PowerPool 2.0: An Update to Strategic Vision. Capturing the AI Agents Market

PowerPool, a decentralized network of Keepers (nodes, automatically executing on-chain strategies and actions), is excited to introduce PowerPool 2.0. This update aims to greatly expand the Keepers’ use cases and streamline the automation of AI agents' decision execution.

What’s more important for both developers and users is that PowerPool 2.0 enables AI agents to function smoothly within the blockchain ecosystem by integrating off-chain triggers with on-chain activities. Such integration allows AI agents to execute their off-chain decisions on-chain.

The AI market is expected to grow significantly, from $40 billion in 2022 to $1.3 trillion in the next decade, driven by the growth of AI applications like Google's Bard and OpenAI's ChatGPT and increased demand for software sales.

Witnessing the AI market growth, especially in the context of AI agents, the PowerPool network's architecture enables the development of off-chain triggers that initiate task execution and make API calls to obtain necessary data. This opens up a big possibility of allowing AI agents to carry out transactions in accordance with their decision-making processes.

PowerPool serves as a DePIN layer for AI agent protocols and is used for AI transaction execution. PowerPool improves its value and user experience by reliably and cost-effectively transferring AI decisions from off-chain to on-chain updates.

Recently, there has been a lot of focus on AI, particularly on AI agents pre-trained on pre-existing data, which may provide end users with a range of services, including content creation and request-driven decision-making.

These agents can automate time-consuming tasks, including scientific applications, commercial decision-making, and content generation. When analyzing off-chain and on-chain data for automated trading strategies and yield generation, Web3 AI agents have demonstrated encouraging skills. However, the decision is realized on-chain only when an AI-prompted transaction is added to the block.

Using the AI Agents protocol API, PowerPool facilitates the onboarding of protocols by providing transaction execution services with a broad range of circumstances. PowerPool's diversified Keepers assure simplicity and dependability, while the decentralized and permissionless network guarantees robustness and autonomous operation.

The primary objective is to enable the practical use of AI Agents in Web3 by providing dependable infrastructure for AI operations and optimizing the user experience for AI strategy agents. PowerPool has a major development possibility due to the emergence of the Web3-focused AI industry and the necessity of executing AI operations on blockchain networks.

As stated by Vasily Sumanov, Head of Research at PowerPool: “Our main goal is to facilitate the practical usage of AI Agents in Web3 by providing reliable infrastructure for AI operations and streamlining the user experience for AI strategy creators. The expansion of the Web3-focused AI segment, coupled with the essential requirement to execute AI operations on blockchain networks, creates a substantial growth opportunity for PowerPool.”

The PowerPool protocol is valuable for an AI agent's efficacy as it can carry out strategies and transactions for users - including AI agents - on their behalf. This feature makes it easier to communicate with Web3 protocols at a lower cost, which raises the protocol's total value, especially if we're talking about networks with low transaction fees, sizable user populations, and significant liquidity since they are the ultimate transaction growth layer.

The quantity of L1/L2 chains, clients, third-party protocols, integrated PowerPool Template Jobs, and AI agents using PowerPool for on-chain operations are important variables impacting transaction executions on the protocol.

Vasily also added: “PowerPool is the ultimate transaction growth layer for networks with low transaction fees, large user bases, and substantial liquidity. It unlocks new use cases on top of automated strategies and AI decision implementation, increasing the number of transactions and users’ convenience.”

Without complicated interfaces or specialized product UIs, AI agents may create a strong demand for transaction execution. As a result, PowerPool starts to function as a proxy network for the Web3 AI market, taking a cut of all gas fees that AI agents pay for on-chain transactions.

In 2020, PowerPool was one of the first to introduce functioning DeFi indices and a meta-governance concept. Right now, as an established DePIN layer, PowerPool offers a decentralized network of Keepers/Bots that specialize in executing complex multichain transactions autonomously. This capability makes PowerPool a perfect infrastructure layer for AI agents operating in Web3, which enables them to seamlessly implement on-chain actions based on off-chain and on-chain data analysis.

With PowerPool, AI agents can use its Transaction Execution as a Service, streamlining the deployment and operation of AI-driven strategies while enhancing reliability and efficiency. This helps PowerPool in advancing the integration of AI technologies within decentralized networks, supporting a new wave of automated and intelligent applications in the blockchain.

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