According to Odaily Planet Daily, decentralized cloud computing platform Phala Network announced a major platform update: the transition from Phat contracts to AI-Agent contracts marks a strategic pivot for fully integrating artificial intelligence into the Web3 ecosystem. Phala paves the way for the development, ownership, and monetization of AI Agents in a decentralized environment by introducing AI-Agent contracts. AI-Agent contracts are designed to merge the functionality of AI with the decentralized nature of blockchain, providing AI Agents with a powerful platform that enables them to operate autonomously and generate value in the ecosystem.