Decentralized stablecoin protocol Frax Finance has announced that it is working with related project IQ to develop an AI technology stack. The "AIVM" technology stack was developed as a parallel blockchain in the project's Layer 2 upgrade Fraxtal, which employs a new proof-of-inference consensus system. The proof-of-inference mechanism utilizes artificial intelligence and machine learning models to validate transactions on a blockchain network. Frax claims that the AI technology stack will enable artificial intelligence agents to become fully autonomous, without a single point of control, and ultimately help artificial intelligence and blockchain work together more seamlessly.