GnosisDAO recently announced the release of its exclusive division of Gnosis Labs. GnosisDAO claimed that Gnosis AI combines the features of the Web3 and AI sectors, aiming to become a central hub that facilitates AI agents in the Web3 world. The platform announced this development on its official social media account.
We proudly introduce Gnosis AI, a division of Gnosis Labs that works at the intersection of AI and web3!
Our vision is to make Gnosis the Schelling point for AI agents in web3.
Details ↓ pic.twitter.com/pesqvtDRes
— GnosisDAO (@GnosisDAO) July 30, 2024
GnosisDAO releases Gnosis AI, combining the features of Web3 and artificial intelligence
In its latest X-post, the company expressed its enthusiasm about this initiative. The platform noted that the main focus of the project is on prediction markets. According to GnosisDAO, this is the area where the platform has extensive experience since its first coin offering. Prediction markets are currently seeing less liquidity than the rest of the decentralized finance categories.
These categories take into account decentralized exchanges with different viable applications. Such markets are concerned with forecasting, risk management and decision making, with deep insights supporting these. The main promise of the prediction markets is to take advantage of the price mechanism and the wisdom of the audience to create highly accurate probabilities of events. The effectiveness of these markets depends on the availability of sensible market participants.
According to GnosisDAO, AI agents are best for participating in prediction markets. The possible reason behind this is that these agents can effectively complete tasks and respond to stimuli. With that in mind, the platform’s team is reportedly creating dedicated trading agents to make progress within Gnosis. The respective agents respond to binary queries using different strategies.
The platform is committed to continuously improving trading agents to achieve its ‘truth vision’
The top performers reportedly achieve an accuracy of almost $65%. “Social Agent” is one of Gnosis’s innovative AI agents. It works as a public relations representative for commercial agents by analyzing recent bets made by the clients. GnosisDAO also expressed its commitment to consistently improve its commercial agents to achieve its “truth-teller” vision.