AI / Web3 — Agent-Based Intelligence

The world of web3 is constantly evolving, and one of the most exciting developments is the use of agent-based intelligence…

Uluc Yuca
DataBulls
4 min readDec 24, 2023

--

The world of web3 is constantly evolving, and one of the most exciting developments is the use of agent-based intelligence. This technology, which utilizes large language models (LLMs), is gaining popularity within the web3 community. Examples of semi-functional agents, such as AutoGPT are already making waves and have dedicated communities on platforms like Discord.

They use OpenAI’s API and vector database solutions to create, prioritize, and execute tasks. — These agents have the potential to revolutionize how we interact with and harness the power of web3.

Utilizing Agents in Web3

One of the key benefits of using agents in web3 is the transparency they provide. Blockchain’s inherent transparency and immutability can be leveraged to record the decisions and actions of these agents, ensuring accountability, and building trust in the system. This is especially important when agents are executing complex tasks in various web3 environments. Additionally, utilizing a blockchain that can scale and distribute archived storage and can ensure transparency with agents.

Decentralized coordination is another area where agents can prove useful in web3. — By leveraging smart contracts, agents can discover and interact with each other’s capabilities, fostering a new level of cooperation and efficiency within the web3 framework.

Setting boundaries for autonomous actions is crucial to mitigate risks and unintended consequences. Smart contracts can serve as immutable guardrails, ensuring that the actions of these agents stick to predefined rules and ethical standards, particularly in sensitive domains like finance. This approach to AI safety is not currently being utilized, but it could allow for a more open and auditable paradigm.

Economic incentives and crypto assets can also play a role in utilizing agents in web3. In scenarios where collaboration and service provision are key, crypto assets can be used as an economic layer for these agents. For example, an agent designed to generate marketing materials using advanced AI models could autonomously execute tasks and receive payments in cryptocurrency, streamlining the entire process. This allows for true agency for AI on-chain, as they can pay for things, hold things of value, and create value.

The Future of Web3 with Better AI Models

As we look towards the future, it’s clear that better AI models will continue to shape the web3 space. These advancements will enable agents to run locally on devices, providing enhanced security and privacy.

With the integration of AI into decentralized networks, we’re witnessing the harmonious blend of cutting-edge technology with the principles of decentralization and user empowerment. As we embrace these technological leaps, the possibilities for enhanced DeFi operations, DAO governance, and user-friendly interfaces in web3 applications seem boundless.The future of web3, bolstered by AI, beckons a more connected, autonomous, and secure digital world, redefining our interactions and experiences within this space.

In conclusion, the use of agent-based intelligence in web3 is a game-changer. These semi-autonomous agents have the potential to revolutionize how we interact with web3 and open up new possibilities for decentralized applications.

With advancements in AI models and on-device machine learning chips, the future of web3 looks bright.

Suspend your disbelief

More…

--

--

Uluc Yuca
DataBulls

He who has a why to live can bear almost any how — Nietzsche