[REDACTED] 2024 | Alex Shevchenko - Intents layer

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1. 0:00

   um hello everybody uh I'm going to talk about intents for agent cooporation and in order to start I want to share with you one quote of a person that really changed all of our Lives Albert Einstein so he said that there will be trillions of AI agents and maybe one of them could win the next us elections against Elon Musk and obviously this is a joke because Einstein knew that Elon Musk was not born in us so he cannot run for

2. 0:25

   presidency right but in every joke there is a grain of Truth and the grain of Truth here is that there will be trillions of eii Agents just count it by yourself there are billions of people uh there are hundreds of millions of Corporations and they have at least you know 10 to 100 Services inside of all of these corporations we are going to hit this number this is the decentralization

3. 0:49

   of the AI agents that we are going to face and the question is how they are able to cooperate and there are multiple stages of the cooperation for the AI agents that in place they need to discover each other they need to figure out that some OFA agents are specialized in ordering a coffee and others are specialized in closing your banking account they need to figure out how to

4. 1:12

   settle in between them and uh this means that they need to figure out how to pay how they can be accountable for what they are uh promising to each other payment channels is another interesting thing so everybody have heard multiple years ago about microtransactions and stuff like that it was never picked up with the with people just because people for people it's not very convenient to use microtransactions but for AI agents as long as they have the access to compute well they can micr transact with

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   each other and the most convenient way how to do this is through the payment channels and in the end obviously in case something is not working we probably all have seen how large language models are not given to us what we expect them to give to us there needs to be a dispute resolution mechanisms it can be automatic onchain or it can be outside of the chain with you know experts coming in and figuring out how to settle now the thing that we are

6. 2:16

   bringing today is that all of these things are going to be available as a core part of the near protocol and this is our vision for the future of the infrastructure for AI agents cooperations now a little bit into this Vision the decentralized message bus that is going to work in parallel with the near blockchain itself is going to power the communication and discovery of the AI agents um as Elia said we're going to

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   introduce a new type of a action in the new protocol specifically for recording and settlement of the commitments and the third thing is that we're going to open up a we're going to create a new standard for payment channels that are going to settle on top of the blockchain and um already many people have been talking a little bit about the payment channel so just want to throw in something into you so you understand it

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   a little bit more so the payment channel is a a construct that allows you allows two agents to create a channel as a transaction on the network or on the blockchain so this is like an opening transaction and then they can send money to each other uh many different times or many times and then only settle on blockchain with another closing of the payment General transaction right so that's the thing that is going to be introduced and obviously you're going to

9. 3:47

   say to me yeah yeah the vision for the future infrastructure yeah very interesting Alex as always uh but this is not the thing this is the piece that I'm delivering to you on the vision side uh but if you know me I always try to ship something and give something into your hands so you can try it right here right now and the first use case for the intent uh Co for intent on new protocol is something that you are able to use

10. 4:19

    right here right now and this is uh multi-chain Dex so kind of not very funny right but but actually it is fun I will encourage you to to check it out but before we're going to take a look at the demo I would like to pay your attention to four abstractions that are introduced in this product first one is obviously chain abstraction the tokens the chains that these decks is integrated uh it's not

11. 4:50

    only a single chain right uh near Bitcoin ethereum arbitrum and base are integrated right now and more chains to come we do have a wallet abstraction in this solution so that it doesn't matter with which wallet you're going to sign in currently we support near wallets all of the near wallets that support message signin and also ethereum wallets including metamask coinbase wallet wallet connect wallets and all this all of this stuff is there the third thing

12. 5:23

    is a token abstraction everybody are tired of usdc on base usdc on ethereum there is only one usdc in the platform there is only one usdt on the platform there is only one e so it feels like a centralized exchange and the last and the most important is that there is a contract abstraction users are not calling any contracts users are not U signing transactions that they don't understand there is no blind sign in that is

13. 5:59

    happening there that causes lots of problems especially in cases when the supply chain of the front end is compromised so let's see it in action you are going to app. near intense org and you're able to connect to it with metamask directly by the way everything that works here is going on the near protocol right so I'm choosing the deposit token and this is tether from the ethereum

14. 6:27

    blockchain I'm copying the deposit address go into my metamask and I'm just sending tether to this address exactly the same way how you have been sending um tokens to your centralized exchanges uh of the choice the deposit is received and now you're able to do the swapping swaps are happening in between usdt and usdc please know that there is no particular chains that are connected with it and

15. 6:58

    you're able to draw usdc in this case in Bas you put in your wallet address and you sign a message you're not signing a transaction this is just a message that you have signed and it's settled on near protocol and if you will check it out there is this usdc available on your on your account with the rest of usdt we're going to do something that is even more crazy we're going to swap it into Bitcoin directly you're again going to

16. 7:29

    to sign a message for doing the Swap and you're going to withdraw this Bitcoin into the Bitcoin blockchain by again signing a message and and just like that Satoshi got approximately $50 um uh worth of bitcoin into his account um what you have just seen is reference implementation for the intent protocol it is not intended to be the place where you can go though you can do it right here right now but this is

17. 8:09

    something that we see that is going to be incorporated in all of the wallets in all of the front ends that have users um uh this is not kind a final product but instead this is a platform that everyone is able to use in order to give this uh solution uh to the users now there are more things that are going to uh to be developed within the near intent par Paradigm uh obviously the first things that we're going to focus on is adding offchain services and

18. 8:40

    AI agents for this um so a little bit of a different types of an tense rather than just swapping one token into another right there will be new chains that are added in these lines uh these lays inside of the direction of the chain abstraction so the first chains that are going to be ated and we're targeting for for ton and salana to be added by the end of the year uh and even

19. 9:04

    more chains are going to be added because of the unique uh position of the chain abstraction narrative in near protocol we are able to do everything that you have seen with the chains that do not have any smart contracts and to my best knowledge the uh this type of swapping in a permissionless manner is the first in the industry um we are going to integrate all of this with applications and uh market makers and solvers um uh right

20. 9:36

    away again we are not keeping this inside but instead this is an open platform this is an open protocol for everyone so uh if you would like to see this on your website just uh get in touch with me and we'll figure out how to do this we're going to help you to integrate all of this this solution just on in the realm of um AI uh we are going to add additional pieces of this financial infrastructure into this this platform including account F or the ability to um trade accounts lend

21. 10:11

    accounts to other people uh we are going to introduce a shared liquidity pool against which the market makers will be able to borrow which is going to make the swaps even more efficient uh lending is going to be introduced and more and more of the other Primitives uh as I said or already a couple of times the platform is open and anyone is able to introduce their own types of intents that they would like to be available for

22. 10:37

    everybody and for the front ends to use and uh lastly all of this is working as smart contracts on near right now but as I was saying we would like to integrate it deeper on the protocol level to make it even more efficient and as a standard for everybody intense power the future of near as the block chain for AI and I'm super excited that we are building this thing all together with all of the community you're able to access it right here right now with your near or

23. 11:11

    metamask wallets you can forget already today about using your centralized exchange for swapping this usdt into Bitcoin instead you can do it directly on the near protocol in a decentralized manner go and check out near in.org