BVM hits a new high. Can “Bitcoin L2+AI” become the new hype?

With the halving in April, the Bitcoin ecosystem has strongly regained market attention and liquidity.

Bitcoin rebounded above $70,000, up 3.1% in 24 hours. As the price rose, the volume and value of Bitcoin inscription ecosystem and NFT transactions on the chain also experienced significant growth. At the same time, the discussion on the expansion plan within the Bitcoin ecosystem has become active again. CKB, which holds the banner of RGB++, has also broken through $0.027 recently, with a 24-hour increase of more than 20%.

Related reading: " Transaction volume surges, why did Bitcoin NFT surge today? "

Most of the Bitcoin second-layer solutions on the market still use cross-chain mapping technology based on the Ethereum Virtual Machine (EVM), and the market's innovation focus is gradually shifting to the ability to develop smart contracts on Bitcoin itself. This shift not only marks the expansion of the use of Bitcoin technology, but also indicates that it may become more than just a means of storing value, but also the foundation of a more complex and feature-rich blockchain ecosystem.

Driven by the price of CKB, a series of Bitcoin Layer 2 projects have once again become the focus of the market. In particular, BVM (Bitcoin Virtual Machine) has stood out among many Layer 2 projects with its innovative solutions and strong technical support, and its price has reached a new high.

BVM's success is not only reflected in its price increase, but more importantly, it has frequently ranked among the top on multiple trading platforms and token popularity lists. So far, according to dexscreener data, BVM's token has continued to maintain its excellent performance in the top six on the token popularity list.

BVMnetwork is a modular Bitcoin L2 protocol on Bitcoin, designed to create a plug-and-play blockchain module to launch its own Bitcoin L2 blockchain. BVM's official Twitter account tweeted on April 6 that BVM is now available for trading on OKX Dex, and through cooperation with nakachain, it provides staking services that can be accessed through the OKX wallet.

In addition to the popularity of BVM itself, the AI project Eternal AI based on Bitcoin L2 developed by its forked team has also sparked a lot of discussion in the community. Earlier this month, Eternal AI launched the public sale of its token $EAI on NakaCahin. According to the official website, the team raised more than $12 million this time.

Eternal AI allows users to deploy AI models on the blockchain for encrypted applications. The team of 10 AI researchers and cryptographers will be designed specifically for executing AI smart contracts and storing AI models. Developers can integrate neural networks and AI functions directly into Eternal AI's smart contracts.

The core of the Eternal AI architecture is still based on Bitcoin's data verification module, providing a secure, reliable, and decentralized foundation for the entire stack. The platform's storage model was built in partnership with Filecoin, Near, Avail, Polygon, and Syscoin. It is reported that these AI smart contracts are AI decentralized applications that run exactly as programmed, without any risk of downtime, censorship, or interference. AI models are stored on the chain, so anyone can verify which models are being used without being deceived.

By enabling AI smart contracts on the blockchain, BVM and Eternal AI aim to accelerate innovation, shorten developers' time to market, and open up new opportunities for integrating AI into decentralized applications. This not only enhances the functionality of smart contracts, but also introduces the concept of AI composability, where AI-driven contracts can interact and combine to create more complex contracts.

According to the official roadmap, the Eternal AI testnet upgrade will take place on April 10, with 3,200 AI models and 3,400 users, and the mainnet launch is expected to be completed within April. Since the beginning of this year, AI+Crypto has been one of the biggest hot spots for crypto speculation, and the popular tokens in the Ethereum ecosystem have been dominated by various "AI idiots" for months. With Bitcoin L2 once again gaining market popularity, can AI narratives also take root in the Bitcoin ecosystem?

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