One of Ethereum’s core developers has announced the formation of a new AI team. This is planned to increase the accessibility of the ETH ecosystem for this sector. Major updates may be announced by November.
In the long run, the team wants to build a future of open, “censored” decentralized AI development. Ethereum’s technical contributions could become a huge player in this field.
Ethereum’s AI Initiative
The Ethereum Foundation (EF) is actively changing in response to the dramatic tensions this year, launching new governance structures and various technical experiments. Today, one of Ethereum’s core developers announced another new project.
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According to Davide Crapis, the team will focus on enabling the AI economy to improve with Ethereum’s blockchain. This includes allowing AI agents to coordinate financial transactions without intermediaries or similar capabilities. We hope this will ensure blockchain’s position in this growing economy.
The team has short-term goals. ERC-8004, “The criteria for proving who AI agents are and whether you can trust it” and by November on ETH’s blockchain. This allows the standard to be released well known at DevConnect in Argentina.
The complete picture: Guardrails and pitfalls
Zooming out a little, Crapis hopes that Ethereum will play a key role in distributed AI (DAI) development. The sector is currently led by several capital-intensive companies and can cause serious practical problems if it fails.
But even if they succeed, this centralized model is in the opposite direction of Crypto’s leaderless spirit. The new Ethereum team is determined to create an open, “censorship resistant” model as part of a distributed AI stack. This ambitious goal takes more time, but it can be important.
Still, outside observers shouldn’t cultivate ideas about AI in Ethereum too grand. Blockchain founder Vitalik Buterin recently warned of the dangers of these agents having too much free control.
“Native AI governance is a bad idea. When you use AI to allocate funds to contributions, people spend ‘all money’ by adding jailbreaking in as many places as possible,” he argued via social media.
But with all that in mind, this can be huge. Ethereum is one of the crypto industry’s biggest blockchains, and entry into the AI sector could guarantee a decentralized future in the long run.
