Frax is developing a technology stack for AI agents on the blockchain

Decentralized stablecoin protocol Frax Finance announced that it is working with its affiliated project IQ to develop an AI technology stack. The "AIVM" technology stack is a parallel blockchain developed within the project's Layre2 rollup protocol Fraxtal, which uses a new proof-of-reasoning consensus system. The proof-of-reasoning 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 more seamlessly. The upcoming technology stack is part of Frax's new Frax Universal Interface (FUI) as part of 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. (The Block)