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Many niches within the blockchain industry, particularly the decentralized finance (DeFi) sector, make extensive use of oracles — software that feeds data into smart contracts and web3 applications to update and track prices, verify off-chain data and enable a variety of cross-app communication activities. So far, the use of blockchain oracles has been limited to supplying only raw data.
Spectral is an innovative decentralized project. It champions the idea of oracles that provide not just data, but insights and inferences from artificial intelligence (AI) and machine learning (ML) models. Read on to learn about Spectral's innovative combination of AI and blockchain.
Key Takeaways:
Spectral is a decentralized platform whose flagship product, Spectral Nova, provides access to inferences from AI and ML model computations.
The Spectral platform also features a generative AI tool, Spectral Syntax, that produces smart contract programming code in the Solidity language based on textual prompts.
Spectral's native token, SPEC, powers its ecosystem and gives its holders governance capability. SPEC can be bought on Bybit as a Spot pair or USDT Perpetual contract.