Alchemy Insights Inc., a prominent platform facilitating the development of Web3 and blockchain applications, announced the launch of AlchemyAI on Wednesday. AlchemyAI is a comprehensive set of artificial intelligence tools aimed at empowering developers to access data faster and expedite the development process.
The suite of new products offered by Alchemy includes ChatWeb3, an AI-powered assistant for Web3 development, and a plugin for OpenAI LP’s ChatGPT that enables seamless access to blockchain data. These cutting-edge tools are set to roll out over the coming weeks, revolutionizing the way developers work in the Web3 ecosystem.
Web3, also known as the decentralized web, is built on blockchain technology, allowing developers to create decentralized platforms and token economies. By eliminating the reliance on centralized services, Web3 empowers applications to operate autonomously through self-executing software known as smart contracts, utilizing a range of protocols.
ChatWeb3, a standout product from AlchemyAI, presents developers with a chatbot powered by ChatGPT, accessible through the Alchemy dashboard. The AI assistant has been trained on an extensive collection of Web3 documentation, meticulously curated by Alchemy, to provide developers with invaluable support throughout their workflows.
With the AI assistant, developers can swiftly navigate through documents and obtain code assistance by posing questions in natural language. They can request code snippets, templates, and best practices while receiving contextual recommendations to write cleaner and more efficient code across various Web3 development practices, including Solidity, a vital object-oriented programming language for Web3 applications, particularly Ethereum.
Developers can engage with ChatWeb3 in a conversational manner, much like interacting with another person. They can ask questions such as, “Does this smart contract involve token transfer fees?” or “Can you assist me in debugging an error in this code?”
However, it’s worth noting that the AI-powered assistant does have certain limitations. It can only answer questions based on the documents it has been trained on and does not have real-time access to blockchain data. It provides answers relating to approximately 13 blockchain networks, including Ethereum, Arbitrum, Optimism, Starknet, Polygon, and Solana.
The second product in AlchemyAI’s suite is a plugin for ChatGPT, which will be available on OpenAI’s Plugin Marketplace. This plugin empowers users to access real-time information on blockchain data through conversational interactions using application programming interfaces (APIs) facilitated by Alchemy.
While ChatGPT has revolutionized information retrieval and answer generation, its knowledge is limited to data up until 2021, making it inadequate for cutting-edge technologies like Web3. The new plugin addresses this limitation by enabling users to pull information directly from a range of blockchains in real time.
As a result, users can pose questions or make requests such as “How much Ethereum is currently held in the vitalik.eth address?” or “Retrieve the latest market price for Ethereum” or “What is the average market price for the last 10 Azuki NFTs sold?” ChatGPT, powered by the Alchemy plugin, can provide real-time answers by accessing blockchain data.
The plugin facilitates real-time data retrieval for account balances, nonfungible token ownership, Ethereum, transaction details, NFT metadata, blockchain data on mined blocks, and current network conditions. This comprehensive functionality empowers developers and users to interact effortlessly with the blockchain, enabling smoother and more informed decision-making in Web3 development.
With AlchemyAI, developers can leverage the power of artificial intelligence to accelerate their Web3 development processes and gain quicker access to valuable data. By combining innovative
