‘AI will make Solana more usable and understandable,’ says Anatoly Yakovenko (2024)

Solana Foundation highlighted today a range ofartificial intelligence-related activitieshappening on Solana right now,from chatbots to accelerators to grant programs.

Solana co-founder and Solana Labs CEO Anatoly Yakovenko discussed his views on AI with Jonathan Abramovich, who leads infrastructure business development for Solana Foundation.

Jonathan Abramovich: What are your broad views on AI and how it impacts Solana?

Anatoly Yakovenko:I think the natural language interface that ChatGPT has enabled is interesting and cool. It feels like it's as big of a shift as when Microsoft Windows and the computer mouse were first introduced. So now we're going into reasonably well-working text-based interfaces that can do complex actions.

Every dev building consumer-oriented apps should be thinking about how their app is going to be interacted with through an AI model because this is a new paradigm for telling computers what to do. With AI, it’s like you're almost talking to a human, but there's still a lot of work to be done in terms of actually getting something useful out of it.

AI will make Solana more usable and understandable. Crypto APIs are way better than the APIs that deal with money from finance-focused centralized service providers because they are trustless and don’t deal with the same issues that centralized providers have to deal with. They have more programability and so an AI that can deploy smart contracts and do transactions is better and more powerful than one that can't.

I think it's important enough that we should spend resources on this and give reference examples to devs to then start building their applications with that in mind.

JA: Is that the intention with the ChatGPT plugin?

AY:Yes, exactly. The plugin just gives you a text interface, like a text-based block explorer. You can describe an object on-chain and it will respond by telling you that it is an NFT account or something like that. So that’s kind of cool but it won’t yet mint an NFT set. What I want it to do is be able to write to the chain but we’re not there yet. The plugin was easy to do, though - one of our devs did the initial build in a weekend.

JA: Why is AI coming to Solana right now in a way that it’s not happening on other chains?

AY:For right now, ChatGPT plugin is reading on-chain data that can help construct transactions that can be run on-chain. But Solana is cheap and fast so we hope that people will be able to run these transactions within a ChatGPT loop. That means that the machine interface to the chain is cheap enough for ChatGPT to be able to do it. You need both speed and cost advantages to make a good user experience, otherwise, it doesn't really work.

JA: What is the stage we’re in for applying AI to Solana?

AY:Right now, we’re in the stage of discovering what AI can do. I encourage devs to go write plugins for whatever software they are working on, interact with it, and discover what it can do. I don’t think anyone knows where it's supposed to go. It's just really, really cool that you can basically treat it like a Star Trek computer. The Star Trek computer wasn't perfect - it couldn't answer arbitrary questions, but you could tell it to do something and it would go do it. This is where I think LLMs have brought us. That's a pretty different experience than normal computer interactions or even Siri.

JA: How else will AI make an impact on the Solana ecosystem?

AY:I already see developers using it to document and understand the code more, like using GPT models for documentation and plugins for automation. Other large language model style things are going to make it easier for devs to generate code for smart contracts, find bugs, and then write test code. I think it could be used to even find vulnerabilities.

JA: What about on the validator front?

AY:That's interesting. There's a lot of data that validators monitor. I bet somebody could build AI-optimized monitoring tools for data - maybe someone is already working on that.

JA: WhenFiredancergets up and running there will be two unique code bases that Solana runs on – does that just imply that there's just twice as much information and data to comb through, and could an AI help with that?

AY:Ooh, I wonder – a sophisticated-enough AI should be able to look at the two code bases and write a third one that isn't dependent on the other two. That would be cool.

JA: What about specific applications of AI on Solana?

AY:I expect to see AI that is differentiated by the data that it is trained on. Crowdsourcing data is really hard so very up-to-date data sources will probably come from crowdfunded, crypto-based projects, such as Hivemapper.

Another thing that I think would be cool is an AI plugin that you tell, "Hey, I want to do an NFT set with 10,000 images in this style with these traits”, and then stable diffusion generates the whole thing, mints them on chain, sets up a Discord group, starts answering questions, and starts building out lore and stories. I think there's a lot of interesting, weird things that could happen.

JA: Doesn't that just take away all the work?

AY:No, it doesn’t take away the fun work – it just takes away the hard work and the annoying work.

‘AI will make Solana more usable and understandable,’ says Anatoly Yakovenko (2024)

FAQs

Who is behind Solana? ›

Named after a small Southern Californian coastal city, Solana is the brainchild of software developer Anatoly Yakovenko.

Who is Anatoly Yakovenko founder and CEO of Solana? ›

Anatoly Yakovenko is the founder and CEO of one of the Ethereum killers, Solana blockchain. Similar to many of us and other blockchain founders, he made his way from working in a traditional industry to the blockchain industry.

Which country did Anatoly Yakovenko come from? ›

Anatoly Yakovenko is a co-founder of Solana and the CEO of Solana Labs. I was born under Soviet rule in modern-day Ukraine. We moved to America when I was 11.

What is the career of Anatoly Yakovenko? ›

Anatoly Yakovenko is the co-founder of Solana and CEO of Solana Labs. He has almost two decades of experience building high-performance operating systems, including leading OS development at Qualcomm and holding engineering roles at Dropbox and Mesosphere.

Who owns the most Solana? ›

Who owns solana? As of 9 January, the three biggest SOL holders were anonymous wallets each owning 1.86%, 0.93% and 0.93% of the total supply respectively. It was also speculated that Alameda Research, sister hedge fund of FTX crypto exchange, reportedly held over $1.19 billion SOL tokens.

Who is the owner of Solana account? ›

By default, all new accounts are owned by the System Program. The System Program performs several key tasks such as: New Account Creation: Only the System Program can create new accounts. Space Allocation: Sets the byte capacity for the data field of each account.

Who is suing Solana? ›

The SEC has also filed a lawsuit against a cryptocurrency exchange alleging that Solana should be regulated as a security. Solana's total market cap was US$55 billion in January 2022. However, by the end of 2022, this had fallen to around $3 billion following the bankruptcy of FTX.

Did Solana make millionaires? ›

Solana (SOL -5.32%) has minted a lot of millionaires since its launch in 2020. The cryptocurrency started trading at $0.95 and hit its all-time high of $260.06 on Nov. 6, 2021 -- which would have turned a $10,000 investment into $2.74 million.

Who is funding Solana? ›

Solana is funded by 48 investors. Cynegetic Investment Management and AngelDAO are the most recent investors.

Is Solana better than Ethereum? ›

Ethereum has low speed and scalability, but several times more TVL (the amount of funds locked in the blockchain). Solana has a more advanced consensus algorithm that provides faster network speeds. Stability, decentralization, and almost complete trust from the community, investors, and developers.

What is the old name of Solana? ›

Why did Solana change its name? Originally meant to be called Loom, the protocol changed its name to avoid being confused with an Ethereum-based project launching around the same time.

Is Solana a good investment? ›

With its high throughput and low transaction costs, Solana provides a compelling platform for NFT activities, positioning it as a strong contender for leading the market in 2024.

Who is the next Solana? ›

Solana (SOL) has recently been in the limelight thanks to its stunning performance, but other top crypto coins could soon be in the same boat. In fact, KangaMoon (KANG), Jupiter (JUP), Bonk (BONK), Ethena (ENA), Dogwifhat (WIF), and Core (CORE) may soon shine brighter than Solana.

What is the highest potential for Solana? ›

CoinPedia. The Solana price prediction from CoinPedia suggests that Solana price could reach a maximum level of $200 per SOL in 2024. By 2025, Solana's price could add another $50, bringing it to $250 each SOL. Longer term, the digital asset could reach as high as $672.

Why Solana will win? ›

Solana's ability to match or even surpass Ethereum in these critical aspects of the blockchain economy could indicate a robust and scalable infrastructure which is capable of handling significant transaction volumes – a crucial factor for any further growth.

Is Solana backed by Google? ›

Now, Solana Labs has joined forces with Google Cloud. Through this partnership, the team behind the eco-friendly green blockchain will use the capabilities of Google Cloud to offer its own blockchain-based game development suit to developers.

Who are the top investors in Solana? ›

Investments
Announced DateInvestor NameFunding Round
Jun 7, 2024Avocado GuildSeed Round - XOCIETY
May 15, 2024GalxeSeed Round - Pencils Protocol
May 9, 2024Lucas BruderSeed Round - Arcium
May 9, 2024MacBrennan PeetSeed Round - Arcium
1 more row

Who are the backers of Solana? ›

Who are the investors in Solana? Solana has 91 institutional investors including a16z, Polychain and Multicoin Capital.

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