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SVM Sonic, Injective to roll out crosschain AI agent hub

Developers will soon be able to deploy Solana-based AI agent applications on Injective and bridge a variety of cryptocurrencies between them.

Layer-1 blockchain protocol Injective and Solana Virtual Machine (SVM) blockchain Sonic are launching the Smart Agent Hub, a crosschain artificial intelligence platform. The hub will allow AI agents built on the SVM to integrate into the decentralized Injective ecosystem, and developers will be able to monetize their AI agents through tokenization and fractionalized ownership.

Injective expects to deploy the initial Smart Agent Hub testnet in the first quarter of 2025 with its full integration coming in phases across several months. When it is in operation, developers on Injective will be able to deploy Solana-based AI agent applications with a Remote Procedure Call.

The hub will use Sonic infrastructure and the Inter-Blockchain Communication Protocol to link the Injective WebAssembly blockchain directly with Solana. In addition, a bridge will be created to transfer SOL (SOL) and Solana-based tokens as well as wrapped and native Injective tokens.

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Cosmos patches ‘critical’ IBC protocol bug saving $126M

IBC has always had the bug but it only recently became exploitable due to developments in the protocol’s codebase, Asymmetric Research said.

Cosmos developers have fixed a “critical” security bug in its Inter-Blockchain Communication (IBC) protocol which put at least $126 million at risk, says a blockchain security firm that privately notified Cosmos of the issue.

“We privately disclosed the vulnerability through the Cosmos HackerOne Bug Bounty program and the issue is now patched,” Asymmetric Research said on April 23.

“No malicious exploitation took place and no funds were lost,” it added.

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Web3 Cyber Threats Surge in 2024: Cyvers Report