Ethereum Foundation Launches AI Team to Support Decentralized Economy
The Ethereum Foundation has created a new Artificial Intelligence (AI) team. Its goal is to make Ethereum the main platform for AI settlement and coordination.
Davide Crapis, the AI lead at the Ethereum Foundation, said the team has two main tasks. First, to support the growth of an AI economy on Ethereum. Second, to build a decentralized AI system that allows many projects to participate. The foundation wants to avoid a few companies controlling the AI sector.
Crapis said on X that Ethereum aims to be useful for today’s AI developers and future innovations. The team will work with other projects to speed up research and development where AI and blockchain meet.
The dAI Team will connect developers with resources and fund public-focused projects. Crapis added, “Ethereum makes AI more trustworthy, and AI makes Ethereum more useful. Ethereum benefits by becoming that layer, and AI benefits by escaping lock-in to a few centralized platforms.”
The foundation is developing ERC-8004, a new standard to verify AI agents’ identities and assign trust scores. This will help create a neutral, censorship-resistant infrastructure for AI on Ethereum.
Projects like Render (RNDR) and the Artificial Superintelligence Alliance (FET) will get support from the dAI Team. This aims to promote AI that benefits people and society.
AI Tokens Render and FET Show Signs of Recovery
The Ethereum Foundation’s focus on AI and blockchain could help projects built on Ethereum. Render (RNDR) and FET are the largest AI tokens on Ethereum by market value. They may gain from the dAI Team’s work on building a trusted AI infrastructure.
Render is trading above $3.80 and is supported by the 100-day Exponential Moving Average (EMA) at $3.79. The 50-day EMA at $3.72 also supports its upward trend.
Key indicators to watch include the Moving Average Convergence Divergence (MACD) and the Relative Strength Index (RSI). The MACD shows a buy signal with the blue line above the red line. The RSI is at 53, indicating growing bullish momentum. Important targets for Render include the 200-day EMA at $4.07 and the $5.00 resistance level.
FET faces challenges after losing support at the 50-day EMA ($0.66) and 100-day EMA ($0.68). Its RSI is 48, showing bearish pressure. However, the MACD has not yet confirmed a sell signal, suggesting bulls could regain control if the blue line stays above the red line.
For FET to recover, it must rise above the 50-day and 100-day EMAs. Key short-term goals include breaking the 200-day EMA at $0.75 and overcoming the descending trendline resistance. Success could push FET toward $1.00.
A sell signal would appear if the MACD blue line crosses below the red line and closes there. Support for FET lies between $0.55 and $0.58, tested on September 1.
