Justin Sun, the CEO of Tron, announced via Twitter on Thursday that TronDAO has launched a new $100 million AI development fund. The fund is designed to encourage developers to create applications on the Tron blockchain using emerging AI tools such as OpenAI’s ChatGPT, both in the backend and frontend of development.
Tron’s AI development fund will initially focus on four key areas: an AI service payment platform, an AI-infused oracle, AI-informed investment management services, and AI-generated content, the team explained.
TRON is a public blockchain attempting to become the core infrastructure for a decentralized internet. TRON relies on a Delegated Proof-of-Stake (DPoS) mechanism in which 27 Super Representatives rotate every 6 hours to validate blocks and transactions. TRX is down by more than 1% so far today and is trading at $0.06334 at press time.