PowerPool is a decentralized network of Keepers (nodes that automatically execute on-chain policies and operations), and now launches PowerPool 2.0. This update aims to greatly expand the use cases of Keepers and simplify the automation process of AI agent decision execution. More importantly, for developers and users, PowerPool2.0 enables AI agents to run smoothly in the blockchain ecosystem, integrating off-chain triggers with on-chain activities, allowing AI agents to execute their off-chain decisions on-chain.
AI agents fill the market
The AI market is expected to grow significantly, from $40 billion in 2022 to $1.3 trillion over the next decade, driven by the growth of AI applications such as Google’s Bard and OpenAI’s ChatGPT and increased demand for software sales driven by.
While witnessing the growth of the AI market, especially in the context of AI agents, the architecture of the PowerPool Network makes it possible to develop off-chain triggers that initiate task execution and make API calls to obtain necessary data. This opens up huge possibilities for allowing AI agents to execute transactions based on their decision-making process.
PowerPool serves as the DePIN layer of the AI Proxy Protocol for AI trade execution. By reliably and cost-effectively transferring AI decisions from off-chain to on-chain updates, PowerPool enhances its value and user experience.
Recently, AI, especially AI agents pre-trained on existing data, has received a lot of attention. These agents are able to provide a variety of services to end users, including content creation and demand-driven decision making.
These agents are able to automate many time-consuming tasks, including scientific applications, business decisions, and content generation. Web3 AI agents have shown promising capabilities in analyzing both off-chain and on-chain data to automate trading strategies and revenue generation. However, decisions can only be made on-chain when AI-triggered transactions are added to blocks.
PowerPool’s vision for a Web3-focused AI agent
Leveraging the AI Agent Protocol API, PowerPool facilitates the protocol’s onboarding by providing a wide range of transaction execution services. PowerPool’s diverse executor Keepers ensure ease of operation and reliability, while its decentralized and permissionless network guarantees robustness and autonomous operation.
Its main goal is to enable the practical application of AI agents in Web3 by providing a reliable AI operation infrastructure and optimizing the user experience of AI policy agents. Due to the emergence of the AI industry focused on Web3 and the necessity of performing AI operations on blockchain networks, PowerPool has significant development opportunities.
Vasily Sumanov, Head of Research at PowerPool, said: “Our main goal is to facilitate the practical application of AI agents in Web3 by providing a reliable AI operational infrastructure and simplifying the user experience for AI strategy creators. The expansion of the AI sector focused on Web3 and the fundamental requirement to perform AI operations on blockchain networks creates a huge growth opportunity for PowerPool.”
The impact of a new vision focused on AI on the value of the PowerPool protocol
The PowerPool protocol is of great value to the performance of AI agents because it can execute strategies and trades on behalf of users (including AI agents). This feature makes it easier to communicate with Web3 protocols at low cost, thereby increasing the overall value of the protocol, especially for those networks with low transaction fees, large user bases and sufficient liquidity, as they are the ultimate transaction growth layer.
Important variables that influence transaction execution on the protocol include the number of L1/L2 chains, clients, third-party protocols, integrated PowerPool template tasks, and AI agents using PowerPool for on-chain operations.
Vasily added: “PowerPool is the ultimate trading growth layer for networks with low transaction fees, a large user base, and massive liquidity. It unlocks new use cases on top of automated strategies and AI decision implementation, increasing trading volume and user convenience.”
Without the need for complex interfaces or specialized product UIs, AI agents can create a strong demand for trade execution. As a result, PowerPool began to operate as an agent network for the Web3 AI market, earning a portion of the revenue from all Gas fees paid by AI agents in on-chain transactions.
About PowerPool
PowerPool pioneered the concept of functional DeFi indexes and meta-governance in 2020. Today, as an established DePIN layer, PowerPool provides a decentralized network of Keepers/Bots focused on autonomously executing complex multi-chain transactions. This capability makes PowerPool the perfect infrastructure layer for AI agents running in Web3, enabling them to seamlessly perform on-chain actions based on off-chain and on-chain data analysis.
With PowerPool, AI agents can use its transaction execution as a service to simplify the deployment and operation of AI-driven strategies while improving reliability and efficiency. This helps PowerPool promote the integration of AI technology in decentralized networks and support a new wave of automation and intelligent applications in blockchain.