AI platform Atua’s developer, KaJ Labs, announced a $100 million investment into building advanced AI solutions to the XRP ecosystem.
According to the press release, KaJ’s investment is meant to be used for driving adoption of AI-driven solutions and adapt its capabilities to suit the landscape of decentralized finance and enterprise operations found in the Ripple (XRP) ecosystem.
Atua AI is known as an on-chain enterprise platform that uses artificial intelligence-led technology to improve business operations. By integrating Atua’s AI-driven technology with XRP’s blockchain technology, the platform hopes to bridge the gap between blockchain and AI technology.
The $100 million investment will be allocated to research and development, AI model training and to deploy AI solutions specifically tailored to fit the needs of XRP-based platforms.
“This move is poised to bolster enterprise functionality, offering real-time analytics, predictive insights, and automated workflows to businesses utilizing Ripple’s decentralized framework,” wrote Atua AI in its press release.
By focusing on the Ripple ecosystem, KaJ Labs seeks to leverage the benefits of XRP’s infrastructure to deploy AI-powered tools that have the capacity to improve the blockchain’s business operations, improve automation, and enhance decision-making processes for enterprises globally.
With this investment, KaJ Labs hopes to contribute to the increasing trend of companies combining blockchain and AI technologies, opening up more opportunities for innovation in the crypto sector.
As previously reported by crypto.news, an analysis by Syncracy Capital revealed that Crypto x AI makes up only 1% of the total crypto market cap. Co-founder of Syncracy Capital believes that the sector has the potential to leap by 10x as more AI agent platforms are entering the crypto industry.
Most recently, blockchain tool developer Tools for Humanity teamed up with artificial intelligence startup Modulus Labs to improve the security and scalability of the layer-2 network World, formerly known as Worldcoin.
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