As quarter 3 of 2024 came to an end, we would like to provide an update on BlockAI (BAI) progress based on the previously shared roadmap. As a reminder, the roadmap was initially designed to give our community members an idea of the upcoming plans. However, we have emphasized that our approach is agile, allowing us to adapt to needs and priorities as they arise.
Cross-Chain Token Bridge
As a multi-chain project currently available on BNB, Base, and Waves, it’s essential to provide an option for token holders to bridge their $BAI across these chains. The bridge is nearly complete and has been deployed on Testnet. We plan to share it publicly soon, and may offer bounties to those who help us test it.
As for the Mainnet deployment, this will take more time. A bridge is a critical component, and it requires extensive testing and a proper external audit before its public release.
R&D (Research & Development)
Solana
In our Research & Development efforts, we explored the possibility of deploying BlockAI (BAI) on the SOLANA platform. While Solana could be a good match, it requires adjustments to our approach to data storage. Additionally, Solana’s callback system would need a distinct approach based on its unique infrastructure.
We are currently working on a deployment to the Solana Testnet and will evaluate progress from there.
First On-Chain AI Proof of Concept
As part of our on-chain AI R&D efforts, our collaboration with a university has yielded promising results. Early findings show that smaller neural networks can successfully operate directly on-chain. We’ve successfully ported our off-chain 3-in-a-row contract and a neural network designed to solve car insurance cases onto the Waves network as fully on-chain versions.
Ongoing research is focused on extending this work to EVM-based blockchains, along with an in-depth cost analysis of these implementations. We are also supporting a master’s thesis in this area, with final results expected by mid-next year, which will culminate in a scientific publication on the subject.
First Blockchain AI Game MVP
We also focused on developing a demo that illustrates our approach to bridging AI and blockchain through a Web3 game. We released a simple Tic-Tac-Toe demo on the Waves Mainnet, with $BAI tokens available as prizes.
You can try it here: Tic-Tac-Toe Demo.
Questions, Options, & Criteria Product
Our final R&D project of the quarter involved the development of the “Questions, Options, & Criteria” product. The demo is nearly ready and should be released on Testnet in the coming weeks.
Extending MVP to Full Product
Due to our research on SOLANA and other factors, we have decided to keep the platform in the MVP (Minimal Viable Product) phase. We aim to implement some significant changes first, including storing larger AI text request results on IPFS rather than automatically on-chain. This would only apply to standard requests, while Dapp-to-Dapp calls will continue to store results on-chain, along with a new fee system.
As a result, this part of the roadmap is delayed and moved to next year.
Adding New Features, LLM, and AI Models
During Q3, we introduced several updates to the platform, including a feature that allows users to pre-approve or revoke spending on EVM chains from the web app. This reduces the cost of using our services.
We also added support for the LLaMA 3 model, an open-source model developed by Meta, known for its high performance and affordability, making it the most cost-effective AI text option on our platform.
We also suggested adding Claude 3.5 (Sonnet AI), but this did not generate enough interest from the community, so we have postponed that initiative for now.
Hiring a Business Development Manager and Product Adoption
A few months ago, we began working with various partners to focus on business development and product adoption. Although the product remains in the MVP stage, we are finalizing the steps necessary to move beyond MVP and will push for more extensive public adoption afterward.
We are currently in discussions with potential marketing partners to bring unprecedented visibility to BlockAI.
Partnership Campaign
BlockAI BAI has been very active and successful in securing critical partnerships and support. We’ve been accepted into prestigious startup programs, including:
- Google Cloud for Startups
- MongoDB
- QuickNode
- IBM
- GitHub for Startups
- GitLab
- Atlassian (Bitbucket/Jira)
Community Initiatives Program
Our Community Initiatives Program, aimed at supporting community-driven projects such as content creation and tool development, did not receive substantial suggestions during Q3. This initiative will be revisited early next year as the product becomes more advanced.
Conclusion
The next few quarters will involve significant development efforts and a major focus on increasing visibility and product adoption. We may release an updated roadmap, though, like the previous one, it will serve as a guide and will adapt as needed as we move forward.
BAI Team
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