Solana Labs announced the creation of an open-source reference implementation for a ChatGPT plugin that lets users interact with the blockchain.
Users will be able to transfer tokens, check wallet balances, and buy NFTs once ChatGPT plugins are released, according to the tweet.
ChatGPT which created a lot of buzz lately is now joining forces with the crypto sector.
Recently Binance announced that it is integrating ChatGPT into its education platform, Binance Academy.
The exchange in a blog post dated April 24, introduced its new AI-driven tool, which it named “Binance Sensei.”
Users must ask this new “AI-powered mentor” a specific question or set of keywords from which it will provide a “concise, approximately 150-word summary” for each user.
Not long ago, Cardano founder Charles Hoskinson hinted at ChatGPT as the new focus for the proof of stake [PoS] network. Hoskinson tweeted a video of a medical practitioner and YouTuber Vinay Prasad discussing how ChatGPT could change the way that medicine is practiced on his official Twitter account.
Read more on TronWeekly.
That being said, Solana [SOL] has emerged as one of the best-performing cryptocurrencies during the first quarter of this year, according to a recent performance indicator shared by Messari, a crypto analytics platform.
Per the Messari report, Solana’s market cap rebounded in tandem with the general market by more than 118% when compared to the same quarter last year.
The growth in the market cap has been attributed to a number of factors. One of the key metrics is a 68.7% growth in SOL fees.
3 Crucial Factors in Solana Q1 Performance
The expansion of Liquid Staking Derivatives [LSD] in the protocol comes next. Marinade Finance and Lido Finance were in the spotlight in this regard, the report noted.
The once touted Ethereum killer also demonstrated its future aspirations by participating in significant ecosystem events like the Grizzlython, which drew a large crowd.
Lastly, Solana’s validators registered a massive growth that soared by 19% quarter-on-quarter [QoQ]. This metric signaled that the network progressed toward a more decentralized state.
In related developments, on April 19, 2023, the decentralized Wireless Project Helium transitioned to the Solana Mainnet following months of preparation, development, and collaboration.
Helium’s migration to Solana was approved via a community vote in September 2022.