PHALA (PHA)
Phala Network is a platform designed as the Execution Layer for Web3 AI, allowing artificial intelligence to seamlessly interact with blockchains. This integration aims to unlock the potential of Web3 for the first billion users by offering a robust and secure environment for AI and blockchain interactions.
How Phala Network works
Agentize smart contracts
Phala Network provides the capability to develop AI Agents specifically for smart contracts. These AI Agents can be built using a combination of natural and programming languages. This feature allows developers to create tamper-proof and unstoppable AI Agents that can seamlessly integrate with smart contracts, enhancing their functionality and potential applications.
| Ticker | PHA |
| Category | Artificial Intelligence (AI) |
| Website | https://phala.network/ |
| Contract Addresses | |
|---|---|
| ethereum | 0x6c...4e Copied! |
| sora | 0x00...f7Copied! |
Connect to multi-agents
The platform also supports connectivity to multi-agents, making it possible for your AI Agents to interact with other cross-chain AI Agents. This connectivity fosters a collaborative environment where AI Agents can share information and capabilities across different blockchain networks, enhancing the overall efficiency and utility of the ecosystem.
Launch AI Agents and earn
Phala Network not only allows developers to own their AI Agents but also offers the opportunity to build a profitable token economy around them. By launching AI Agents on the platform, developers can monetize their creations, capitalizing on the growing demand for decentralized AI solutions.
Phala as the AI execution layer
Phala Network distinguishes itself by leveraging AI Agents to interface directly with blockchain technology. This approach ensures that AI behavior aligns with the intended actions and prevents fraudulent activities. Utilizing Phala's Blockchain-TEE hybrid system, AI Agents can operate like smart contracts, offering decentralized hosting and governance, protected prompts, and low latency without incurring gas fees.
Phala Network’s AI ecosystem
AI Agent Contract
The AI Agent Contract is a crucial component in Phala's ecosystem, providing the necessary tools for building decentralized AI applications. This platform empowers developers to create sophisticated AI-driven applications that can operate autonomously within a blockchain environment.
Agent Wars
Agent Wars is an engaging platform within Phala Network designed for users to create, interact with, and monetize AI agents. It serves as a dynamic arena where AI Agents can be tested and optimized for various applications, fostering innovation and collaboration within the community.
Redpill
Redpill functions as an AI aggregator within the Phala ecosystem, optimizing multiple AI models to increase network usage and computational power. This component plays a vital role in enhancing the overall performance of AI applications on the platform, driving greater efficiency and effectiveness.
Phala Network’s tokenomics
Phala Network operates with a maximum supply of 1 billion PHA tokens. As of May 29, 2024, the circulating supply stands at 724,199,827 PHA. This structured tokenomics model supports the sustainable growth and development of the Phala Network ecosystem.
Where to buy Phala (PHA)
PHA tokens are readily available on major cryptocurrency exchanges such as Binance and Kraken. For a comprehensive list of exchanges offering PHA, users can refer to the CoinGecko PHALA listing page. This widespread availability ensures that users can easily acquire and trade PHA tokens to participate in the Phala Network ecosystem.
For more detailed information and updates, users can visit the Phala Network website at https://phala.network/.