Hi Function X and Pundi X community,
AI is definitely the next big thing in tech, and it’s going to play a huge role in blockchain development. The integration of AI with blockchain promises to enhance security, optimize data processing, and streamline operations, creating more efficient and intelligent decentralized systems. This synergy will likely drive innovation and open new possibilities for industries worldwide.
We are deeply committed to leveraging the transformative potential of artificial intelligence (AI) using blockchain. Our team is actively not only engaging with other AI project partners to integrate more AI elements into our ecosystem. One of our latest collaborations is with GT Protocol, the leading blockchain AI protocol, which you can read about here. We will have one more AI partnership announcement this month.
To this end, we would like to propose an AI Innovative Fund dedicated as an initiative to encourage AI projects and developers to build in the FXCore growing ecosystem and enhance the capability of the Pundi X payment platform.
The AI project can range from using f(x)core for AI infrastructure, data, modelling to its application, i.e. in one of the following areas.
- Using blockchain as infrastructure for AI.
- Using blockchain for more efficient data processing
- Using blockchain for training and validating AI models.
- Predictive analytics for blockchain applications.
- GenAI and LLM applications for blockchain
Fund allocation: Requesting for 10,000,000 $FX ($1,200,000) grants to fund this initiative.
Please note that this number represents the total budget for the AI initiative fund, and will only be allocated to projects that meet the milestones and criteria established by the relevant parties.
Reward structure:
Our funding structure is designed to ensure that these projects align with our core values of innovation and community benefit. The fund will be distributed when the following milestones are achieved.
Eligibility criteria:
-
Sustainability
We require the project to launch at least 1 month on the Pundi X ecosystem, before they can apply for the funding. The project owner is also required to commit to build on the Pundi X ecosystem for at least 24 months. -
Native project
The project can be natively built on the Pundi X ecosystem, or migrated from another chain. We will prioritize the project that is natively built on the Pundi X ecosystem. -
Innovation
Uniqueness and originality of the AI solution. -
Market entry plan
A plan on how to enter the market to recruit users/customers, including marketing, PR, social media, long-term engagement plan to promote products on PundiFX or Pundi X Platform -
Market Potential
Potential to address significant market needs or problems. -
Scalability
Ability to scale the solution and achieve widespread adoption. -
Team Capability
Expertise and experience of the startup team. -
User generation
Daily active AI tool users exceeding 200-1000 (initial target range) -
Roadmap
Product roadmap is required and how it can contribute to the FXCore github repository and tech specs. -
Community engagement
The project has an active community on X, Github, Linkedin or other social media platforms. The accounts should be verified and the number of followers on one of the social media platforms should be exceeding 3,000 followers.
If the AI project is planning to launch a token, the project team should embody best practices at every step of the development process. As an example, the contracts must be verified. If the token is natively launched on FXCore, the contract creator’s address should have gone through community due diligence.
Your insights are invaluable as we shape our AI funding proposal. Your feedback will ensure we address community needs and maximize benefits for both Function X and Pundi X ecosystems. We invite you to share your thoughts and help us create a robust, inclusive strategy. Thank you for contributing to our collective future 
