Ethereum Bets Big on AI: Foundation Launches Dedicated Team

Ethereum Foundation Doubles Down on AI Integration

The Ethereum Foundation has announced the launch of a dedicated AI team, signaling a strategic shift towards incorporating AI technologies within the Ethereum network. This initiative, dubbed the 'dAI' team, reflects a belief that AI will be crucial for Ethereum's long-term sustainability and relevance.

Bridging the Gap Between Blockchain and AI

The dAI team, led by Ethereum core developer Davide Crapis, will focus on:

• Developing AI systems within the Ethereum ecosystem.
• Onboarding traditional AI companies onto the network.
• Establishing Ethereum as a key infrastructure for AI development.

The team will initially consist of three full-time members and is actively recruiting for the remaining positions.

ERC-8004: Standardizing AI Agent Interactions

One of the team's immediate priorities is the implementation of ERC-8004. This proposal aims to create a standardized framework for AI agents to:

• Discover each other.
• Verify each other's authenticity.
• Transact seamlessly across the Ethereum ecosystem.

The final version of ERC-8004 is expected to be presented at the Devconnect conference in Buenos Aires in November.

Decentralized AI: A Vision for the Future

The Ethereum Foundation's long-term vision is to build a decentralized AI stack. This aims to prevent the concentration of AI power in the hands of a few corporations and foster a more open and accessible AI landscape.

This isn't necessarily about competing with centralized AI powerhouses like OpenAI, but rather about creating a decentralized alternative that can eventually attract even traditionally hesitant institutions.

Key Takeaways:

• The Ethereum Foundation is investing heavily in AI.
• The dAI team will focus on integrating AI into Ethereum and onboarding external AI companies.
• ERC-8004 aims to standardize AI agent interactions on Ethereum.
• The long-term goal is to build a decentralized AI stack.