Ethereum Foundation Launches AI Initiative
The Ethereum Foundation has unveiled a dedicated team focused on artificial intelligence (AI) with the goal of establishing Ethereum as the primary platform for settlement and coordination within the burgeoning machine economy. This new team, led by research scientist Davide Crapis, will collaborate closely with both the Protocol and Ecosystem divisions of the Foundation.
Focus Areas of the dAI Team
The Foundation has outlined two key objectives for the dAI Team. The first aim is to equip AI agents and robots with the means to transact, coordinate, and adhere to regulations without the need for intermediaries, a concept the Foundation refers to as the AI Economy on Ethereum. The second goal is to ensure that the development of AI is not reliant on a handful of centralized platforms by advocating for open, verifiable, and resistant alternatives, which the Foundation calls the Decentralized AI Stack.
Bridging Blockchain and AI
In a recent announcement, Davide Crapis emphasized the team’s mission to connect blockchain technology with AI agents. He articulated the importance of AI in shaping the future for humanity and the role it will play in expanding Ethereum’s applications. Crapis described AI as a new frontier for Ethereum, distinguishing it from previous trends like decentralized finance (DeFi). He assured that the team is committed to creating technologies that enhance the interoperability of AI agents on the blockchain.
Development of the ERC-8004 Standard
The dAI Team will concentrate on developing the ERC-8004 standard, designed to make AI agents discoverable, verifiable, and capable of transactions within the Ethereum ecosystem. This standard is anticipated to be finalized by November and will be introduced at the upcoming Devconnect event in Buenos Aires. Additionally, the Foundation has indicated that the dAI Team will collaborate on related standards and updates, while also directing funding towards open-source initiatives that support agent identity, reputation, and coordination.
Ethereum’s Values Supporting AI Transactions
The Ethereum Foundation stated that this new initiative aligns with its core principles and philosophy of decentralized acceleration. The organization underscored its commitment to neutrality, verifiability, and censorship resistance, all of which contribute to creating a suitable environment for transactions involving AI agents. They highlighted that Ethereum’s trustworthiness can enhance the utility of AI, and vice versa, suggesting that neutral settlement solutions could facilitate a shift away from centralized systems.
Future Plans and Collaborations
The Foundation plans to release job openings and resources to expand the project and establish research partnerships with companies in Silicon Valley. The team aims to integrate research, protocol development, and ecosystem funding to advance the synergy between AI and blockchain technologies. By establishing standards, a settlement layer, and financing for decentralized agent infrastructure, Ethereum is positioning itself as a foundational platform for future machine-to-machine interactions and the expanding agentic economy.
Ethereum Token Price Update
Currently, the price of Ethereum’s token has decreased by 2.2%, trading at $4,508.95. Over the past month, it has experienced a 0.9% decline but maintains a year-to-date increase of 36.14%. Analysts have projected that Ethereum’s price could average around $4,551 by the end of 2025, with potential peaks reaching $4,800. Long-term forecasts suggest that the token could range between $38,150 and $49,492 by 2031.
Market Dynamics Influencing Price Predictions
A recent report indicated that Ethereum’s price might consolidate at $4,682, with support levels expected around $4,420 or $4,505 as bearish trends develop. Future estimates predict the token could trade at approximately $7,492 by 2026, climb to over $10,200 by 2027, and exceed $15,800 by 2028. The report identified Ethereum’s crucial role in DeFi, ongoing Layer 2 scaling efforts, and institutional adoption as pivotal factors driving long-term price growth. However, market analysts have cautioned that price volatility, regulatory environments, and broader economic conditions will continue to exert significant influence over Ethereum’s price trajectory.
