The aelf team has announced that it will strategically use its $50 million Ecosystem Fund, operated by its investment arm, aelf Ventures, to support innovative AI initiatives seeking blockchain enablement. This initiative aims to accelerate AI blockchain innovation by encouraging the community to utilize new technologies for data pre-processing, model training, fine-tuning, deployment, agent development, on-chain deployment, and monetization within the aelf blockchain environment.
The specifics of the funding criteria have not been disclosed. However, the announcement indicates a potential integration of AI capabilities into current projects and games on the aelf blockchain, signaling a growing interest in the convergence of blockchain and AI within the industry.
As part of this development, io.net and Aptos Labs will collaborate to create a variety of AI models and products, which will eventually be released on the Aptos blockchain network.