Fetch AI (FET) Advances Blockchain Monitoring with BlockAgent and Chainlink (LINK) Integration
Jessie A Ellis May 15, 2024 03:22
Fetch AI introduces BlockAgent, a new tool for real-time blockchain activity monitoring, with new Chainlink integration for powerful Web3 activity monitoring.
Fetch AI (FET), a renowned AI and blockchain platform, unveiled BlockAgent, a significant advancement in blockchain monitoring. This innovative tool allows users to observe and monitor real-time blockchain activities, thereby enhancing their strategic deployment in the Web3 ecosystem.
Revolutionizing Blockchain Monitoring with BlockAgent
BlockAgent serves as an automated tool for collecting real-time transaction data on behalf of users and integrates it directly into users' systems. This development presents a significant leap in blockchain observability. The tool is designed with an intuitive and customizable interface, addressing the needs of developers working with smart contracts across different blockchains.
To enhance the user experience and simplify blockchain data, BlockAgent leverages Fetch.ai's AI Agent technology for real-time monitoring. It allows users to set up notifications and alerts for smart contracts, provides deep insights into contract executions and state changes, records token transfers, and emits events when new external data is available.
Chainlink Integration for a Seamless User Experience
BlockAgent also announced its integration with Chainlink, a decentralized oracle network. This integration allows users to retrieve historical price data via a Chainlink-integrated Fetch.ai agent. Users can provide a supported asset name from Chainlink's documents, and DeltaV's LLM interface picks up the ticker symbol, enabling the retrieval of data from multiple chains such as Ethereum, Polygon, or Arbitrum.
Unleashing New Use Cases
BlockAgent's innovative features open up a variety of use cases, such as NFT marketplace monitoring, copy trading, portfolio tracking, and more. Users can leverage BlockAgent to create and deploy an agent that streams specific NFT contract transactions, execute trades when specific conditions are met, and monitor trades on specific liquidity pools and decentralized exchanges.
Additional use cases include facilitating efficient trading on decentralized exchanges, managing governance actions for DAOs, tracking changes in user identity within decentralized applications, and providing authentic records for regulatory compliance.
AI at the Core: Fetch.ai's AI Agents
Fetch.ai's AI Agent technology powers BlockAgent's innovation. These AI agents offer real-time insights across multiple blockchains, adapting to the user's specific needs. They facilitate a more intelligent, responsive platform that can anticipate and react to the dynamic landscape of blockchain data, setting a new standard in the field.
Users can select various types of blockchain transactions according to their specific needs, deploy an AI agent on Agentverse tailored to their specifications, and leverage BlockAgent's advanced features to receive real-time transaction data.
BlockAgent's Future Prospects
BlockAgent, still gearing up for its public release, already supports major blockchains like Ethereum and Polygon. The roadmap includes plans to expand this support to other significant chains such as Solana and Avalanche. With its potential to empower developers, the future of blockchain monitoring looks promising with BlockAgent.
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