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Home » Artela Network Introduces First Layer 1 Blockchain for On-Chain AI

Artela Network Introduces First Layer 1 Blockchain for On-Chain AI

Mainnet and Token Launch

Kelly Cromley by Kelly Cromley
Jan 16, 2025
in Market News, News
Reading Time: 2 mins read
0
Artela Network

Artela Network has officially launched its mainnet, establishing itself as the first Layer 1 blockchain to support on-chain AI agents. The network has also introduced its native token, $ART.

As part of this launch, users can now configure their wallets with the mainnet details through ArtHome and Chainlist channels. Additionally, token-related data queries can be performed via Artela and OKX browsers, facilitating seamless access to blockchain information. The network has provided specific details for adding the Artela Mainnet to wallets, including the ChainID and RPC link, ensuring a streamlined connection process.

Alongside the mainnet introduction, the platform has unveiled the Artela Governance Dashboard, which is designed to provide users with essential tools for staking and ecosystem governance. This initiative aims to enhance community participation and decision-making within the network.

Expanding Ecosystem and Interoperability

The Artela ecosystem has already seen the deployment of over 50 native projects, reflecting rapid expansion and innovation. Notable projects within this ecosystem include Artexswap, Artemis, Meridian, Symmetric, Accumulated, and ArteFarm. These initiatives highlight the network’s commitment to fostering blockchain development and adoption.

In a move to enhance cross-chain functionality, Artela has collaborated with Hyperlane to introduce the Artela Mainnet Bridge. This bridge is set to officially launch on January 17, reinforcing interoperability between different blockchain networks and expanding Artela’s reach within the decentralized finance (DeFi) space.

AI Agents Gaining Traction in the Crypto Industry

The emergence of AI agents in the cryptocurrency industry has gained significant attention, with reports indicating a substantial increase in market activity. Data suggests that the AI agent sector has experienced a surge of over 20% in the past 24 hours, signaling growing investor interest and technological advancements.

At present, the sector is showing an 18% increase in overall value. Several AI-focused cryptocurrencies have recorded significant gains, with VIRTUAL rising by approximately 28%, AI16z showing a nearly 8% increase, FARTCOIN appreciating by around 21%, GRIFFAIN climbing by close to 29%, and AIXBT advancing by nearly 27%.

Furthermore, DeFAI and DeSci (Decentralized Science) have also reported growth, with respective increases of 21% and 2%. These developments underscore the expanding role of AI-driven solutions in the blockchain space and highlight the growing intersection of artificial intelligence and decentralized technologies.

With the successful launch of its mainnet and continued ecosystem expansion, Artela Network is positioning itself as a key player in both AI and blockchain innovation. The network’s initiatives are expected to drive further adoption and technological advancements, paving the way for broader integration of AI agents within the decentralized economy

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