Sui Network is working on projects involving the convergence of AI and blockchain.
Mysten Labs co-founder highlighted Sui’s investment in AI for its projects.
SUI has surged 86.02% in the last 30 days and is very close to its ATH.
Sui Network announced it will combine artificial intelligence (AI) and blockchain technology in its upcoming projects to improve efficiency and security.
Mysten Labs co-founder Kostas Chalkias said in an X post on Saturday that the layer-1 blockchain protocol plans to integrate AI and blockchain technology to enhance AI-related services.
Blockchain innovation is just the beginning – what if we told you that Sui is also building for the future, where blockchain and AI work together to increase efficiency and security? https://t.co/fo9LAp9HQz
— Sui (@SuiNetwork) October 17, 2024
AI and Blockchain Integration
Venture capital firm Andreessen Horowitz (a16z) highlighted the benefits of integrating AI and blockchain in its State of Crypto 2024 report. The report noted that the number of crypto projects with AI services and functionalities rose from 27% in 2023 to 34% in 2024. a16z cited Near Protocol (NEAR) as an example o…
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