Project PAI launches world’s first personal AI blockchain app

Project PAI made an explosive move to the upside on Monday following the alpha release of the PAIYO app, which is the first social app on the firm’s native blockchain.

The Cayman Island-based firm released its token last May, raising a total of $150 million in a private sale.

The project uses an amalgamation of artificial intelligence and blockchain technology, with users being able to create their own verified 3D avatar that looks, sounds, and performs actions on behalf of the user.

The PAIYO app, which has been launched on PAI’s blockchain by partnered company ObEN, allows users to interact with other 3D avatars in an augmented reality virtual world.

The PAI token is issued on the company’s own native blockchain, which uses a Proof-of-Work protocol.

The implementation of artificial intelligence within blockchain technology has been on the rise over the past year. Malta’s annual blockchain summit has now been renamed as the “blockchain and AI summit“, while the likes of SingularityNET are continuing to launch AI projects on the blockchain.

Following the token sale in May, the Project PAI token began trading at $1.37 on Huobi and Bitfinex in July before succumbing to the pressure of the bear market in the following months.

As trading volume began to subside in December and January, the PAI token fell to as low as $0.027 before finally finding some relief last week. In the last week, it has risen by 91.64%, commanding daily trade volume of more than $10 million.

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