The DeFi project Frax Finance has begun developing a technology stack for AI agents on the blockchain in partnership with IQ. This is reported by The Block.

AIVM is being created as a parallelized blockchain based on the L2 solution Fraxtal. The network uses a new consensus algorithm called Proof-of-Inference. This mechanism applies artificial intelligence and machine learning models to validate transactions.

The Frax solution will allow AI agents to become fully autonomous without a single point of failure. Ultimately, the interaction between artificial intelligence and the blockchain will become 'more organic,' the developers emphasized.