Atua developer pledges $100m fund to develop AI tools for Ripple platforms

Atua AI platform developer KaJ Labs has announced a $100 million investment in creating advanced AI solutions for the XRP ecosystem.

According to the press releaseKaJ’s investment is intended to be used to drive the adoption of AIdriven solutions and adapt its capabilities to fit the decentralized finance and enterprise operations landscape found in the Ripple (XRP) ecosystem.

Atua AI is known as an on-chain business platform that uses artificial intelligence-based technology to improve business operations. By integrating Atua’s AI technology with that of XRP blockchain technology, the platform hopes to bridge the gap between blockchain technology and AI.

The $100 million investment will be allocated for research and development, training of AI models, and deployment of AI solutions specifically tailored to the needs of XRP-based platforms.

“This move is set to strengthen the company’s capabilities, offering real-time analytics, predictive insights, and automated workflows to businesses using Ripple’s decentralized framework,” Atua AI wrote in its statement press.

By focusing on the Ripple ecosystem, KaJ Labs seeks to leverage the infrastructure benefits of decision-making process for businesses around the world.

With this investment, KaJ Labs hopes to contribute to the growing trend of companies combining blockchain and AI technologies, opening up more opportunities for innovation in the crypto sector.

As previously reported by crypto.news, a analysis by Syncracy Capital revealed that Crypto x AI represents only 1% of the total crypto market capitalization. Syncracy Capital co-founder believes the sector has the potential to grow 10x as AI agent platforms are entering the crypto industry.

Most recently, blockchain tool developer Tools for Humanity teamed up with artificial intelligence startup Modulus Labs to improve the security and scalability of Layer 2 network World, formerly known as World Currency.