Decentralized artificial intelligence and Web3 firm Theoriq announced the launch of its Testnet on Aug. 8.

According to the announcement, the launch is the first blockchain-based network of its kind for AI agents — autonomous systems that perform specific tasks. 

Theoriq

As Cointelegraph recently reported, Theoriq was accepted into the Google Cloud Startup Program on Aug. 19. As part of the program, the firm received partner access to Google Cloud services and infrastructure in the development of its protocol. 

Its AI agents exist as part of a greater blockchain-based ecosystem where agents can purportedly combine as collectives to perform higher-level functions and perform simultaneous actions across multiple domains. 

Related: US DOJ, SEC back suit against Nvidia, EU drafting AI ‘Code of Practice’  

Testnet

Theoriq announcing the launch of its Testnet on X.com. Source: Theoriq

Theoriq’s CEO and Co-founder Ron Bodkin told Cointelegraph that the company’s mainnet was scheduled for launch later this year.

“Users can also expect open-source protocol fundamentals and a comprehensive security audit,” he said. “Additionally, we will be offering developer grants to support innovation on the platform.”

In the meantime, the firm will use the Testnet phase to further develop its “Agents.”

Bodkin says the company’s Agents are designed to plan, access data, use tools, make decisions, and engage with the real world to carry out specific functions:

“We strongly believe that specialized Agents collaborating in teams, known as Collectives, to tackle increasingly more complex tasks will outperform general-purpose monolithic Agents. These AI Agents can specialize in various tasks or tools such as analyzing social data, querying and accessing trading data, code generation, and image creation, allowing them to Collectively work off each other's outputs towards a unified goal.” 

Bodkin gave the example of decentralized physical infrastructure (DePIN) providers using Agents to interact with smart contracts, control assets and make micropayments. He says this can greatly enhance automation in Web3 and beyond.

“With this level of agency,” said Bodkin. “Our AI Agents are ready to reshape how we interact with technology, we are starting to enter the Agentic Age.”

Magazine: Anti-aging tycoon Bryan Johnson almost devoted his life to crypto