The Covalent (CQT) Network cryptographically obtained a structured dataset of over 215 blockchains, starting from their genesis block, to semantically decode and classify over 100 billion transactions of varying complexity.
This includes information sorting and structuring of each address, scalability of FT and NFT, DEX interaction, balance information presentation, etc., providing a solid foundation for the use, training and creation of products for artificial intelligence models.
The launch of ChatGPT and other large language model (LLM) applications has caused a stir, attracting widespread attention from users, businesses, and investors. Developers across industries are scrambling to understand what this technological leap means for them and how to prepare for the future with AI. The blockchain and Web3 space is certainly no exception, with players experimenting with everything from decentralized training to using more blockchain data to drive application innovation.
Covalent (CQT) provides rich blockchain data for artificial intelligence
Artificial intelligence/machine learning has always relied on large-scale structured data sets, and the latest LLM paradigm is no exception. The quantity and quality of this data determine the potential of artificial intelligence to change industries and enhance daily life, and Covalent (CQT) provides assistance for the combination of AI and Web3.
Covalent’s (CQT) dataset is constantly updated and growing with every block and every newly indexed chain. Today, thousands of diverse Web3 applications are already using this data, and with the new craze of AI, a new class of developers are interacting with the Covalent (CQT) network, which heralds the AI+Web3 application innovation.
Application cases of AI and Covalent (CQT)
AI and Covalent (CQT) have joined forces to break new ground and drive innovation in multiple crypto projects. Some of the applications are as follows:
1. Nomis.cc: Multi-chain reputation scoring protocol
Nomis.cc leverages users’ on-chain activity and uses mathematical modeling technology powered by machine learning to provide a scoring system for users’ wallets. Leveraging Covalents (CQT) rich historical data, Nomis.cc can make reputation scores more diverse and accurate to meet the needs of a wider range of Web3 verticals. Through the rich data provided by Covalent (CQT), users and Web3 projects can leverage wallet score data to achieve faster growth.
2. Network 3: Decentralized computing platform
Network 3 is redefining decentralized power computing, emphasizing security, transparency and efficiency. Powered by Covalent (CQT), Network 3 can create custom data models to achieve more granular insights into network performance and user interactions. This shift brings sustainable, scalable, and trustless computing solutions to the forefront.
3. Echooo: Next-generation Account Abstraction (AA) smart contract wallet
Echooo combines multi-party secure computation (MPC) and artificial intelligence technology to create a next-generation AA smart contract wallet powered by ERC-4337. Covalent (CQT) provides Echooo with a fully structured copy of all historical on-chain data, facilitating secure and intelligent decision-making within the wallet. This drives the future development of AI-driven decentralized finance.
4. StationX.network: Automating on-chain community workflows
StationX is a protocol that automates workflows for on-chain communities. Powered by Covalent (CQT), StationX can create custom data models, streamline contribution collection, issue ERC 20/NFT-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 big models
Covalents (CQT) broad range of data solutions covers nearly every imaginable use case for Web3 data. As AI applications mature and begin to flourish, Covalent (CQT) will play a key role in models that drive innovation, enhance security, and provide valuable insights into the Web3 world.
Covalent (CQT) is committed to providing a comprehensive and accessible blockchain data database, making it an indispensable resource for developers, enterprises, and users. As the Web3 landscape continues to evolve, Covalent (CQT) will keep up with AI trends, shape the future of technology, and promote the AI-driven Web3 revolution.
