Since AI tokens became the talk of the market, 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, shared his insights on the current problems users face on the chain, as well as Griffian’s future vision, challenges, and development plans in an interview on 1/5.
Introduction of Tony Plasencia
Plasencia, who previously worked as a policy analyst at Uber, has invested in several startups, including Thumbtack, a US home services website that has received support from well-known venture capital firms such as 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 SPL tokens without the need for code, focusing on using “personal future value” as tokens for financing, enabling users to support the future development of token issuers. He also developed Blinkdotfun, a platform specifically for issuing Blinks tokens and NFTs, which combines the characteristics 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, as it automatically calls the most suitable AI agent for users to complete tasks based on user 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 designed specifically for cryptocurrency enthusiasts, aiming to eliminate complex operations so that users can simply input their demands with their fingers, making it as easy as typing and leaving everything to AI. Plasencia stated that this concept initially emerged at a hackathon sponsored by Robinhood, Solana, and OpenAI in San Francisco. He added, “At that time, when our team participated in the competition, we developed an AI agent that could conduct transactions through Telegram. However, we later realized that AI could solve many difficulties in blockchain operations, which led to the creation of Griffian as it is today.”
Blockchain operations are too cumbersome, and Griffian aims to solve this problem with AI
Plasencia pointed out that for many people, the threshold for cryptocurrency operations is still too high, and a lot of tedious processes are required from researching currencies to trading. He jokingly said, “Teaching a friend how to use cryptocurrency may take several hours of hands-on teaching, researching Twitter accounts, looking at charts, and analyzing market conditions. All of this is super annoying.” Plasencia stated that Griffian’s goal is to use AI to solve these pain points, combining natural language processing (NLP) with blockchain, allowing users to complete transactions, research currencies, and even create NFTs and other complex tasks with just a few taps of their fingers.
Griffian’s current features and future goals
Plasencia stated that Griffian currently focuses on two tasks:
Product stability: Ensuring that users can successfully complete every operation without any obstacles.
Expansion of application features: Launching more features in the “Griffin App Store,” such as the AI agent function in collaboration with the portfolio tracking platform Asset Dash, allowing users to analyze market data through interaction with NLP. Plasencia revealed, “This is not just about monitoring wallets; there will also be powerful trading function support, and details will be announced within the next two weeks.” Additionally, Plasencia mentioned that as tax season approaches, Griffian is also developing a feature called Agent Runner to help users deal with cryptocurrency-related tax issues.
Creating an all-in-one blockchain experience, Griffian faces market competition with ease
Plasencia has a clear vision for Griffian’s future. He stated that the current blockchain operations are too fragmented, with each step, from connecting wallets to switching networks, making users impatient. Griffian eliminates the need for frequent network and page switching, allowing users to easily complete all operations. Regarding the fierce market competition of AI combined with cryptocurrency, Plasencia has a unique perspective. He said, “We focus on our own products and future vision, and we won’t be led by competitors. The important thing is to ensure that Griffian provides users with a stable and enjoyable 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 functionality and promote it 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. As for whether Griffian will continue to develop more AI agent features as the AI token trend rises, we will wait and see.
Risk Disclaimer
Cryptocurrency investment carries a high level of risk, and prices may fluctuate dramatically, resulting in a potential loss of all capital. Please carefully evaluate the risks.