Blockchain incorporates СhatGPT into their network

Victor Del Pino
DataX Journal
Published in
4 min readMay 5, 2023

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Have you ever thought how much we use the word “digital” in our daily life? I use it every day. Even though I can’t recall the name of financial, crypto or blockchain terminology, I just replace it with “digitalization”.

Digitalization of everything

To speak in detail, I usually use the phrase “Digitalization of everything”. When I utter this phrase, it definitely strikes a certain meaning within you. Because almost all the things we use — were totally digitalized. Look at the food we can buy online, the NFT football triumphs or bags, moreover, pay attention to payments by digital assets that have been integrated into our daily routine. The numerous crypto startups and crypto companies are continuing to develop this way. A good example can be WhitePay that introduced crypto payments to Ukraine tech stores to make it easy for customers to buy electronics and goods with cryptocurrency. Just accept this moment of realization. We can buy almost everything with Bitcoin. So, I think that it’s certainly a success now.

From the digitalization aspect, we’re quickly going to AI technologies and the wide-spread ChatGPT. I wrote plenty of articles about the benefits, and negative moments of using this app on business development and content making. But we can’t deny the meaning of influencing these technologies to our style of life. Students use ChatGPT for passing exams and writing an essay for history lessons. People don’t try to recall the data of the beginning of the American Civil War or Mother Day and start to stress fully look for this information on Google or simply ask the ChatGPT about it. People definitely stopped thinking and remembering using their brains.

But if we elaborate on the cooperation of technology to technology, the situation is quite different. I’m really excited by the news that Solana Labs’ ChatGPT plugin allows AI to fetch blockchain data.

According to Cointelegraph- the plugin allows ChatGPT to check wallet balances, transfer Solana-native tokens and purchase non-fungible tokens(NFT) when OpenAI makes plugins available, according to an April 25 tweet by Solana Labs, the development firm behind the Solana blockchain.

The screenshot shared by Solana Labs shows that ChatGPT can retrieve a list of NFTs owned by a particular Solana address, which shares an attached metadata link to the NFT — presumably sourced from Solana Labs’ block explorer.

A New ChatGPT-Powered Bot Named Satoshi Will Soon Help Crypto Traders

The article that was published on Forbes, gave all us a hope to believe that AI technologies will really help to trade. They claimed that using technology created by OpenAI, whose ChatGPT program is helping companies like Microsoft rewire online search, FalconX clients will be able to pose questions like “What are the three most significant differences between two blockchain platforms?” or “What is the delta between Sharpe ratios for a Bitcoin basis strategy or a Bitcoin hold strategy over a two-week period?” to a bot called Satoshi.

Satoshi–named for Bitcon’s purported founder Satoshi Namakmoto–will be able to generate investment ideas for users based on their historical trading activity, portfolios and interests, says FalconX CEO Raghu Yarlagadda. Though the technology is very much in its early stages — the current prototype primarily allows users to get customized news summaries akin to traditional ChatGPT responses to user queries, and trading backtesting has only been available for a few weeks — advancement is likely to come quickly.

So, as more it will integrate — the clearly we’ll see the results. Until now, U.S.-based cryptocurrency exchange PayBito announced its plans to integrate ChatGPT, an artificial intelligence (AI) chatbot developed by research firm OpenAI. PayBito hopes its AI integration can enhance crypto market data analysis, future trends predictions and identifying trading opportunities. WhiteBIT added the ability to top up the balance using three more international methods via Web3 wallet. Users can deposit ETH tokens and related networks such as Polygon, Arbitrum, Optimism, etc. Several companies, such as Numerai, an AI-run hedge fund, and Ocean Protocol, a blockchain-based marketplace that sells tokenized data, are also exploring new AI and crypto integrations.

Summing up, we have not to forget that we’re living in the century of digitalization. We’re the witnesses of universal digitalization, and we definitely have to help it develop the right way, but not against it.

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