Enabled a new token launch pad Solana allows users to create decentralized applications (dapps) with just an AI prompt.
Launched on September 10, Dappslap is a “marketplace for ideas,” founder Troy Murray shared Declutter.
https://t.co/T2WrkqD46o is live.
Start a dApp with one click.
Currently live on @solana. $SOL pic.twitter.com/ZYDuokwfLk
— dappslap.ai (@dappslap) September 5, 2024
Users can quickly launch a dapp using an AI prompt, and if the dapp escapes a binding curve, the prompt is placed in an AI generator and created. The idea, Murray explained, is that “the best ideas will escape the bond curve,” similar to the way meme tokens are created on launch pads like pump.fun.
The process for setting up a dapp on dappslap is simple: navigate to the website, log in with your wallet, pay a fee of 0.02 SOL, and submit a prompt. As with Pump.fun, a bond curve is created when an idea is offered to the market. Users can buy tokens from the bonding curve, and when it is maximum, the idea is given to the AI generator and created.
Once live, the tokens purchased through the bonding curve are used as governance tokens to govern the new app that is created. “With just a few clicks you get a website login for your dapp, a frontend, and a Solana Rust contract connected to a DAO in our interface,” said Murray.
Dappslap creates a governance dashboard for all fully connected ideas, where token holders supporting the idea can collaborate and make decisions about the future of the dapp. The DAO also automatically collects trading fees from the governance token to fill its coffers. “At the pump. It’s nice when a token escapes the bond curve, it gets put into Raydium and those fees get burned,” Murray explained. Instead, dappslap transfers the pool to a DAO that controls the dapp being created. That means the DAO is funded by trading fees generated by its token and whatever revenue the AI-generated dapp it runs may or may not generate.
Image: dappslap
Once an idea escapes the binding curve, 4.2% of the token supply is locked for a year. Murray argued that other platforms with similar mechanisms suffer from misaligned incentives that can harm users and that dappslap can improve them.
dappslap users do not need to create a dapp or submit an idea to use the platform; they can also browse the ideas market and buy tokens of the ideas they think should be created.
To create dappslap, the team trained an LLM on Web3 data, including open GitHubs, all available APIs and SDKs. With this information, the AI can create Dapps and connect them to all the endpoints needed to function as intended.
The origin of dappslap
Dappslap and its founders are no strangers to the world of crypto. Troy Murray previously helped found BarnBridge, a DeFi protocol that reached a settlement with the SEC in 2023 over unregistered securities sales.
During the settlement negotiation process, the SEC initially determined that none of the team members would be able to work in Web3 again once the case was resolved. At the time, the dappslap team was working on a Web3 streaming service called Xeenon, which they had to scrap completely – a decision Murray described as “heartbreaking.”
“You dedicate the last seven years of your life to an emerging technology that you think will change the world, and the state has the power to take it all away from you,” Murray said. Declutterand adds, “You start to question yourself.”
Turning to AI, Murray and his team developed an AI app generator to generate Web2 applications based on a prompt. Ultimately, the SEC settlement didn’t stop the team from working in Web3, allowing them to rework their AI app building product to focus on dapps and integration with Web3 protocols.
What’s next for dappslap?
After the launch of dappslap, it plans to develop new features, including a ‘Front End Manipulator’. The tool will allow people launching dapps to edit the frontend using AI, and will distribute fees to users who create frontends depending on how many people use them.
Dappslap is also working on functionality that will allow token holders in each dapp’s DAO to use AI to write proposals to modify the project. This would allow people who do not have deep technical acumen to participate in DAO governance in ways not possible in the traditional structure, where tech-savvy DAO members are trusted to submit proposals.
pic.twitter.com/kPRJqlTyRj
— Troy Murray (@TroyMurs) August 6, 2024
Moving on, Murray says, dappslap expects users to be able to build “much more complex dapps and much more complex systems for those dapps, and probably better front ends” as AI models improve. “Some of that will be on us – we’ll have to refine the AI agent system that builds it,” he said, adding: “Some of it will also depend on getting smarter AIs. The best news is that this is currently the dumbest AI you’ll ever use. It just keeps getting smarter.”
To learn more about dappslap (and create your own dapp), visit dappslap.ai.
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