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GnosisDAO has recently announced the release of its exclusive division of Gnosis Labs. GnosisDAO asserted that Gnosis AI combines the features of the Web3 and AI sectors, intending to become a central hub facilitating AI agents in the Web3 world. The platform disclosed this development on its official social media account.
We are excited to introduce Gnosis AI, a division of Gnosis Labs working at the intersection of AI and web3!
— GnosisDAO (@GnosisDAO) July 30, 2024
Our vision is to make Gnosis the Schelling point for AI agents in web3.
Details ↓ pic.twitter.com/pesqvtDRes
GnosisDAO Releases Gnosis AI, Combining the Features of Web3 and Artificial Intelligence
In its latest X post, the firm expressed its excitement about this initiative. The platform noted that the chief focus of the project deals with prediction markets. As per GnosisDAO, this is the zone where the platform possesses a comprehensive experience since the initial coin offering thereof. Prediction markets are presently seeing less liquidity than the rest of the categories in decentralized finance.
These categories take into account decentralized exchanges with several viable applications. Such markets deal with forecasting, risk management, and decision-making with thorough insights supporting them. The main promise of the prediction markets is benefiting from the price mechanism and crowd wisdom to create highly precise event probabilities. These markets’ effectiveness depends on the availability of sensible market participants.
According to GnosisDAO, AI agents are the best to take part in prediction markets. The potential reason behind this is that these agents can complete tasks effectively and react to incentives. Keeping that in view, the platform’s team is reportedly creating dedicated trader agents to make progress within Gnosis. The respective agents respond to binary questions with the use of diverse strategies.
The Platform Determines to Constantly Improve Trading Agents to Attain Its ‘Truth Vision’
The top performers reportedly achieve almost $65% accuracy. “Social Agent” is one of the innovative AI agents of Gnosis. It works as a representative of public relations for trading agents by analyzing recent bets of the clients. GnosisDAO also expressed its commitment to consistently enhance the trading agents for the achievement of its “truth teller” vision.