{"id":"EaFdss8DPxM","title":"[REDACTED] 2024 | Kendall Cole - Chain Signatures and Chain Abstraction Vision","description":"How and why the various crypto \"ecosystems\" like BTC, ETH, SOL, NEAR should unite technically using chain signatures so that they can then unite socially.\n\nTakeaways:\n• NEAR Protocol’s Cross-Chain Capabilities: NEAR Protocol isn’t limited to NEAR or Web3—it aims to bridge and interact seamlessly with any chain and broader internet applications. This opens up possibilities for AI agents to interact with all crypto assets, contracts, and states across different blockchains.\n\n• Chain Signatures & Omni Bridge for Seamless Interoperability: Through chain signatures, NEAR allows smart contracts to sign transactions across various chains, enhancing interoperability. The Omni Bridge ensures state verification across chains, providing a seamless multi-chain experience.\n\n• Decentralized Autonomous Agents: Leveraging multi-party computation (MPC) technology, NEAR enables AI agents that persist as long as the network exists, promoting a resilient, autonomous ecosystem. These agents interact with users and AI models in a secure, trusted manner.\n\n• Widespread Industry Applications: Chain signatures technology is being applied across several areas, including lending, staking, and trading on Bitcoin and other assets. This versatility empowers developers to create trust-minimized financial products without traditional cross-chain limitations.\n\n• Account Abstraction for Unified User Experience: NEAR supports account abstraction, enabling users to manage assets across multiple chains with a single interface, simplifying Web3 interactions and expanding possibilities for consumer-friendly AI-driven apps.\n\nNEAR is the Blockchain for AI\nWebsite: https://near.org/\nNEAR AI: https://near.ai/\nIntents: https://near.org/intents\nChain Abstraction: https://www.proximity.dev/\nSharding: https://nearone.org/\n\nFor the devs\nGitHub: https://github.com/near \nDev Docs: https://docs.near.org/\nDevhub: https://devhub.near.page/ @NEARDevHub\n\nConnect with socials\nTwitter:   / nearprotocol  \nBlog: https://near.org/blog/\nMedium:   / nearprotocol  \n#NEAR #nearprotocol #NEARAI","channel_name":"NEAR Protocol","published_at":"2024-11-11T00:00:00.000Z","thumbnail_url":"https://img.youtube.com/vi/EaFdss8DPxM/hqdefault.jpg","transcript_text":"so what's really really fun about working in near right now is that uh everything we're building here is not just for near anymore it's actually for every single chain and as Ilia pointed out it's actually goes even Beyond web 3 in general and we're going to be able to connect to really anything on the internet and hopefully actually change a bit about how the internet works uh but today we'll focus on you know what we're going to be able to bring to all these different chains that are out there and why we're super excited about it uh you know and I think when it comes to really making AI agents work in crypto and solving a lot of the problems that we currently have uh what's going to be really required is that each AI agent has unfettered access to the entirety of the crypto space this includes every single crypto asset this includes every single smart contract and really every single piece of State uh this is part of the reason that we've been so focused on this concept of chain abstraction it really is to make it so that developers and users are able to interact with every piece of state every asset everything on every single chain as seamlessly as possible the way that we're making this work is using the near abstraction stack so Alex uh just introduced a really important part of that stack which is the intent layer uh we also have two other really key pieces of Technology one is chain signatures and the other is the Omni Bridge so to give you an example of how this can kind of work you can imagine that a user first uh creates an intent basically submits a request to this intent and solver Network once the the auction is kind of decided once like a solver is sort of chosen uh either by the user or or through a programmatic way that fulfilled request will then turn into a signed payload that can be relayed to a destination chain uh and that's using chain signatures and then once that's complete let's say that that there was a Bitcoin transaction that landed uh often times there's going to need to be a settlement process that happens on the near side and this is where near as a blockchain will need to have access to that finalized State transition on the Bitcoin blockchain and this is going be using the Omni Bridge which is effectively a wrapper over some different message passing layers or even light clients depending on the chain that will let the near uh smart contract know that that state transition on a destination chain has finally landed so the most important takeaway from uh the piece of technology that I'll Focus the most on today which is chain signatures is that we now have enabled smart contracts to sign transactions and this is a really really interesting design space that we're seeing a lot of teams start to take advantage of so here's a little bit about how it works so you can imagine on the one side we've got this near account that's on the near blockchain that will be originating some type of signature request so it'll call right now this signer contract on the near blockchain with a payload a cryptographic payload to be signed and then basically the address that it wants to use to sign that transaction then the real magic we have here is this network of uh multi-party computation notes you can basically imagine these as uh a large group of distributed entities uh that have one part of like a key share that can be combined to sign for a private key that none of these individual parties now and the goal is to make this group as large as possible eventually hopefully resembling the makeup of the near validator set so this group will listen to requests that come in on that signer contract and they will then take that request and sign it uh using deterministic derivation function they'll basically ensure that this near account is the only one who can originate and sign for this request they'll then return that signature on the near blockchain um which creates a perfect audit log of request and then response so you can verify that this was done correctly and then finally that transaction we pass to a destination chain and this is how you enable near smart contracts to sign transactions for Bitcoin and Dogecoin and ton salana any chain that comes up with any of the thousands of chains that apparently are going to be launching over the next few years you'll be able to use this technology right now we have about two dozen teams who are building across three major categories um the first one and one I find particularly exciting is Bitcoin in 2024 we've really seen I think a Resurgence of uh well a realization that Bitcoin is kind of the OG of crypto assets for a variety of reasons it's going to be extremely important to continue to utilize uh but to date it's actually been pretty difficult to build with Bitcoin in kind of a trust minimized way fortunately using chain signatures we're able to enable teams to tackle some really exciting use cases uh on the one side we've got Bitcoin lending it's surprisingly difficult if you have Bitcoin on the L1 to borrow against your Bitcoin Step One is usually some type of bridge that has quite a bit of latency we're going to be able to really remove this using chain signatures part two runes trading uh you've probably heard a lot about this as a primitive people are very excited about the ability to issue assets on bitcoin but to date that experience has been very limited when it comes to actually trading these assets because the the Bitcoin layer one itself is limited and then we of course have several other use cases here like reaking uh or building liquid stake tokens on top of these reaking platforms uh we have several teams who are tackling that challenge to give you a little bit of an example of what this can look like from an experience perspective uh this is actually a fork on test net of the largest lending protocol on near that's empowering uh this Bitcoin experience so you can see here I've actually connected my Bitcoin account using uniset to this lending protocol and you can actually see like a test net Bitcoin balance right there uh can then actually just decide to borrow against this Bitcoin balance uh after I've deposited into the protocol you see here I'm going to like Supply uh a little bit of Bitcoin uh and then this transaction request that pops up is actually for uh my from my unisat wallet uh because thanks to this chain signature technology we are able to let users bring their existing wallet any Bitcoin wallet that they that they have their Bitcoin custodi in and then they're able to basically interact with this protocol just by signing a message uh using that wallet and this same pattern can be replicated across anything so Bitcoin users are able to be met where they are in their Bitcoin wallet but then get exposure to all of these different usage patterns and all these different uh new experiences the next category we have a lot of teams building in is uh I think particularly interesting because it really changes the way that you can reason about like how you're designing your protocol and what we mean by that is you no longer have to think in terms of of how you're going to deploy your protocol on one chain then you deploy that same protocol on another chain and then think about how maybe those two different versions of your of your protocol interact with each other you can actually design your protocol uh to be completely agnostic to the eventual chains that your users will be interacting with to give some examples of of how teams are using this uh Alex already showed an example of the near intense layer which is basically making so that you can swap any asset between any chain we have a couple of other teams who are working on similar products like Omni Lane and thesis who's building a uh a margin based spot protocol that will actually allow users to deposit any asset and leverage against it um we have teams building lending protocols particularly targeting very popular but underutilize assets like an xrp uh or a Dogecoin or even a Bitcoin uh and eventually you will even be able to borrow against your entire portfolio of assets that might span across multiple chains and open opening up an entirely New Capital base uh and then we of course have teams building in like the the uh yield space the reaking space that will allow you to restake any cryptographic asset across any chain to show a little bit about how this could work very similar to the example that uh Alex gave earlier this is a team called Omni Lane uh who's built cross chain swaps that um will enable you to swap between any two assets on any chain uh you can see here I basically connected my metamask account and then I'm just going to go through and swap from the polygon test net over to base uh and it works pretty similar to the to the uh the intense layer where you'll basically find a solver who will fulfill this for you in just a matter of seconds and this experience will be replicable across a variet chance and then last but not least we have account abstraction um we have a lot of very exciting teams building in this space particularly bitsa on like the kind of AI agent powered and user experience um we have one of the most used apps in crypto if you're familiar with the hot wallet which is built in telegram they've actually deployed 6 million account abstra chain uh chain signatures powered wallets they can actually like custody assets across a variety of chains um and then we have teams like sweat who is one of the the largest kind of mass Market user apps and is now able to exp bring their 100 million user plus uh base uh across a variety of different uh of different blockchains and applications and then tomorrow you guys will be getting a very special announcement from uh a very exciting team who's who's building in this space as well um I think what's super exciting about like what bits has been able to do is that they can take a new design pattern like a pass key based wallet uh and they can let you create a unified balance across a variety of different chains so like you can see here um that I'm actually have some ethereum on a few different chains in my bits of wallet and I can actually go and I can just connect my bits of wallet to Unis swap or any other uh any other application that supports wallet connect and I can suddenly send transactions from that application so you can see here I'm actually like sending this this unisoft swap approving it on the bit side I'll actually sign using my uh Pass key on my Mac and then I've completed this transaction you can see I now swapped from some ethereum on base to uh to some usdc on a different chain um and of course you can do this through uh the AI agent platform as well so those are three of the areas we see a lot of teams building in I think uh a really cool direction that we're going to be able to go that's uniquely unlocked by this MPC technology is actually building truly Unstoppable autonomous AI agents uh so we had Alex gnov mention earlier how you're going to be able to basically receive a uh verified request from an llm by using a trusted execution environment that's a really exciting primitive that lets you interact with uh an AI model and know that you were served from the AI model you're aiming to interact with uh but I think what's even more interesting is when you combine this with the key resiliency of the multi-party computation technology you can actually have these agents that'll just live as long as the network lives uh everyone's really excited about the idea of well effectively enabling like a Skynet uh but no one's really put together the pieces to actually Empower this today so like we see a lot of hype on you know Twitter right now about what what is going to be able to be unlocked with these Primitives uh and I'm excited that we're actually going to be able to deliver this Tex stack immediately so you can imagine that you basically have that AI agent that will be like have most of its sort of uh information and state either living on the near blockchain or a variety of decentralized Technologies a user will then be able to prompt this agent you'll see like a trusted execution environment where someone's running this model that'll basically return the response and then the proof for the response using the remote attestation uh and then this this uh this response will be able to interact with a near smart contract to then sign something somewhere uh and because this smart contract will be using this distributed MPC technology what that means is that in order to take this agent offline you have to take down the entirety of the network which is going to be extremely difficult to do so this is how we can unlock these kind of truly perpetual and autonomous AI agents um which you know we're very excited to see how people build with this","transcript_synced_at":"2026-11-03T05:25:23.533Z","segments":[{"start_seconds":0,"text":"so what's really really fun about working in near right now is that uh everything we're building here is not just for near anymore it's actually for","url":"https://www.youtube.com/watch?v=EaFdss8DPxM&t=0s"},{"start_seconds":9,"text":"every single chain and as Ilia pointed out it's actually goes even Beyond web 3 in general and we're going to be able to connect to really anything on the","url":"https://www.youtube.com/watch?v=EaFdss8DPxM&t=9s"},{"start_seconds":16,"text":"internet and hopefully actually change a bit about how the internet works uh but today we'll focus on you know what we're going to be able to bring to all these different chains that","url":"https://www.youtube.com/watch?v=EaFdss8DPxM&t=16s"},{"start_seconds":25,"text":"are out there and why we're super excited about it uh you know and I think when it comes to really making AI agents work in crypto and solving a lot of the","url":"https://www.youtube.com/watch?v=EaFdss8DPxM&t=25s"},{"start_seconds":33,"text":"problems that we currently have uh what's going to be really required is that each AI agent has unfettered access to the entirety of the crypto space this","url":"https://www.youtube.com/watch?v=EaFdss8DPxM&t=33s"},{"start_seconds":42,"text":"includes every single crypto asset this includes every single smart contract and really every single piece of State uh this is part of the reason that we've","url":"https://www.youtube.com/watch?v=EaFdss8DPxM&t=42s"},{"start_seconds":49,"text":"been so focused on this concept of chain abstraction it really is to make it so that developers and users are able to","url":"https://www.youtube.com/watch?v=EaFdss8DPxM&t=49s"},{"start_seconds":56,"text":"interact with every piece of state every asset everything on every single chain as seamlessly as possible the way that","url":"https://www.youtube.com/watch?v=EaFdss8DPxM&t=56s"},{"start_seconds":64,"text":"we're making this work is using the near abstraction stack so Alex uh just introduced a really important part of that stack which is the intent layer uh","url":"https://www.youtube.com/watch?v=EaFdss8DPxM&t=64s"},{"start_seconds":73,"text":"we also have two other really key pieces of Technology one is chain signatures and the other is the Omni Bridge so to give you an example of how this can kind","url":"https://www.youtube.com/watch?v=EaFdss8DPxM&t=73s"},{"start_seconds":80,"text":"of work you can imagine that a user first uh creates an intent basically submits a request to this intent and","url":"https://www.youtube.com/watch?v=EaFdss8DPxM&t=80s"},{"start_seconds":87,"text":"solver Network once the the auction is kind of decided once like a solver is sort of chosen uh either by the user or","url":"https://www.youtube.com/watch?v=EaFdss8DPxM&t=87s"},{"start_seconds":95,"text":"or through a programmatic way that fulfilled request will then turn into a signed payload that can be relayed to a destination chain uh and that's using","url":"https://www.youtube.com/watch?v=EaFdss8DPxM&t=95s"},{"start_seconds":103,"text":"chain signatures and then once that's complete let's say that that there was a Bitcoin transaction that landed uh often times there's going to need to be a settlement process that happens on the","url":"https://www.youtube.com/watch?v=EaFdss8DPxM&t=103s"},{"start_seconds":111,"text":"near side and this is where near as a blockchain will need to have access to that finalized State transition on the Bitcoin blockchain and this is going be","url":"https://www.youtube.com/watch?v=EaFdss8DPxM&t=111s"},{"start_seconds":120,"text":"using the Omni Bridge which is effectively a wrapper over some different message passing layers or even light clients depending on the chain","url":"https://www.youtube.com/watch?v=EaFdss8DPxM&t=120s"},{"start_seconds":127,"text":"that will let the near uh smart contract know that that state transition on a destination chain has finally landed so","url":"https://www.youtube.com/watch?v=EaFdss8DPxM&t=127s"},{"start_seconds":134,"text":"the most important takeaway from uh the piece of technology that I'll Focus the most on today which is chain signatures is that we now have enabled smart","url":"https://www.youtube.com/watch?v=EaFdss8DPxM&t=134s"},{"start_seconds":141,"text":"contracts to sign transactions and this is a really really interesting design space that we're seeing a lot of teams start to take advantage of so here's a","url":"https://www.youtube.com/watch?v=EaFdss8DPxM&t=141s"},{"start_seconds":149,"text":"little bit about how it works so you can imagine on the one side we've got this near account that's on the near blockchain that will be originating some","url":"https://www.youtube.com/watch?v=EaFdss8DPxM&t=149s"},{"start_seconds":157,"text":"type of signature request so it'll call right now this signer contract on the near blockchain with a payload a","url":"https://www.youtube.com/watch?v=EaFdss8DPxM&t=157s"},{"start_seconds":164,"text":"cryptographic payload to be signed and then basically the address that it wants to use to sign that transaction then the real magic we have here is this network","url":"https://www.youtube.com/watch?v=EaFdss8DPxM&t=164s"},{"start_seconds":173,"text":"of uh multi-party computation notes you can basically imagine these as uh a large group of distributed entities uh","url":"https://www.youtube.com/watch?v=EaFdss8DPxM&t=173s"},{"start_seconds":180,"text":"that have one part of like a key share that can be combined to sign for a private key that none of these individual parties now and the goal is","url":"https://www.youtube.com/watch?v=EaFdss8DPxM&t=180s"},{"start_seconds":188,"text":"to make this group as large as possible eventually hopefully resembling the makeup of the near validator set so this group will listen to requests that come","url":"https://www.youtube.com/watch?v=EaFdss8DPxM&t=188s"},{"start_seconds":196,"text":"in on that signer contract and they will then take that request and sign it uh using deterministic derivation function they'll basically ensure that this near","url":"https://www.youtube.com/watch?v=EaFdss8DPxM&t=196s"},{"start_seconds":205,"text":"account is the only one who can originate and sign for this request they'll then return that signature on the near blockchain um which creates a","url":"https://www.youtube.com/watch?v=EaFdss8DPxM&t=205s"},{"start_seconds":213,"text":"perfect audit log of request and then response so you can verify that this was done correctly and then finally that transaction we pass to a destination","url":"https://www.youtube.com/watch?v=EaFdss8DPxM&t=213s"},{"start_seconds":220,"text":"chain and this is how you enable near smart contracts to sign transactions for Bitcoin and Dogecoin and ton salana any","url":"https://www.youtube.com/watch?v=EaFdss8DPxM&t=220s"},{"start_seconds":228,"text":"chain that comes up with any of the thousands of chains that apparently are going to be launching over the next few years you'll be able to use this technology right now we have about two","url":"https://www.youtube.com/watch?v=EaFdss8DPxM&t=228s"},{"start_seconds":236,"text":"dozen teams who are building across three major categories um the first one and one I find particularly exciting is Bitcoin in 2024","url":"https://www.youtube.com/watch?v=EaFdss8DPxM&t=236s"},{"start_seconds":246,"text":"we've really seen I think a Resurgence of uh well a realization that Bitcoin is kind of the OG of crypto assets for a","url":"https://www.youtube.com/watch?v=EaFdss8DPxM&t=246s"},{"start_seconds":253,"text":"variety of reasons it's going to be extremely important to continue to utilize uh but to date it's actually been pretty difficult to build with","url":"https://www.youtube.com/watch?v=EaFdss8DPxM&t=253s"},{"start_seconds":261,"text":"Bitcoin in kind of a trust minimized way fortunately using chain signatures we're able to enable teams to tackle some","url":"https://www.youtube.com/watch?v=EaFdss8DPxM&t=261s"},{"start_seconds":268,"text":"really exciting use cases uh on the one side we've got Bitcoin lending it's surprisingly difficult if you have Bitcoin on the L1 to borrow against your","url":"https://www.youtube.com/watch?v=EaFdss8DPxM&t=268s"},{"start_seconds":276,"text":"Bitcoin Step One is usually some type of bridge that has quite a bit of latency we're going to be able to really remove this using chain signatures part two","url":"https://www.youtube.com/watch?v=EaFdss8DPxM&t=276s"},{"start_seconds":284,"text":"runes trading uh you've probably heard a lot about this as a primitive people are very excited about the ability to issue assets on bitcoin but to date that","url":"https://www.youtube.com/watch?v=EaFdss8DPxM&t=284s"},{"start_seconds":292,"text":"experience has been very limited when it comes to actually trading these assets because the the Bitcoin layer one itself is limited and then we of course have","url":"https://www.youtube.com/watch?v=EaFdss8DPxM&t=292s"},{"start_seconds":300,"text":"several other use cases here like reaking uh or building liquid stake tokens on top of these reaking platforms uh we have several teams who are","url":"https://www.youtube.com/watch?v=EaFdss8DPxM&t=300s"},{"start_seconds":307,"text":"tackling that challenge to give you a little bit of an example of what this can look like from an experience perspective uh this is actually a fork on test net of the largest lending","url":"https://www.youtube.com/watch?v=EaFdss8DPxM&t=307s"},{"start_seconds":316,"text":"protocol on near that's empowering uh this Bitcoin experience so you can see here I've actually connected my Bitcoin account using uniset to this lending","url":"https://www.youtube.com/watch?v=EaFdss8DPxM&t=316s"},{"start_seconds":325,"text":"protocol and you can actually see like a test net Bitcoin balance right there uh can then actually just decide to borrow against this Bitcoin balance uh after","url":"https://www.youtube.com/watch?v=EaFdss8DPxM&t=325s"},{"start_seconds":333,"text":"I've deposited into the protocol you see here I'm going to like Supply uh a little bit of Bitcoin uh and then this transaction request that pops up is","url":"https://www.youtube.com/watch?v=EaFdss8DPxM&t=333s"},{"start_seconds":340,"text":"actually for uh my from my unisat wallet uh because thanks to this chain signature technology we are able to let users bring their existing wallet any","url":"https://www.youtube.com/watch?v=EaFdss8DPxM&t=340s"},{"start_seconds":349,"text":"Bitcoin wallet that they that they have their Bitcoin custodi in and then they're able to basically interact with this protocol just by signing a message","url":"https://www.youtube.com/watch?v=EaFdss8DPxM&t=349s"},{"start_seconds":358,"text":"uh using that wallet and this same pattern can be replicated across anything so Bitcoin users are able to be met where they are in their","url":"https://www.youtube.com/watch?v=EaFdss8DPxM&t=358s"},{"start_seconds":365,"text":"Bitcoin wallet but then get exposure to all of these different usage patterns and all these different uh new experiences the next category we have a","url":"https://www.youtube.com/watch?v=EaFdss8DPxM&t=365s"},{"start_seconds":373,"text":"lot of teams building in is uh I think particularly interesting because it really changes the way that you can reason about like how you're designing","url":"https://www.youtube.com/watch?v=EaFdss8DPxM&t=373s"},{"start_seconds":380,"text":"your protocol and what we mean by that is you no longer have to think in terms of of how you're going to deploy your protocol on one chain then you deploy","url":"https://www.youtube.com/watch?v=EaFdss8DPxM&t=380s"},{"start_seconds":388,"text":"that same protocol on another chain and then think about how maybe those two different versions of your of your protocol interact with each other you can actually design your protocol uh to","url":"https://www.youtube.com/watch?v=EaFdss8DPxM&t=388s"},{"start_seconds":397,"text":"be completely agnostic to the eventual chains that your users will be interacting with to give some examples of of how teams are using this uh Alex","url":"https://www.youtube.com/watch?v=EaFdss8DPxM&t=397s"},{"start_seconds":405,"text":"already showed an example of the near intense layer which is basically making so that you can swap any asset between any chain we have a couple of other teams who are working on similar","url":"https://www.youtube.com/watch?v=EaFdss8DPxM&t=405s"},{"start_seconds":413,"text":"products like Omni Lane and thesis who's building a uh a margin based spot protocol that will actually allow users to deposit any asset and leverage","url":"https://www.youtube.com/watch?v=EaFdss8DPxM&t=413s"},{"start_seconds":421,"text":"against it um we have teams building lending protocols particularly targeting very popular but underutilize assets","url":"https://www.youtube.com/watch?v=EaFdss8DPxM&t=421s"},{"start_seconds":428,"text":"like an xrp uh or a Dogecoin or even a Bitcoin uh and eventually you will even be able to borrow against your entire","url":"https://www.youtube.com/watch?v=EaFdss8DPxM&t=428s"},{"start_seconds":435,"text":"portfolio of assets that might span across multiple chains and open opening up an entirely New Capital base uh and then we of course have teams building in","url":"https://www.youtube.com/watch?v=EaFdss8DPxM&t=435s"},{"start_seconds":443,"text":"like the the uh yield space the reaking space that will allow you to restake any cryptographic asset across any chain to","url":"https://www.youtube.com/watch?v=EaFdss8DPxM&t=443s"},{"start_seconds":450,"text":"show a little bit about how this could work very similar to the example that uh Alex gave earlier this is a team called Omni Lane uh who's built cross chain swaps that um will enable you to swap","url":"https://www.youtube.com/watch?v=EaFdss8DPxM&t=450s"},{"start_seconds":459,"text":"between any two assets on any chain uh you can see here I basically connected my metamask account and then I'm just going to go through and swap from the","url":"https://www.youtube.com/watch?v=EaFdss8DPxM&t=459s"},{"start_seconds":467,"text":"polygon test net over to base uh and it works pretty similar to the to the uh the intense layer where you'll basically find a solver who will fulfill this for","url":"https://www.youtube.com/watch?v=EaFdss8DPxM&t=467s"},{"start_seconds":475,"text":"you in just a matter of seconds and this experience will be replicable across a variet chance and then last but not least we","url":"https://www.youtube.com/watch?v=EaFdss8DPxM&t=475s"},{"start_seconds":482,"text":"have account abstraction um we have a lot of very exciting teams building in this space particularly bitsa on like the kind of AI agent powered and user","url":"https://www.youtube.com/watch?v=EaFdss8DPxM&t=482s"},{"start_seconds":490,"text":"experience um we have one of the most used apps in crypto if you're familiar with the hot wallet which is built in telegram they've actually deployed 6","url":"https://www.youtube.com/watch?v=EaFdss8DPxM&t=490s"},{"start_seconds":498,"text":"million account abstra chain uh chain signatures powered wallets they can actually like custody assets across a variety of chains um and then we have","url":"https://www.youtube.com/watch?v=EaFdss8DPxM&t=498s"},{"start_seconds":507,"text":"teams like sweat who is one of the the largest kind of mass Market user apps and is now able to exp bring their 100","url":"https://www.youtube.com/watch?v=EaFdss8DPxM&t=507s"},{"start_seconds":514,"text":"million user plus uh base uh across a variety of different uh of different blockchains and applications and then tomorrow you guys will be getting a very","url":"https://www.youtube.com/watch?v=EaFdss8DPxM&t=514s"},{"start_seconds":522,"text":"special announcement from uh a very exciting team who's who's building in this space as well um I think what's super exciting about like what bits has been able to do is that they can take a","url":"https://www.youtube.com/watch?v=EaFdss8DPxM&t=522s"},{"start_seconds":531,"text":"new design pattern like a pass key based wallet uh and they can let you create a unified balance across a variety of different chains so like you can see","url":"https://www.youtube.com/watch?v=EaFdss8DPxM&t=531s"},{"start_seconds":539,"text":"here um that I'm actually have some ethereum on a few different chains in my bits of wallet and I can actually go and I can just connect my bits of wallet to Unis","url":"https://www.youtube.com/watch?v=EaFdss8DPxM&t=539s"},{"start_seconds":548,"text":"swap or any other uh any other application that supports wallet connect and I can suddenly send transactions from that application so you can see","url":"https://www.youtube.com/watch?v=EaFdss8DPxM&t=548s"},{"start_seconds":555,"text":"here I'm actually like sending this this unisoft swap approving it on the bit side I'll actually sign using my uh Pass","url":"https://www.youtube.com/watch?v=EaFdss8DPxM&t=555s"},{"start_seconds":562,"text":"key on my Mac and then I've completed this transaction you can see I now swapped from some ethereum on base to uh","url":"https://www.youtube.com/watch?v=EaFdss8DPxM&t=562s"},{"start_seconds":569,"text":"to some usdc on a different chain um and of course you can do this through uh the AI agent platform as","url":"https://www.youtube.com/watch?v=EaFdss8DPxM&t=569s"},{"start_seconds":578,"text":"well so those are three of the areas we see a lot of teams building in I think uh a really cool direction that we're going to be able to go that's uniquely","url":"https://www.youtube.com/watch?v=EaFdss8DPxM&t=578s"},{"start_seconds":586,"text":"unlocked by this MPC technology is actually building truly Unstoppable autonomous AI agents uh so we had Alex","url":"https://www.youtube.com/watch?v=EaFdss8DPxM&t=586s"},{"start_seconds":594,"text":"gnov mention earlier how you're going to be able to basically receive a uh verified request from an llm by using a","url":"https://www.youtube.com/watch?v=EaFdss8DPxM&t=594s"},{"start_seconds":602,"text":"trusted execution environment that's a really exciting primitive that lets you interact with uh an AI model and know that you were served from the AI model","url":"https://www.youtube.com/watch?v=EaFdss8DPxM&t=602s"},{"start_seconds":609,"text":"you're aiming to interact with uh but I think what's even more interesting is when you combine this with the key resiliency of the multi-party","url":"https://www.youtube.com/watch?v=EaFdss8DPxM&t=609s"},{"start_seconds":617,"text":"computation technology you can actually have these agents that'll just live as long as the network lives uh everyone's really excited about the idea of well","url":"https://www.youtube.com/watch?v=EaFdss8DPxM&t=617s"},{"start_seconds":625,"text":"effectively enabling like a Skynet uh but no one's really put together the pieces to actually Empower this today so like we see a lot of hype on you know Twitter right now about what what is","url":"https://www.youtube.com/watch?v=EaFdss8DPxM&t=625s"},{"start_seconds":633,"text":"going to be able to be unlocked with these Primitives uh and I'm excited that we're actually going to be able to deliver this Tex stack immediately so","url":"https://www.youtube.com/watch?v=EaFdss8DPxM&t=633s"},{"start_seconds":641,"text":"you can imagine that you basically have that AI agent that will be like have most of its sort of uh information and state either living on the near","url":"https://www.youtube.com/watch?v=EaFdss8DPxM&t=641s"},{"start_seconds":648,"text":"blockchain or a variety of decentralized Technologies a user will then be able to prompt this agent you'll see like a trusted execution environment where someone's running this model that'll","url":"https://www.youtube.com/watch?v=EaFdss8DPxM&t=648s"},{"start_seconds":656,"text":"basically return the response and then the proof for the response using the remote attestation uh and then this this uh this response will be able to","url":"https://www.youtube.com/watch?v=EaFdss8DPxM&t=656s"},{"start_seconds":664,"text":"interact with a near smart contract to then sign something somewhere uh and because this smart contract will be using this distributed MPC technology","url":"https://www.youtube.com/watch?v=EaFdss8DPxM&t=664s"},{"start_seconds":672,"text":"what that means is that in order to take this agent offline you have to take down the entirety of the network which is going to be extremely difficult to do so this is how we can unlock these kind of","url":"https://www.youtube.com/watch?v=EaFdss8DPxM&t=672s"},{"start_seconds":681,"text":"truly perpetual and autonomous AI agents um which you know we're very excited to see how people build with this","url":"https://www.youtube.com/watch?v=EaFdss8DPxM&t=681s"}],"youtube_url":"https://youtube.com/watch?v=EaFdss8DPxM","url":"https://near-pedia.xyz/videos/EaFdss8DPxM"}