Injective has launched the iAgent SDK, enabling users to create on-chain AI agents for automating tasks and interacting with decentralized applications.
The iAgent SDK, a tool that enables users to develop their own on-chain artificial intelligence agents, has been released by Injective, a Cosmos-based Layer 1 blockchain.
By combining blockchain technology with AI technology, this new development offers a more user-friendly method for users to interact with decentralized applications (dApps) and automate intricate processes.
Unveiling iAgent SDK
Injective iAgent SDK for Onchain AI Trading and Data Tools
The iAgent SDK utilizes advanced AI models, such as OpenAI’s ChatGPT, to implement a variety of Injective-based tasks using natural language commands.
Users have the ability to establish numerous autonomous agents that are customized to meet specific objectives. For example, one agent can monitor market data while another executes transactions, thereby streamlining activities for both developers and traders.
“Injective has released a statement on its social media platform that describes iAgent as an AI-powered tool that simplifies blockchain interactions on Injective. This tool allows users to send payments, manage funds, and perform other tasks.”
The objective of this tool is to simplify blockchain interactions, particularly for users who lack technical expertise, by providing a user-friendly interface for commanding agents in straightforward English.
This action is being taken in response to the recent backlash that Google has faced following the statement that its AI chatbot instructed a student to “please die,” which raised safety concerns regarding the technology.
Automation and Customization
The iAgent SDK enables users to independently administer agents and configure them with unique parameters. Predictive analytics, trade automation, and fund administration are among the functions that these agents are capable of performing.
Users can access sophisticated capabilities that were previously restricted to highly technical or manual processes by incorporating AI into their workflows.
In order to automate their trading strategies, users may implement commands such as “buy INJ if it reaches $24.50” or “track the price of INJ.”
The software’s utility for decentralized finance (DeFi) applications is further enhanced by the integration of machine learning features that project prospective market outcomes.
Injective Labs has provided developers with comprehensive documentation to facilitate the implementation of iAgent.
The guide provides comprehensive instructions for configuring agents, generating commands, and personalizing them to meet the specific requirements of the user.
The introduction of iAgent is consistent with Injective’s objective to enhance the accessibility of blockchain technology by incorporating AI.
The Layer 1 protocol is designed to provide a more user-friendly experience for interacting with decentralized systems, thereby empowering both technical and non-technical users.
“Injective is establishing a novel paradigm in which AI and on-chain infrastructure collaborate to revolutionize finance,” stated Eric Chen, CEO of Injective Labs.
He underscored that the development of iAgent is a component of a more comprehensive initiative to integrate blockchain technology with artificial intelligence for financial applications.
The price of INJ is expected to increase to $34.
The price of INJ, Injective’s native governance token, fluctuates in conjunction with the launch of iAgent. The price of INJ was $24.68 as of November 19, indicating a slight decrease of 1.53%.
Analysts have noted that the token is consolidating within a bullish pennant pattern, which may suggest a potential upward breakout.
If the price surpasses the pattern, the next target is projected to be $34, while the immediate resistance level for INJ is $26. Nevertheless, the market’s bearish sentiment necessitates the support at $22 in order to sustain a bullish rally.
The technical indicators also indicate that the negative trend will persist, as the MACD line is moving southward below its signal line. A adverse trend may be anticipated to persist if the MACD blue line falls into the negative region.
