Introducing FAIR: The Blockchain Revolutionizing AI Activity
FAIR is an innovative blockchain platform designed specifically for AI activity, offering a standard tailored to meet the unique needs of artificial intelligence agents. This evolution of Skale’s gas-free seamless network provides protection against Maximum Extractable Value (MEV) transactions, a crucial feature in today’s blockchain landscape.
The presence of AI agents in the digital space is steadily increasing, with many showcasing impressive analytical abilities and the potential to engage in trading or DeFi operations. While most AI agents currently operate within the infrastructure of public chains like Ethereum, Solana, and BNB Smart Chain, they are often exposed to risks such as front-running and MEV losses.
Recent on-chain data reveals that Ethereum still experiences over 32% of sandwich trades, along with frequent attempts at sandwich attacks. These vulnerabilities highlight the pressing need for a blockchain solution that can safeguard AI agents and users from malicious actors.
Eliminating MEV Risk with FAIR
FAIR sets out to address the inherent risks associated with MEV transactions by offering a blockchain platform that is specifically compatible with AI agents. By implementing cutting-edge technology like Blockchain Integrated Threshold Encryption (BITE) at the protocol level, FAIR ensures that transactions are secure and protected against front-running and other forms of exploitation.
Unlike traditional chains, FAIR provides a new execution environment optimized for high-frequency trading, institutional use, and AI-driven strategies. With features like asynchronous processing and fast database access, FAIR is poised to revolutionize the way DeFi and Web3 applications interact with AI technologies.
The FAIR ecosystem is designed to foster innovation and collaboration, offering a level playing field where users, including AI agents, can execute strategies without fear of manipulation or censorship. By providing tools for capital raising, prediction markets, voting, and more, FAIR aims to usher in a new era of decentralized finance powered by artificial intelligence.
Expanding the Skale Ecosystem with FAIR
FAIR represents the next phase of the Skale chain ecosystem, building upon the success of its predecessor. Existing SKL tokens will be burned to support FAIR validator nodes, while a new native FAIR token will be introduced on the L1 platform. To bridge the user bases of both networks, a portion of FAIR will be airdropped to SKL holders pending a governance vote, aligning the interests of the community.
Following this announcement, SKL tokens experienced a surge in value, reaching $0.02 and demonstrating strong market liquidity on platforms like Binance and HTX. Skale, a well-funded project backed by prominent investors like ConsenSys, Galaxy Digital, and Multicoin Capital, currently hosts approximately $300 million in total value locked, with plans to leverage FAIR to expand its app ecosystem and capitalize on the growing DeFi market.