AI platform Validation Cloud has launched a language model on the Hedera network, giving decentralized finance users the ability to access blockchain data in a more accessible way. The Mavrik-1 AI engine has been deployed on Hedera, with several other planned integrations expected during the public rollout later this year.
The AI engine is designed to allow users to interact with DeFi protocols and access blockchain data through natural language queries without the need for technical knowledge or experience. Mavrik-1 uses on-chain data trained for DeFi, stablecoins, and other blockchain applications.
According to LeewayHertz, an AI development company, the AI industry will be a $15 trillion industry by 2030, and much of it will be moved to the decentralized web as blockchains give users more control over computing resources and databases. This was further confirmed by Ernst & Young, who reported in 2024 that AI and Web3 can eliminate each other’s shortcomings.
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