PowerPool 2.0: Strategic Vision Update, Capturing the AI Agent Market

PowerPool is a decentralized network of Keepers (nodes that automatically execute on-chain strategies and operations), now launching PowerPool 2.0. This update aims to significantly expand the use cases for Keepers and simplify the automation process of AI agent decision execution. More importantly, for developers and users, PowerPool 2.0 enables AI agents to operate smoothly within the blockchain ecosystem by integrating off-chain triggers with on-chain activities, allowing AI agents to execute their off-chain decisions on-chain.

AI Agents Fill the Market

The AI market is expected to grow significantly, from $40 billion in 2022 to $1.3 trillion over the next decade, driven by the growth of AI applications such as Google’s Bard and OpenAI’s ChatGPT, as well as increasing demand for software sales.

As we witness the growth of the AI market, particularly in the context of AI agents, the architecture of the PowerPool network makes it possible to develop off-chain triggers that initiate task execution and make API calls to obtain necessary data. This opens up tremendous possibilities for allowing AI agents to execute trades based on their decision-making processes.

PowerPool serves as the DePIN layer for AI agent protocols, facilitating AI trade execution. By reliably and cost-effectively transferring AI decisions from off-chain to on-chain updates, PowerPool enhances its value and user experience.

Recently, AI, particularly pre-trained AI agents on existing data, has garnered widespread attention. These agents can provide a variety of services to end users, including content creation and demand-driven decision-making.

These agents can automate many time-consuming tasks, including scientific applications, business decisions, and content generation. When analyzing off-chain and on-chain data to implement automated trading strategies and generate yields, Web3 AI agents have demonstrated encouraging capabilities. However, decisions can only be realized on-chain when AI-triggered trades are added to the block.

PowerPool's Vision for Web3-Focused AI Agents

Utilizing the AI agent protocol API, PowerPool promotes the protocol's launch by providing a wide range of transaction execution services. PowerPool's diverse executors, Keepers, ensure ease of operation and reliability, while its decentralized and permissionless network guarantees robustness and autonomous operation.

Its primary goal is to make the practical application of AI agents in Web3 possible by providing a reliable AI operation infrastructure and optimizing the user experience for AI strategy agents. With the emergence of the Web3-focused AI industry and the necessity of executing AI operations on blockchain networks, PowerPool has significant growth opportunities.

Vasily Sumanov, Head of Research at PowerPool, stated: "Our main goal is to facilitate the practical application of AI agents in Web3 by providing a reliable AI operation infrastructure and simplifying the user experience for AI strategy creators. The expansion of the Web3-focused AI sector and the fundamental requirement to execute AI operations on blockchain networks create tremendous growth opportunities for PowerPool."

The Impact of the New AI-Focused Vision on the Value of the PowerPool Protocol

The PowerPool protocol holds significant value for the effectiveness of AI agents, as it can execute strategies and trades on behalf of users (including AI agents). This functionality makes low-cost communication with Web3 protocols easier, thereby enhancing the overall value of the protocol, especially for networks with low transaction fees, large user bases, and ample liquidity, as they are the ultimate layers for transaction growth.

Important variables affecting transaction execution on the protocol include the number of L1/L2 chains, clients, third-party protocols, integrated PowerPool template tasks, and AI agents using PowerPool for on-chain operations.

Vasily also added: "For networks with low transaction fees, a large user base, and significant liquidity, PowerPool is the ultimate layer for transaction growth. It unlocks new use cases on top of automated strategies and AI decision implementation, increasing transaction volume and user convenience."

AI agents can create strong demand for transaction execution without the need for complex interfaces or specialized product UIs. Thus, PowerPool begins to operate as an agent network for the Web3 AI market, earning a portion of the gas fees paid by AI agents for on-chain transactions.

About PowerPool

PowerPool was the first to introduce functional DeFi indices and meta-governance concepts in 2020. Today, as an established DePIN layer, PowerPool provides a decentralized network composed of Keepers/Bots focused on autonomously executing complex multi-chain transactions. This capability makes PowerPool the perfect infrastructure layer for AI agents operating in Web3, enabling them to seamlessly execute on-chain operations based on off-chain and on-chain data analysis.

With PowerPool, AI agents can utilize its transaction execution as a service, simplifying the deployment and operation of AI-driven strategies while enhancing reliability and efficiency. This helps PowerPool drive the integration of AI technology into decentralized networks, supporting a new wave of automation and intelligent applications in blockchain.