TechFlow reports that IQ.wiki, the blockchain encyclopedia, has announced its Web 3.0 Metaverse Knowledge Fund, BrainDAO, has deposited $10 million worth of ETH as collateral into Frax Ether, the liquid staking derivative (LSD) of Frax Finance. This move generates revenue for BrainDAO, with all profits from Frax Ether validators distributed to sfrxETH holders.
BrainDAO has established a $26 million fund to support the development of new products such as IQ Code.
IQ Code is the first AI model specifically designed for smart contracts, aiming to audit and generate smart contract code, with an expected launch in 2024. It will initially offer smart contract auditing capabilities, followed by smart contract code generation.
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