AI Development on Kite AI, the First Purpose-Built AI Layer 1 | Vikas Pandey - Kite AI

Vikas Pandey from GoKite AI introduces Kite AI, an AI Web3 protocol modifying the EVM to add AI as a first-class citizen, addressing the issue of AI builders not receiving adequate value for their models and agents. He details Kite AI's approach of creating on-chain attribution and a new consensus mechanism called Proof of Attributed Intelligence to reward contributors based on usage. Vikas explains the need for a new L1 for AI, incorporating AI compute across execution, settlement, consensus, and data availability layers to advance the Web3 ecosystem. He discusses the Kite VM, which captures AI metadata in transactions, and the ERC-7001 standard, aiming to expand it for fungible token use cases. Vikas highlights the testnet launch achievements, including reaching 1 million wallets and processing millions of AI inference calls, and the vision of a self-sustaining AI economy with a marketplace for AI agents and models. He also touches upon protocol development, AI-specific execution layers, hybrid execution using AI oracles, and proof of AI consensus enhancements, mentioning partnerships with universities and Web3 entities like Eigen Layer and Avalanche.