PANews reported on December 12 that according to The Block, the decentralized stablecoin protocol Frax Finance announced that it is working with the associated project IQ to develop an AI technology stack. The "AIVM" technology stack is a parallel blockchain developed within the project Layre2 rollup protocol Fraxtal, which uses a new reasoning proof consensus system. The reasoning proof mechanism uses artificial intelligence and machine learning models to verify transactions on the blockchain network.
Frax claims that the AI technology stack will enable AI agents to be fully autonomous, with no single point of control, and ultimately help AI and blockchain work together more seamlessly. The upcoming technology stack is part of the new Frax Universal Interface (FUI) proposed by Frax in its 2025 Vision Roadmap, which includes a strategy to become a decentralized central bank for cryptocurrencies. Other updates to the roadmap include rebranding its FRAX stablecoin and upgrading its network through a hard fork.
