Covalent (CQT) empowers AI with structured Blockchain data and accelerates Web3+AI innovation

The Covalent (CQT) Network cryptographically obtains a structured dataset of more than 215 blockchains that semantically decodes and classifies more than 100 billion transactions of varying complexity, starting with their genesis block.

These include information collation and structuring for each Address, scaling FT and Non-fungible Tokens, DEX interaction, balance information presentation, and more, providing a solid foundation for AI models to use, train, and create products.

The launch of ChatGPT and other large language model (LLM) applications has caused a stir, with a lot of attention from users, businesses, and investors. Developers across industries are scrambling to understand what this technological leap means for them and how they can prepare for the future with AI. The Blockchain and Web3 space is certainly no exception, with participants experimenting with everything from decentralization training to using more Blockchain data to drive application innovation.

Covalent (CQT) provides rich Blockchain data for artificial intelligence

AI/ML has always relied on large-scale, structured datasets, and the latest LLM paradigm is no exception. The quantity and quality of this data determines the potential of AI to transform industries and improve everyday life, and Covalent (CQT) powers the combination of AI and Web3.

Covalent’s (CQT) dataset is constantly updated and grows with each block and each new indexed chain. There are already thousands of diverse Web3 applications using this data today, and with the new boom in AI, a new class of developers is interacting with the Covalent (CQT) network, heralding AI + Web3 application innovation.

Use cases for AI and Covalent (CQT).

AI and Covalent (CQT) have joined forces to break new ground and drive innovation in several crypto projects, some of which are used in the following applications:

1. Nomis.cc: Multi-chain reputation scoring protocol

Nomis.cc leverages the user’s on-chain activity and employs machine learning-powered mathematical modeling techniques to provide a scoring system for the user’s Wallet. Leveraging Covalent’s (CQT) rich historical data, Nomis.cc can make reputation scores more diverse and accurate to meet the needs of the broader Web3 vertical. With the rich data provided by Covalent (CQT), users and Web3 projects can leverage Wallet Rating Data for faster growth.

2. Network 3: Decentralization computing platform

Network 3 is redefining the computation of decentralization power, emphasizing security, transparency, and efficiency. Powered by Covalent (CQT), Network 3 can create custom data models that provide more granular insights into network performance and user interactions. This shift is bringing sustainable, scalable, and trustless computing solutions to the forefront.

3. Echooo: Next-Generation Account Abstraction (AA) Smart ContractWallet

Echooo combines MPC (MPC) and artificial intelligence technologies to create a next-generation AA Smart ContractWallet powered by ERC-4337. Covalent (CQT) provides Echooo with a complete structural copy of all historical on-chain data, facilitating secure and intelligent decision-making within the Wallet. This advances the future of AI-powered DeFi.

4. StationX.network: Automates on-chain community workflows

StationX is a protocol that automates workflows for the on-chain community. With the support of Covalent (CQT), StationX can create custom data models that simplify contribution collection, issue ERC 20/Non-fungible Token-based membership Tokens, and automate day-to-day operations. This enables the on-chain community to operate more efficiently and transparently.

CQT provides big data for large models

Covalent’s (CQT) wide range of data solutions covers virtually every conceivable use case for Web3 data. As AI applications mature and begin to thrive, Covalent (CQT) will play a key role in driving innovation, enhancing security, and providing valuable insights into the Web3 world.

Covalent (CQT) is committed to providing a comprehensive and accessible database of Blockchain data, making it an indispensable resource for developers, businesses, and users. As the Web3 landscape continues to evolve, Covalent (CQT) will keep up with AI dynamics, shape the future of technology, and drive the AI-driven Web3 revolution.