According to TechFlow, Function X, a decentralized entity payment blockchain network launched by Pundi X, has announced the launch of its first artificial intelligence (AI) innovation fund. The Function X AI Innovation Fund will invest $10 million in $FX tokens to focus on encouraging AI developers to build projects on Function X's Layer 1 blockchain f(x)core.

The fund will incentivize AI projects to use f(x)core for infrastructure construction, more efficient data processing, AI model training and verification, as well as the development of predictive analytics and generative AI and large language model applications for blockchain.

To ensure that these AI projects are aligned with the core values ​​of Function X, the fund has established a reward mechanism. Funds will be allocated based on specific milestones, including time-specific commitments, natively built on Function X, more than 200 unique users, more than 5,000 social media followers, etc.