Frax is developing a tech stack for AI agents on blockchain

Decentralized stablecoin protocol Frax Finance is developing an AI tech stack in partnership with the associated project IQ.

The “AIVM” tech stack, developed as a parallelized blockchain within the project’s Layer 2 rollup Fraxtal, utilizes a new proof-of-inference consensus system. The proof-of-inference mechanism leverages AI and machine learning models to validate transactions on a blockchain network.

Frax claims the AI tech stack will allow AI agents to become fully autonomous with no single point of control and ultimately help AI and blockchain collaborate more seamlessly. 

“Launching tokenized AI agents with IQ ATP on Fraxtal’s AIVM will be unlike any other launch platform thanks to this joint venture,” said Cesar Rodriguez, CTO at IQ. “Sovereign, on-chain [AI] agents that are owned by token holders is a 0 to 1 moment for crypto and AI.”

The upcoming tech stack is part of Frax’s new Frax Universal Interface (FUI) in its 2025 Vision Roadmap, which contains strategies to become the decentralized central bank of crypto. Other updates in the roadmap include rebranding its FRAX stablecoin and upgrading its network via a hard fork.

“Our 2025 Vision Roadmap is a bold step toward creating the infrastructure that makes DeFi intuitive, accessible, and scalable for the next billion users entering crypto,” Frax Finance founder Sam Kazemian said.

Last year, Frax Finance introduced its Layer 2 blockchain, Fraxtal, which incorporates decentralized sequencers that order transactions into batches in a roll-up network. It also rewards block space incentives to users who spend gas and interact with smart contracts on the network.