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Cryptocurrency News Articles
Sonic and Injective Labs Partner to Develop Cross-Chain AI Agent Platform
Dec 20, 2024 at 12:31 am
This initiative, dubbed the Smart Agent Hub, aims to merge the capabilities of Solana and Injective, creating a synergistic environment for AI agent development across blockchain ecosystems.
Sonic (gaming platform on the Solana blockchain) and Injective (Layer-1 blockchain) announced a partnership on Thursday to create what they claim is the industry's first cross-chain AI Agent platform.
The initiative, called the Smart Agent Hub, will combine the capabilities of Solana and Injective, creating a cross-chain environment for AI agent development.
The collaboration will see Sonic's HyperGrid technology used to create a dedicated Solana Virtual Machine (SVM) grid within Injective, enabling direct communication between the Solana and Injective networks via the Inter-Blockchain Communication Protocol (IBC).
This integration will allow Solana smart contracts to be executed on Injective, opening up new possibilities for interoperability.
A key aspect of the venture will be a bidirectional bridge to support the seamless transfer of assets, such as SOL and Injective (INJ) tokens, enhancing liquidity and user experience by allowing for both wrapped and native token transfers.
This setup will not only aim to simplify asset movement but also promises a unified experience for developers, allowing them to easily deploy Solana-based applications onto Injective.
Eric Chen, CEO of Injective Labs, said, "This industry needs infrastructure that breaks down chain-specific barriers. Our joint effort with Sonic creates a foundation for developers to build applications that leverage the best of both Solana and Injective ecosystems. Together, we're laying the groundwork for what we believe will be one of the most significant AI-driven innovations in all of Web3."
Speaking with Benzinga, Chris Zhu, Co-founder and CEO of Sonic, acknowledged the complexities in state synchronization and cross-chain messaging but highlighted that Sonic's existing HyperGrid infrastructure would be crucial in addressing these issues.
"With over 10 games already deployed on Sonic's network and numerous hackathon-incubated projects, we provide AI developers immediate access to a diverse gaming ecosystem ready to integrate AI agents," added Zhu, emphasizing the strategic advantage of Sonic's partnerships.
When asked about economic models and governance, Zhu outlined a system where gas fees on the Injective SVM grid would initially be paid in SOL, with a mechanism for revenues to be cycled back into the ecosystem through Injective's burn auction system.
On governance, he mentioned a token-based model designed to protect against manipulation by large token holders, ensuring a democratic approach to decision-making.
The partnership will see its first phase roll out in Q1 2025, with plans to integrate various sectors into the Smart Agent Hub, including gaming, decentralized finance (DeFi), and social platforms.
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