategy," adopting a new identity that revolves around Bitcoin.

polkadot
Polkadot (DOT) $ 4.64 2.51%
bitcoin
Bitcoin (BTC) $ 98,010.26 0.00%
ethereum
Ethereum (ETH) $ 2,756.11 0.50%
cardano
Cardano (ADA) $ 0.731359 3.81%
xrp
XRP (XRP) $ 2.37 4.99%
stellar
Stellar (XLM) $ 0.327148 3.12%
litecoin
Litecoin (LTC) $ 104.32 1.99%