Truflation is a blockchain based project project that collects economic data from various sources in order to provide accurate information about inflation of goods and services. It is a project that uses blockchain technology and a DePin network (called the Truflation Stream Network, or TSN) to collate accurate, real-world economic data.
With the growing advancement in AI, truflation launched its own AI index designed especially to track generative AI crypto performance. The global generative AI market is currently valued at $44.89 billion and if it keep continuing the way it does it is speculated to reach whopping $1.3 trillion by 2032.
Stefan Rust, the CEO of Truflation, said that the index targets investors who seek growth by leveraging real time data and diversifying across core asset classes. The AI Index consists of six companies namely, Artificial S-Intelligence Alliance, Akash Network, AIOZ Network, Bittensor, Echelon Prime, and Render. It will serve as a benchmark for both traditional and decentralized finance problems.
The main concern of Truflaiton index is to provide users with accurate pricing details for real-world assets and ultimately helping them make informed decisions. It utilizes decentralized data feeds, indexes and oracles, which are key components of decentralized finance. With over 80 data partners and and more than 20 million items being tracked, Truflation provides accurate information. Furthermore, it also helps track inflation in major countries like UK,US and Argentina.
Therefore, the launch for AI index is set to help investors get a definitive idea on what to invest on.