Elon Musk hints at Solana's Biggest use case

Solana can dominate the AI and blockchain narrative.

Summary

• Introduction

• Blockchain x Artificial Intelligence

• Elon Musk hints at Solana’s biggest use case to date

• Solana is laying the foundations for AI

  • ChatGPT Plugin

  • Artificial Intelligence Grant Program

  • Solana Phone

• Only Possible on Solana - Render is the First Mover

• Conclusion

Introduction

Artificial Intelligence has been all over the news due to its strong and fast technological advancements. The breakthrough in AI has the potential to massively impact several industries such as engineering, health, and technology. There are concerns about job automation, ethical problems and potential risks of disrupting the job market, which seem many, especially those working in jobs most likely to be replaced by AI.

The crypto world has been paying close attention to the AI narrative, with many AI-related tokens popping up and seeing massive increases in price, even though most haven’t delivered anything other than using the AI buzzwords to create hype.

Over one month ago, Elon Musk indirectly hinted at one of Solana’s most relevant use cases. Today we will look at how Solana can be the choice for AI development on the blockchain, and how it is already in the works.

Blockchain x Artificial Intelligence

Artificial Intelligence systems can store and share data on the blockchain, as it provides better data security and privacy. Blockchain creates the necessary environment for transparency and accountability, which makes AI outputs more trustworthy. In addition, blockchain can incentivize data sharing and collaboration through tokenization and reward mechanisms, as it already exists for other use cases.

Although Artificial Intelligence has the potential to be one of the main drivers of blockchain adoption, it is important to remember that most blockchains are either too expensive, do not have a resilient infrastructure to support strong demand and activity, or both.

Elon Musk hints at Solana’s biggest use case to date

The Twitter user @tunguz said that AGI (Artificial General Intelligence) will be built with Python, to which Elon Musk replied by saying it will be with Rust.

Languages like Python and R are more widely used in the AI community due to the number of available tools, libraries and mature ecosystems. On the other hand, Rust’s high performance and interoperability may make it more suitable for intensive tasks. In addition, Rust’s ecosystem is growing fast.

For a second, let’s entertain Elon Musk’s assumption that Rust is the best language for AI development. Considering the existing blockchains, Solana is the biggest network built with Rust. In addition, Solana is the fastest blockchain in the crypto ecosystem, making it an attractive environment for high-intensity use cases to be developed. Interestingly enough, the DePIN narrative is thriving on Solana, as projects like Helium and Render migrate their ecosystems to Solana due to its speed, low costs and composability.

Solana is laying the foundations for AI

Solana is scalable, has low transaction fees and has fast confirmation times. It is the most powerful blockchain, while also being the cheapest. Solana has a fast-growing developer ecosystem, developing use cases which are Only Possible on Solana. In addition, it is one of the most active and resilient ecosystems in crypto, having survived the FTX crash and the bear market so far.

ChatGPT Plugin

The Solana Foundation is laying the ground for Artificial Intelligence development. Recently, @solanalabs introduced a ChatGPT Plugin for enhanced user interaction. Users are able to check wallet balances, transfer tokens and purchase NFTs through the Plugin.

Artificial Intelligence Grants Program

The Solana Foundation created an AI Grants Program of $10M, to encourage experimentation at the intersection of blockchain development on Solana with Artificial Intelligence. The program received over 50 applications in the first week. In addition, a three-month-long accelerator program for university students was created, focusing on blockchain and AI experimentation.

Hivemapper, a DePIN project built on Solana, launched AI Trainers, which converts real-world imagery into digital maps, resulting in 5.7M AI training reviews and consensus on half a million objects.

Solana Phone

Solana’s SAGA phone offers developers a seamless and efficient way to make their apps available to a large user base, enabling real-time feedback, and leading to faster and better product improvement.

Render is the First Mover - Only Possible on Solana

As the AI Narrative strengthens, developers increase their efforts to find the ideal ecosystem to build on. In May, Render (RNDR) moved its Burn-and-Mint mechanism from Polygon to Solana, as a result of a governance vote. Render is the biggest gainer of 2023 in % gains so far, largely due to the AI narrative.

RNDR is a blockchain-based project developed by OTOY that aims to transform cloud rendering and distributed computing, through the creation of a decentralized network of rendering nodes.

The global shortage of GPUs due to increased demand for graphic rendering solutions is exacerbated by supply chain complications. In this context, Render emerges as a decentralized computing solution, providing a cheaper and faster alternative to traditional rendering methods. By utilizing distributed computing power, Render democratizes high-quality rendering and becomes particularly valuable in the context of the growing Metaverse vision. Due to these reasons, many argue that Render is the most important AI token.

Conclusion

In conclusion, the intersection of blockchain and AI is gaining significant attention in the crypto world. While languages like Python and R are commonly used in the AI community, Rust's potential as a language for AI development has been highlighted by Elon Musk. The Solana Foundation has also taken proactive steps by introducing an AI Grants Program, an accelerator program for university students, and supporting projects in the ecosystem. Additionally, the recent adoption of Render on Solana further solidifies its position as a leading blockchain for AI.