Matt Wright, CEO of GaiaNet, on AI Agents Surpassing Number of Humans, Two Camps Within Decentralized AI, and Monetization Tools | Ep. 356
In an exclusive interview with Cryptonews Podcast, Matt Wright, the CEO and co-founder of GaiaNet, an AI infrastructure project that aims to decentralize current AI agent software, discussed the increasing institutional recognition and adoption of Ethereum.
He talked about the two camps within the decentralized AI debate, who should and shouldn’t govern these systems, monetizing services on top of an agent, and building tools for AIs instead of humans.
Wright has been in Ethereum since 2016 and has worked on it while at JP Morgan.
Just recently, the US Securities and Exchange Commission (SEC) approved the launch of several spot Ethereum exchange-traded funds (ETFs).
“It’s crazy that we’re now at a pivotal moment where we’re seeing institutional recognition of the asset class,” enabling their clients to enter the space easily, Wright said. “And obviously, this is going to drive a ton of liquidity into the space.”
The Ethereum community should welcome this attention, he argued, and enable it to bring more focus to developers and building.
This is “a huge moment” as it’s combined with many technical upgrades occurring in the past few years.
ETHEREUM SURVIVES THE SEC.
Today we’re happy to announce a major win for Ethereum developers, technology providers, and industry participants: the Enforcement Division of the SEC has notified us that it is closing its investigation into Ethereum 2.0.
This means that the SEC…
— Consensys (@Consensys) June 19, 2024
Wright started noticing a significant change sometime in 2020. Before that, he argued, you wouldn’t see BTC or ETH in popular finance media conversations.
While it’s more common now, “we forget that it wasn’t a thing a few years ago.”
Crypto will continue to have its challenges, Wright
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