KaJ Labs has committed $100 million to develop AI products based on the XRP token

What’s new? KaJ Labs Foundation, the Dubai-headquartered non-profit organization behind the development of enterprise blockchain platform Atua AI with native token TUA, has committed $100 million to develop AI tools for the XRP token ecosystem from fintech company Ripple.

Press release

What else is known? KaJ Labs clarified that these strategic investments are aimed at empowering and deploying AI-based solutions within decentralized finance (DeFi) and corporate operations.

The funds will be used for research and development, training of AI models, and implementation of advanced solutions customized for XRP-based platforms.

KaJ Labs emphasizes that this initiative reflects the growing trend toward the convergence of blockchain and artificial intelligence technologies, opening up new opportunities for enterprises.

By providing artificial intelligence solutions optimized for XRP, Atua AI aims to accelerate innovation in the DeFi sector among corporations, the press release concludes.

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Atua AI itself as an enterprise platform utilizes blockchain and AI technologies to create seamless, efficient, and innovative enterprise solutions. It helps optimize business operations and decision-making processes.

Its token TUA jumped by 148% in 24 hours on the news of the investment and reached its highest since October at $0,00099.

KaJ Labs, founded in 2017, is a non-profit organization to support early-stage Web3 projects and research teams and developers focused on innovative internet technologies to improve the consumer experience globally.

In addition to Atua AI, KaJ Labs supports the COLLE AI platform with the COLLE token, which enables the creation of non-fungible tokens (NFTs), including video, using text commands (prompts) on BNB Chain, Ethereum, and Solana networks. COLLE uses, among other things, the Sora model from Sam Altman’s Open AI lab, which developed the world’s most popular chatbot, ChatGPT.

The organization also supports the Lithosphere blockchain platform with the LITHO native token to run AI-based cross-chain applications, the AGII (AGII) and FURGPT (FGPT) projects.

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XRP ranks fourth in the overall cryptocurrency ranking after bitcoin, Ethereum, and Tether’s USDT stablecoin with a capitalization of $135,4 billion and is trading at $2,37. The asset has lost 1,8% overnight, but has gained 233% over the month and is up 285% since the beginning of the year.

In early December, XRP rose from fifth to third place in the cryptocurrency ranking, overtaking Solana and USDT, but later lost its place in the top 3 as a result of the correction.

Nevertheless, the market is expecting positive developments that could potentially boost XRP. For example, after Donald Trump’s inauguration on January 20 and the inauguration of his new administration, the securities regulator SEC may wind down litigation regarding the asset’s status as a security, as well as approve spot exchange-traded funds (ETFs) based on it.