Valory Unveils ‘Genie’ at EthCC: Supercharging the Creation of Agents for Olas & Beyond

Valory Unveils ‘Genie’ at EthCC: Supercharging the Creation of Agents for Olas & Beyond

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July 10, 2024 by Editor's Desk
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During this year’s Ethereum Community Conference (EthCC) in Brussels, Belgium, Valory announced the introduction of Genie at Valory’s own “Agents Unleashed” event. Genie is an AI agent that acts like a software engineer to generate autonomous AI agents, thereby revolutionizing the developer experience for Builders in the Olas ecosystem. Valory has been at the forefront
Valory Unveils ‘Genie’ at EthCC Supercharging the Creation of Agents for Olas & Beyond

During this year’s Ethereum Community Conference (EthCC) in Brussels, Belgium, Valory announced the introduction of Genie at Valory’s own “Agents Unleashed” event. Genie is an AI agent that acts like a software engineer to generate autonomous AI agents, thereby revolutionizing the developer experience for Builders in the Olas ecosystem.

Valory has been at the forefront of integrating AI and blockchain technology to create open-source and user-ownable autonomous agents since 2021. Valory is a co-creator and core contributor of Olas, the platform for co-owning AI, which has generated swarms of autonomous agents that have made over 900,000 transactions at the time of this writing.

The launch of Genie unveils an ‘agent-generating agent,’ drastically simplifying the developer experience and pushing the boundaries for what’s possible in crypto and beyond. It will be made available via Valory’s Propel platform, which offers development and deployment solutions for autonomous agents.

What is Genie?

Genie creates fully-operational autonomous agents 10x faster than a human developer can. Tailored for use by Builders in the Olas ecosystem, Genie utilizes generative AI and blockchain technologies to take design specifications from natural language, turning them into fully-functional autonomous AI agent code, ready for deployment on Olas and beyond.

Key Features

  • Prompt to Full-Agent Execution – Through Genie’s intuitive interface, users begin by defining their agent in natural language. Genie translates these descriptions into a technical roadmap, known as a Finite State Machine (FSM) specification, which outlines the essential structure for the autonomous agent architecture. This roadmap becomes the basis for further automatically-generated code that forms the skeleton of the new agent. Users then have the chance to refine and approve this foundation, simplifying the development process and ensuring that the end product matches perfectly with their vision, making it quicker and easier to move from idea to reality.
  • Interactive Development Environment – Genie’s user-friendly framework allows developers to design specific components of agents around their own logic. This hands-on approach ensures that the agent flawlessly follows their specifications.
  • Advanced Learning Capabilities – Genie leverages multiple state-of-the-art LLMs to enhance the quality of user-provided prompts, ensuring that the development plan is accurate and optimized for its intended functionality.
  • Rapid Prototyping – Genie enables rapid prototyping through automated workflows to facilitate the swift creation of autonomous agents. This allows developers to quickly build, test, and refine their ideas, significantly speeding up the development cycle. By streamlining the prototyping process, Genie reduces the time it takes to build and test prototypes, empowering developers to adapt more dynamically to evolving requirements.
  • Adaptive Multi-Agent Collaboration – Genie’s innovative architecture employs multiple language models in a collaborative multi-agent system, ensuring a comprehensive, adaptive evaluation at every stage of development. This integration allows for an active feedback loop that continuously refines the agent-creation process. By leveraging the strengths of various specialized agents, Genie enhances the precision of the development and ensures that the final product is robust, reliable, and aligned with desired outcomes.

Industry Significance

Valory’s technological advancement in Genie is a fundamental shift in the development and deployment of autonomous agents. By substantially lowering the barriers of complexity and cost of time that is typically associated with agent creation, Genie enables innovators to realize their visions quicker and with greater flexibility than ever before.

Benefits

Genie takes software developers to new heights of efficiency, providing striking customization options and singular precision to amplify overall productivity.

  • Fast-Track Development – Genie drastically reduces the development timeline by automating the initial phases of code generation and structuring. What previously could take months can now be accomplished in days.
  • Targeted Precision – Each of Genie’s outputs is tailored to the user’s specific requirements, offering a high degree of customization and supporting the generation of more precise outcomes.
  • Optimized Efficiency – Genie gives developers more time to focus on other things due to development time-slashing, allowing them to focus on refining and customizing their projects further than ever before, boosting overall efficiency.

The Future

“One of our main goals at Valory this year has been to provide this massive multiplier for the hundreds of builders and agents already on Olas,” said CEO and co-founder of Valory, David Minarsch. “Genie is that multiplier. Builders can prompt an entire autonomous agent and have it generated within minutes. This is bound to reduce development time by many weeks, enabling faster agent growth in the Olas ecosystem.”

Looking to the future, a range of functionality expansions are planned for Genie, with plans of ever-reducing the complexity and time of creating agents, and the ultimate goal of anyone — not just developers — being able to prompt their own autonomous AI agent.

Be the first to revolutionize the way you create autonomous agents: Discover Genie and join the waitlist here.

 

About Olas

Olas is the platform for co-owning AI. Olas enables everyone to own a share of AI, specifically autonomous agents. One of the first Crypto x AI projects, founded in 2021, Olas offers the composable Olas Stack for developing autonomous AI agents, and the Olas Protocol for incentivizing their creation and co-ownership. Olas’ mission is to incentivize and coordinate different parties to launch autonomous agents that form entire AI economies serving all humans. Olas is giving rise to agent economies across major blockchains with over 900,000 transactions. In Olas Predict, AI agents predict the future, using state-of-the-art AI models, then apply their predictions to on-chain markets. Learn more at olas.network.

 

About Valory

Valory is a research and deployment company at the intersection of crypto and AI. Its mission is to enable communities, organizations, and countries to co-own AI systems, beginning with decentralized autonomous agents. Valory is the VC-backed team of engineers, researchers, and commercial executors that co-founded the Olas DAO^, contribute to the Olas stack, and built the first services using it. Valory is the pioneer of co-owned AI and the expert in decentralized off-chain systems for DAOs. They collaborate with those interested in decentralizing & owning their own apps.

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