Kava, a leading blockchain company renowned for its innovative solutions, has achieved a significant milestone with its Kava AI solution surpassing the 100,000-user mark. This achievement underscores the widespread adoption and appeal of Kava's vision for decentralized artificial intelligence (AI).
Kava AI: A Decentralized and Open-Source AI Tool
Kava AI sets itself apart from traditional centralized AI services by utilizing decentralization and open-source technology to empower users. The solution, which is cross-chain compatible with Ethereum and BSC, supports multiple EVM wallets and features tools to help create trading strategies and manage portfolios in DeFi.
Its AI features can now perform a range of operations, including cryptocurrency tasks, smart contracts, and decentralized finance applications.
"This Is a Groundbreaking Moment for Blockchain"
In a statement, Scott Stuart, founder of Kava, expressed his enthusiasm for this milestone. "Surpassing 100,000 users is a powerful validation that this approach resonates deeply and delivers real value," he said.
This integration aims to unlock more capabilities in the decentralized finance industry. The new tools will assist users in identifying opportunities in transactions such as swaps, lending, and staking.
Partnership with DeXe for Enhanced Infrastructure
Another significant development is Kava's partnership with DeXe, a rapidly growing decentralized infrastructure provider, to further enhance Kava AI's capabilities. This partnership will enable Kava AI to leverage DeXe's infrastructure, fostering the development of transparent and community-driven systems.
Kava is a blockchain company that combines the strengths of Ethereum and Cosmos to create a hybrid chain with the security of the former and the speed and low transaction costs of the latter. Its DeFi ecosystem holds over $201 million in total value locked (TVL), with the leading participants being Mint, Lend, Earn, and Liquid. It holds over $131 million in assets. The KAVA token has a market cap of over $472 million.
