The post Kite AI launches AI-Focused L1 Blockchain on Avalanche appeared on BitcoinEthereumNews.com.

Kite AI has launched the first AI-focused Layer 1 blockchain on Avalanche, creating a decentralized environment for AI models, tools, and data. The testnet on Avalanche (AVAX) aims to improve AI development by addressing blockchain scalability and efficiency challenges, according to a note shared with crypto.news. The platform introduces Proof of Attributed Intelligence, a consensus mechanism that tracks and rewards AI contributions. This system ensures transparency and incentivizes data providers, model builders, and AI agents. Kite AI also features a decentralized data access engine, a composable AI ecosystem with customizable subnets, and decentralized AI memory for long-term attribution. Improved AI workloads By leveraging Avalanche’s infrastructure, Kite AI enables faster processing of AI workloads while maintaining decentralized ownership. As a member of Avalanche’s InfraBuidl program, the project is positioned to advance AI adoption within blockchain ecosystems. “Our testnet launch advances blockchain AI innovations and introduces the next generation of AI-driven infrastructure for Web3 builders,” said Chi, CEO of Kite AI. The testnet is now open to developers and institutions exploring AI-powered blockchain applications. Source: https://crypto.news/kite-ai-launches-ai-focused-l1-blockchain-on-avalanche/

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Filed under: News - @ February 6, 2025 11:21 pm