LAIKA AI
3 min readNov 28, 2023

Covalent Boosts Laika AI with $25,000 Grant to Elevate On-Chain Intelligence

We are delighted to share the exciting news that Laika AI, the groundbreaking browser extension ushering the power of artificial intelligence into the Web3 landscape, has been awarded a generous $25,000 grant from Covalent, a leading provider of blockchain data solutions.

This substantial grant serves as a testament to the validation of our product, affirming that we are on the right trajectory. We express our gratitude for the invaluable support and recognition from Covalent, an industry pioneer and leader in the cryptocurrency space.

The Covalent grant acts as a catalyst for our ambitious expansion plans, providing the impetus to delve deeper into sophisticated data analytics and AI-driven solutions tailored for the thriving crypto community.

With this injection of funds, our focus is on amplifying infrastructure development. We plan to optimize data processing, refine machine learning algorithms, and enhance user interface functionalities.

Unveiling Laika AI

Laika AI stands as a browser-based application that equips users with a diverse array of features and tools, facilitating seamless exploration, analysis, and interaction within the crypto and Web3 ecosystem.

By seamlessly integrating AI capabilities into the browsing experience, Laika AI empowers users to effortlessly harness the potential of AI without the need for complex setups or technical expertise.

Notable features of Laika AI include:

- Smart Contract Analysis: Enabling users to perform comprehensive analysis and verification of smart contracts, identifying vulnerabilities, bugs, and inefficiencies.

- Token Metrics: Providing real-time and historical data on token prices, volumes, market capitalization, liquidity, and other relevant indicators.

- DeFi Dashboard: Allowing users to monitor and manage their DeFi portfolio, tracking balances, transactions, yields, and risks across multiple protocols and platforms.

- NFT Gallery: Enabling users to discover and browse through thousands of NFTs, with filtering options by categories, collections, attributes, and prices.

- Crypto News: Keeping users updated with the latest news and trends in the crypto space, curated from various sources and personalized to their preferences.

Unpacking Covalent

Covalent serves as a unified API, offering access to rich, granular, and historical data from over 200 blockchains, including Ethereum, Polygon, Binance Smart Chain, Avalanche, Fantom, and more.

The Covalent API empowers developers, researchers, investors, and enthusiasts to query blockchain data without the need for running nodes, indexing events, or decoding smart contract data.

Covalent’s data spans various use cases, including:

- Wallets and Exchanges: Allowing wallets and exchanges to display accurate and consistent data on balances, transactions, fees, and token metadata.

- DeFi and NFT Platforms: Providing detailed insights on assets, activities, and performance for DeFi and NFT platforms.

- Analytics and Intelligence Tools: Facilitating analytics and intelligence tools to conduct in-depth research and analysis on blockchain data, uncovering patterns, trends, and anomalies.

The Collaborative Journey of Laika AI and Covalent

In Laika AI V5, we leverage Covalent’s rich data to pioneer advanced blockchain forensics using AI and ML. We are actively developing new features and functionalities that will empower users to:

- Conduct network analysis on blockchain data, identifying key actors, clusters, communities, and influencers.

- Apply machine learning techniques to predict market movements, user behavior, and detect fraud within blockchain data.

- Conduct transaction graph analysis, tracing the origin, destination, and flow of funds.

- Perform address clustering on blockchain data, grouping addresses belonging to the same entity or organization.

By synergizing the power of AI and Covalent’s data, our mission is to provide users with a profound understanding of the crypto and Web3 ecosystem, along with the tools to make informed, data-driven decisions.

We are thrilled about this strategic partnership with Covalent and eagerly anticipate delivering more value and innovation to the crypto community.

Stay tuned for regular updates on our progress and roadmap, and please feel free to reach out with any questions, feedback, or suggestions.

#LaikaAI#covalent #Onchainai.

LAIKA AI

Laika AI is a decentralised open-source software library for machine learning and artificial intelligence.