SOL price surging after Solana ChatGPT plugin unveiled

• Solana users will soon be able to interact with the network through a ChatGPT plugin.
• Users can use the plugin to check wallet balances, transfer Solana-native tokens, and buy NFTs.
• Developers are also encouraged to test using the plugin to retrieve on-chain data.

At press time, SOL price was up 7.33% 34 hours after Solana announced through a tweet that “Solana Labs has created an open-source reference implementation for a ChatGPT plugin that lets users interact with the @solana network directly from ChatGPT.”

(1/2) Solana Labs has created an open-source reference implementation for a ChatGPT plugin that lets users interact with the @solana network directly from ChatGPT.

Users will be able to check wallet balances, transfer tokens, and purchase NFTs once ChatGPT plugins are available. pic.twitter.com/08z1IX76zJ

— Solana Labs (@solanalabs) April 25, 2023

The news comes two weeks after Solana unveiled yet another achievement, the crypto-first ‘Saga’ android phone, which will be available for customers to purchase from May 8. Solana Network has seen increased activity over the recent past causing the price of its native token SOL to rise by more than 11% in the last 30 days.

Solana ChatGPT plugin use

The open-source reference implementation for a ChatGPT plugin marks Solana’s entry into the world of artificial intelligence (AI). Announcing the plugin, Solana Labs noted that it would allow users to interact with the Solana network directly from OpenAI’s ChatGPT.

Since its launch in November 2022, ChatGPT has quickly attracted global popularity mainly because of its AI-powered chatbot, which generates sophisticated responses to any request. In the wake of the ChatGPT, several other companies have started leveraging AI technology including players in the crypto sector as they seek to enhance user experience.

Besides allowing users to check wallet balances, transfer Solana-native tokens, and buy non-fungible tokens (NFTs), the ChatGPT plugin will also allow developers to build AI-powered applications on the Solana network.

Grants to AI developers

Solana Foundation also announced that it will be allocating grants to its ecosystem teams building AI tools on the Solana blockchain.

According to the foundation, the teams or individuals will be able to seek from $5, 000 to $25,000 grants from a $1 million fund.