Interview with Griffian Founder: Encrypting Cryptocurrency as Easy as Typing, Market Value Reaches 430 Million USD.
Since AI tokens became the market’s champion topic, many applications related to AI tokens have emerged. Tony Plasencia, the founder of Griffian, an AI-driven cryptocurrency application that aims to simplify user operations on the blockchain, was interviewed on 1/5. He shared his thoughts on the current issues users face on the chain, as well as Griffian’s future vision, challenges, and development plans.
Introduction of Tony Plasencia
Plasencia, who previously worked as a policy analyst at Uber, has invested in several startups, including Thumbtack, a US household service website supported by Sequoia Capital, and Ritual, a social platform for ordering meals. In 2022, Plasencia founded the first blockchain project, Underdog Protocol, as a stepping stone into the blockchain industry. Underdog is a platform that allows the issuance of NFTs and Solana on-chain tokens (SPL) without the need for code. It focuses on using “personal future value” as tokens for financing, allowing users to support the future development of token issuers. Later, he developed Blinkdotfun, a platform specialized in issuing Blinks tokens and NFTs, which combines the features of social media, allowing users to share links and directly promote or issue tokens. Griffian, developed by Plasencia on 11/1 last year, can be considered his most successful project. It automatically calls the most suitable AI agent for users to complete tasks based on their needs. Griffian has also received strong support from the Solana ecosystem.
Griffian aims to make cryptocurrency operations as simple as typing
Plasencia positions Griffian as an AI app specifically designed for cryptocurrency enthusiasts, focusing on eliminating complex operations. Users can simply input their needs with their fingers, and AI takes care of everything, making it as simple as typing. Plasencia stated that this concept originated from a hackathon sponsored by Robinhood, Solana, and OpenAI in San Francisco. He added, “At that time, when our team participated, we developed an AI agent that could conduct transactions through Telegram. But later on, we realized that AI could solve many difficulties in on-chain operations, and that’s how Griffian came about.”
Griffian aims to solve the problem of complicated on-chain operations with AI
Plasencia pointed out that for many people, the threshold for operating cryptocurrencies is still too high, involving a lot of tedious processes from researching currencies to trading. He jokingly said, “Teaching friends how to use cryptocurrencies may take several hours of hands-on teaching, researching Twitter accounts, looking at charts, analyzing market conditions. Everything is super troublesome.” Plasencia stated that Griffian’s goal is to use AI to solve these pain points. By combining natural language processing (NLP) with blockchain, users only need to input their needs with their fingers to complete transactions, research currencies, or even create NFTs and other complex tasks.
Griffian’s current features and future goals
Plasencia mentioned that Griffian currently focuses on two tasks:
Product stability: Ensuring that users can complete every operation smoothly without any obstacles.
Expansion of application functions: Introducing more features in the “Griffin App Store,” such as the AI agent function in collaboration with the portfolio tracking platform Asset Dash. Users can interact with NLP to analyze market data. Plasencia revealed, “It’s not just about monitoring wallets; it will also have powerful trading function support. The details will be announced within the next two weeks.” Additionally, Plasencia mentioned that as the tax season approaches, Griffian is also developing a feature called Agent Runner to help users deal with cryptocurrency-related tax issues.
Building an all-in-one on-chain experience, Griffian
Plasencia has a clear vision for Griffian’s future. He stated that the current on-chain operations are too fragmented, and each step, from connecting wallets to switching networks, makes users impatient. Griffian allows users to complete all operations easily without the need for frequent network and page switching.
Regarding the fierce competition in the market of combining AI with cryptocurrencies, Plasencia has his unique perspective. He said, “We focus on our own products and future vision, and we won’t be led by our competitors. The important thing is to ensure that Griffian can provide users with a stable and interesting user experience.” Plasencia revealed that Griffian has already attracted many partners and plans to collaborate with Solana’s mobile devices in the future, as well as continue to expand features and promote to more users. According to CoinGecko data, Griffian currently has a market value of approximately $430 million, and the price of the GRIFFIN token has reached $0.42. Whether Griffian will continue to develop more AI agent functions as the AI token trend rises remains to be seen.
(Risk Warning: Cryptocurrency investment carries high risks, and prices may fluctuate dramatically. You may lose all your capital. Please assess the risks carefully.)
