Changpeng “CZ” Zhao on AI Tagging in Crypto: Potential Benefits and Future Developments

Changpeng “CZ” Zhao, the former CEO of Binance, has shared his thoughts on the potential benefits of using artificial intelligence (AI) tagging on-chain in the crypto industry. In a recent post, CZ highlighted the advantages of AI tagging, including the ability to speed up the crypto payment process and eliminate unnecessary bias.

CZ stated that “AI tagging (or AI data in general) is well fitted to be done on-chain. Harness low-cost labor globally without geographic bias, (micro) pay them in crypto instantly.” He also noted that the Binance solution BNB Greenfield already has the capacity for AI data integration.

Future Developments and Opportunities

CZ emphasized the need for more tooling to be built, saying “More tooling still needs to be built. Let’s build them.” This call to action suggests that there is still much to be explored and developed in the field of AI tagging on-chain.

Recommended Reading on AI and Blockchain

In a separate post, CZ responded to a question about recommended reading on AI and blockchain. He acknowledged that there is little literature on the topic, given its relative novelty. CZ stated that “It’s so new that there isn’t much literature. I have been trying to learn by talking to founders and developers in the space.”

Notable Examples of AI-Powered Innovations in Crypto

Several AI-powered innovations have emerged in the crypto sphere in the past year. Examples include:

  • Truth Terminal, an AI bot known for its obsession with internet memes, which inspired the creation of viral meme coins like GOAT and FARTCOIN.
  • Flavia, an AI-run token based on an artificial internet personality created by Trevor McFedries, co-founder and CEO of tech company Brud.
  • Injective‘s new software development kit called iAgent, which enables users to create on-chain AI agents capable of natural language processing for payments and trades, as well as automating interactions with databases, APIs, and applications.

CZ’s Future Plans and Interests

In his first public interview after being released from prison, CZ expressed his intention to use his time as a free man to explore emerging innovations in the crypto sphere, particularly artificial intelligence.

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