TechFlow reports that Function X, the decentralized physical payment blockchain network launched by Pundi X, has announced the launch of its first artificial intelligence (AI) innovation fund. The Function X AI Innovation Fund will allocate 10 million $FX tokens to incentivize AI developers to build projects on Function X's Layer 1 blockchain, f(x)core.
The fund aims to encourage AI projects to leverage f(x)core for infrastructure development, more efficient data processing, AI model training and validation, as well as developing predictive analytics and generative AI and large language model applications for blockchain.
To ensure alignment with Function X's core values, the fund has established a rewards mechanism. Funding will be distributed based on specific milestones, including time-bound commitments, native development on Function X, over 200 unique users, and over 5,000 social media followers.
