PHALA (PHA)
Phala Network is a groundbreaking platform dedicated to serving as the Execution Layer for Web3 AI. It facilitates the interaction between artificial intelligence (AI) and blockchains, aiming to unlock the full potential of Web3 for a billion users worldwide. The network's distinctive multi-proof system addresses the challenges of AI execution, enabling the development of tamper-proof and unstoppable AI Agents that can seamlessly integrate with smart contracts via the AI-Agent Contract.
The role of Phala as the AI execution layer
| Ticker | PHA |
| Category | Artificial Intelligence (AI) |
| Website | https://phala.network/ |
| Contract Addresses | |
|---|---|
| ethereum | 0x6c...4e Copied! |
| sora | 0x00...f7Copied! |
Phala Network uses AI Agents to create a robust interface with blockchain technology. This innovation ensures that AI behavior aligns with user intentions and provides protection against fraudulent activities. By employing a Blockchain-TEE (Trusted Execution Environment) hybrid system, Phala allows AI Agents to function similarly to smart contracts. This system supports decentralized hosting, governance mediated by smart contracts, and protection of prompts, all achieved with minimal latency and without gas fees.
Features of Phala's AI execution layer
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Agentize Smart Contracts: Phala Network allows the development of AI Agents for smart contracts using both natural and programming languages. This feature enables the creation of intelligent, responsive contracts that can execute complex tasks autonomously.
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Connect to Multi-Agents: The network facilitates the accessibility of AI Agents to other cross-chain AI Agents, promoting interoperability and enhancing the functionality of these digital entities.
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Launch AI Agents and Earn: Users have the opportunity to own their AI Agents and participate in a profitable token economy, incentivizing innovation and adoption within the ecosystem.
Phala Network's AI ecosystem
Phala Network stands at the forefront of integrating Web3 and AI, offering various tools and platforms to foster this synergy.
AI Agent Contract
The AI Agent Contract is a cornerstone of Phala's ecosystem, providing a framework for building decentralized AI applications. This contract type empowers developers to create applications that leverage AI capabilities within a secure and decentralized environment, broadening the scope of what can be achieved with smart contracts.
Agent Wars
Agent Wars is a platform designed for the creation, interaction, and monetization of AI agents. It presents a dynamic environment where users can experiment with AI Agents, testing their capabilities and exploring new applications. This platform not only enhances user engagement but also contributes to the development of a vibrant AI economy.
Redpill
Redpill serves as an AI aggregator that optimizes various AI models, enhancing the network's overall computational power and usage. By streamlining multiple AI models, Redpill ensures efficient resource utilization, contributing to the robustness and scalability of Phala Network.
Phala Network's token: PHA
The native cryptocurrency of Phala Network is the PHA token. As of May 29, 2024, the circulating supply of PHA is 724,199,827 out of a maximum supply of 1 billion. This token plays a crucial role in the network's economy, being integral to transactions, governance, and incentivization within the platform.
Availability of PHA
PHA tokens can be acquired through major cryptocurrency exchanges such as Binance and Kraken. For a comprehensive list of platforms where PHA is available, users can refer to the CoinGecko PHALA listing page. This accessibility ensures that potential participants in the Phala Network ecosystem can readily obtain the tokens needed to engage with its innovative AI and blockchain solutions.
For more information about Phala Network and its offerings, interested parties can visit their official website.