Fetch AI (FET), a renowned AI and blockchain platform, has unveiled BlockAgent, a groundbreaking advancement in blockchain monitoring. This innovative tool allows users to observe and monitor real-time blockchain activity to enhance strategic deployment in the Web3 ecosystem.
Blockchain monitoring innovation through BlockAgent
BlockAgent acts as an automated tool that collects real-time transaction data on your behalf and integrates it directly into your systems. This development represents a significant leap forward in blockchain observability. The tool is designed with an intuitive and customizable interface to address the needs of developers using smart contracts on various blockchains.
To improve 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 insight into contract execution and state changes, records token transfers, and emits events when new external data becomes available.
Chainlink integration for a seamless user experience
BlockAgent also announced integration with Chainlink, a decentralized oracle network. This integration allows users to retrieve historical price data through Chainlink-integrated Fetch.ai agents. Users can provide an asset name, which is supported in Chainlink’s documentation, and DeltaV’s LLM interface can select ticker symbols to retrieve data from multiple chains, such as: EthereumPolygon or Arbitrum.
New use cases launched
BlockAgent’s innovative features open up a variety of use cases such as NFT market monitoring, copy trading, portfolio tracking, and more. Users can utilize BlockAgent to create and deploy agents that stream transactions on specific NFT contracts, execute transactions when certain conditions are met, and monitor transactions across specific liquidity pools and decentralized exchanges.
Additional use cases include facilitating efficient trading on decentralized exchanges, managing governance operations for DAOs, tracking user identity changes within decentralized applications, and providing real-world records for regulatory compliance.
AI at its Core: Fetch.ai’s AI Agent
Fetch.ai’s AI Agent technology powers BlockAgent’s innovation. These AI agents provide real-time insights across multiple blockchains tailored to your specific needs. This sets a new standard in the field by promoting a more intelligent and responsive platform that can predict and respond to the dynamic environment of blockchain data.
Users can choose from different types of blockchain transactions based on their specific requirements, deploy AI agents to their specifications on Agentverse, and take advantage of BlockAgent’s advanced features to receive real-time transaction data.
BlockAgent’s future prospects
Still preparing for public launch, BlockAgent already supports major blockchains such as Ethereum and Polygon. The roadmap includes plans to extend this support to other important chains such as Solana and Avalanche. With the potential to empower developers, the future of blockchain monitoring looks promising with BlockAgent.
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