How will ChatGPT affect the Web3 space? Industry answers

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Executives in the Web3 sector anticipated how the artificial intelligence (AI) tool created by OpenAI would have an impact on the sector given the numerous opportunities ChatGPT offered up.

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Various CEOs discussed how the new AI tool will affect the Web3 sector, from deploying the bot for smart contract auditing to improving user interactions with AI.

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The CEO of the company that audits smart contracts, Dmitry Mishunin, thinks ChatGPT will have an impact on the security of smart contracts.

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According to Mishunin, a result like this will be beneficial in the long run since it will drastically lower the number of hacks, which will benefit the overall sector.

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The CEO, though, thinks that there is a chance for things to turn out badly in a way akin to a dystopian novel.

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Mishunin claims that the AI may also exhibit diverse behaviour and act independently to conduct attacks using flaws and vulnerabilities.

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However, senior advisor to XinFin Doug Brooks agrees that ChatGPT has the potential to be used in the creation and evaluation of smart contracts.

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According to Brooks, the AI can be utilised to offer a more natural way to communicate, perhaps boosting Web3 adoption.

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The co-founder of the cybersecurity company Naoris Protocol, Monica Oracova, also offered her opinion on the subject.

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Oracova claims that when the AI exposes flaws that need to be fixed, there may be an increase in hacks in the near future.

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