Injective, a Layer 1 blockchain built on the Cosmos ecosystem, has recently introduced the iAgent SDK, a tool that allows users to create their own on-chain artificial intelligence agents. This groundbreaking development merges AI technology with blockchain, providing users with a more accessible way to interact with decentralized applications (dApps) and automate complex processes. The iAgent SDK leverages advanced AI models, such as OpenAI’s ChatGPT, to execute tasks using natural language commands. Users can create multiple agents tailored to specific goals, streamlining activities for developers and traders alike.
The iAgent SDK aims to simplify blockchain interactions, particularly for users without technical expertise, by offering an intuitive way to command agents in plain English. This move comes at a time when concerns about the safety of AI technology have been raised, following Google’s recent backlash over its chatbot’s inappropriate response to a student. The iAgent SDK allows users to configure agents with unique parameters and perform tasks such as predictive analytics, trade automation, and fund management. By embedding AI into their workflows, users can unlock advanced capabilities that were previously limited to highly technical processes.
Injective Labs has provided comprehensive documentation for developers to implement iAgent, including setup instructions, creating commands, and customizing agents. The launch of iAgent aligns with Injective’s goal of improving accessibility to blockchain technology by integrating AI. The Layer 1 protocol aims to empower both technical and non-technical users by offering a more user-friendly experience for interacting with decentralized systems. Injective Labs CEO Eric Chen highlighted that the development of iAgent is part of a broader effort to blend AI with blockchain for financial applications.
The launch of iAgent coincides with fluctuations in the price of INJ, Injective’s native governance token. As of November 19, the token was trading at $24.68, showing a minor decline of 1.53%. Analysts have observed that the token is consolidating within a bullish pennant pattern, indicating a potential upward breakout. The immediate resistance level for INJ price is $26, with the next target projected at $34 if the price surpasses the pattern. However, the support at $22 is crucial for a sustained bullish rally, with technical indicators pointing to a continuation of the negative trend. The Stochastic RSI rating suggests that the market is recovering after being oversold, potentially leading to a bullish reversal.
