The Cosmos ecosystem seems to be quiet again since Celestia. The new chain Berachain has not yet been launched, and the attention of old projects such as bad kids is getting lower and lower. In this slightly low-key period, the announcement of Kava AI is just in time.
In the process of continuous upgrading of the main network, Kava is also actively laying out the latest narrative in the industry. At the just-concluded Token2049 conference, Kava announced Kava AI and launched the first AI chatbot.
In this regard, BlockBeats talked with Scott Stuart, co-founder of Kava Labs. He also shared his views on AI + Crypto, as well as the new ideas of combining native USDT with WBTC and AI on Kava.
Scott Stuart:KAVA launched Kava AI on Token2049. Kava AI is a decentralized AI developed on the Kava network to drive the cross-chain AI market.
Kava AI unlocks the industry's best AI tools for the existing massive DeFi ecosystem, and this ecosystem is connected to all mainstream EVMs, Cosmos ecosystem projects, native USDT, WBTC, Binance, etc.
Many emerging AI projects face cold start problems because they do not have a ready-made ecosystem. Kava has built an ecosystem for more than 5 years and has established connections with every major network and centralized player. Kava can use this ecosystem and its connections to quickly promote and use its AI technology throughout the ecosystem.
The first product we launched on Token 2049 is an AI chatbot that allows users to easily launch meme coins on Kava.
Scott Stuart: All current major features are designed to expand the capabilities of Kava AI and integrate USDT exclusive cooperation. Kava will attract more users to join the network by investing in innovative technologies such as AI and BTC staking. USDT is an important cooperation that will drive more Kava adoption and increase the liquidity of native tokens on Kava (such as USDT and WBTC), and work with Binance, Coinbase, Fireblocks and Bitgo to export to Cosmos and Ethereum ecosystems.
Scott Stuart: Kava believes in the future of AI and has made a huge bet on this track. Unlike many "pure" AI crypto projects, Kava has an existing user base that will grow as AI tools develop. Kava is investing a lot of resources to build the best decentralized AI to benefit the crypto community.
There will be more major announcements about Kava AI coming soon.
Scott Stuart: Kava AI will inject strong momentum into the existing DeFi ecosystem on Kava and drive rapid growth of the ecosystem. Kava AI has just been launched on Token 2049, but has already attracted a large number of users to deploy meme coins. AI is the future and will cover every industry. Kava is actively planning to become the most widely used decentralized AI.
The key is that Kava already has a huge partnership with all major crypto projects and has a thriving DeFi ecosystem. This is why we see Kava AI being able to gain significant immediate use, as developers and users can use Kava AI today and have the potential to attract more users in the future. We will also work closely with Tether to promote Kava AI to attract more USDT users and liquidity to Kava.
Scott Stuart: We have 7 years of industry experience in building more secure blockchain functions and have considerable funds for research and development. It takes a lot of time, energy and talent to launch new innovative features. After years of hard work and accumulation, Kava is ready to bring these new products to market. Later, we will have a brand upgrade and will announce it with Binance, hoping to promote these new AI features to a wider user base.
Scott Stuart: The biggest advantage lies in the existing DeFi ecosystem. Unlike many projects that have no users or only provide third-party services, Kava AI is directly integrated into the Kava DeFi ecosystem. Users can directly access chat.kava.io to deploy meme coins and other projects on Kava. More tools will be launched in the future to make it easier for developers and users to participate in Kava's Web3 ecosystem.
Scott Stuart: Kava Lend is the most mainstream lending market used in the Cosmos ecosystem. Kava is bringing years of accumulated security and usage experience to the EVM stage, and is working with Tether and Bitgo to provide secure and liquid native assets (such as USDT and WBTC) directly to users, bringing real benefits. This is an important milestone for the HARD community.
Scott Stuart:Native assets with real-world yields like USDT and WBTC are the future of online lending and can continue to bring traffic. Tether chose Kava to import USDT into the Cosmos ecosystem. Bitgo chose Kava to import WBTC into Cosmos. Kava Lend benefits from this exclusive cooperation, and Kava is one of the three blockchains that have both native USDT and WBTC.
And Kava's cooperation with Binance makes Kava one of the only two chains on the Binance platform with native USDT and WBTC. This will have a huge impact in the upcoming Kava Lend V2.
Scott Stuart:The market wants to see significant progress, and minor improvements are not enough. Therefore, Kava is investing heavily in AI and BTC staking. Kava is working closely with Tether and Binance to plan a major upgrade at the end of the year to increase the usage of Kava AI products and drive growth in Layer1. There is still plenty of room for excellent teams to extract value from Ethereum and expand the share of the crypto market as a whole.
Scott Stuart:Cryptocurrencies need to continue to innovate to drive new uses. Now use cases like AI and USDT are the main drivers for users, and Kava is going all out in these areas.
欢迎加入律动 BlockBeats 官方社群:
Telegram 订阅群:https://t.me/theblockbeats
Telegram 交流群:https://t.me/BlockBeats_App
Twitter 官方账号:https://twitter.com/BlockBeatsAsia