Validation Cloud has launched a new AI engine, Mavrik-1, on the Hedera network, aimed at making decentralized finance (DeFi) data more accessible for users. The AI will allow users to query blockchain data through natural language, eliminating the need for technical knowledge. With DeFi representing over 50% of on-chain activities, the platform addresses the challenge of interpreting complex data, which existing tools struggle to simplify for casual users. Validation Cloud highlighted that although AI chatbots have emerged in the blockchain space, adoption has been slow due to barriers like high gas fees. The report notes that as the AI sector is projected to grow into a $15 trillion industry by 2030, integration with Web3 could enhance user trust and aid in overcoming adoption challenges. Despite the excitement surrounding AI applications in the crypto sector, there remain cautious investors awaiting further technological advancements.

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