Topics Artificial Intelligence (AI)

SkyAI (SKYAI): Building the backbone of AI in a multichain world

Intermediate
Artificial Intelligence (AI)
Explainers
Altcoins
May 22, 2025

The power of artificial intelligence remains untapped in blockchain ecosystems due to data fragmentation and integration challenges. SkyAI (SKYAI) is changing this reality with its Model Context Protocol (MCP), enabling seamless AI capabilities across multiple blockchain networks.

This article examines SkyAI's innovative infrastructure, development history and ecosystem features and evaluates its potential to transform the way that decentralized applications (DApps) harness artificial intelligence. We'll also assess whether SKYAI represents a worthwhile investment, now that its presale has concluded and live trading has begun. 

Key Takeaways:

  • SkyAI is a web3 data infrastructure project that builds blockchain-native AI infrastructure through its innovative Model Context Protocol (MCP).

  • Looking to trade SkyAI tokens? Bybit now offers the SKYAIUSDT Perpetual contract for trading.

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What is SkyAI?

SkyAI is a web3 data infrastructure project that builds blockchain-native AI infrastructure through its innovative Model Context Protocol (MCP). It provides scalable and interoperable data services for AI applications across multiple blockchain networks with over 10 billion rows of structured on-chain data.

History of SkyAI

SkyAI launched in early 2025 to address the disconnect between blockchain technology and artificial intelligence. Many existing AI projects on chains like BNB Chain and Solana operate mostly as conceptual frameworks, or simply as traditional AI wrapped in a web3 shell. SkyAI was created to address these limitations by developing truly blockchain-native AI infrastructure.

In April 2025, SkyAI conducted its presale, drawing participation from over 110,000 wallet addresses. These contributors collectively provided 83,848 BNB (approximately $50 million), despite an initial hard cap of only 500 BNB. The team subsequently processed refunds for the excess contributions per the terms established for the presale.

What does SkyAI aim to achieve?

SkyAI aims to solve several critical challenges currently hindering the effective implementation of AI in blockchain environments:

  1. Limited service capabilities of on-chain AI agents: Current AI agents on blockchains such as BNB Chain and Solana are severely limited by their inability to access real-time on-chain data, which significantly hampers their efficacy and utility. SkyAI enhances these capabilities by providing direct access to comprehensive blockchain data.

  2. Data silos and fragmentation: Valuable on-chain or aggregated data is often locked within proprietary systems, preventing its full utilization. SkyAI introduces “data liquidity” to unlock this potential and create an open, on-chain data economy ecosystem.

  3. Technical barriers: Users struggle with concepts such as private keys and transaction approvals, while developers face challenges with ABIs, transaction signing and smart contract building. SkyAI simplifies these processes through AI-powered interfaces.

  4. Cross-chain compatibility issues: Current blockchain ecosystems often operate in isolation, making it difficult for applications to work across multiple chains. SkyAI addresses this limitation by building a multichain data service that aggregates and normalizes data from different blockchain networks.

The core vision behind these efforts is to create the infrastructure necessary for AI to become a native, rather than external, component of blockchain technology — fundamentally changing the way that value and information flow through decentralized systems.

How does SkyAI work?

SkyAI uses the innovative extended Model Context Protocol (MCP) that serves as a sophisticated bridge between blockchain data and artificial intelligence systems. This technological breakthrough enables seamless communication between previously isolated domains and opens new possibilities for intelligent blockchain applications.

The platform excels at transforming complex blockchain data into structured formats that AI models can easily understand and analyze. With over 10 billion rows of on-chain data already aggregated from BNB Chain and Solana, SkyAI provides AI agents with unprecedented insight into blockchain activities while planning expansion to Ethereum and Base.

Smart contract APIs power the dynamic data integration capabilities within SkyAI's architecture. These application program interfaces allow AI agents to directly access blockchain information in real time without intermediaries across multiple operational networks, creating a unified data layer that eliminates isolation between different blockchain ecosystems.

Trusted execution environment technology ensures robust security throughout the SkyAI system, particularly when handling sensitive information, such as DeFi protocol liquidity data. This integrated approach creates an infrastructure in which artificial intelligence can directly interpret and interact with blockchain data across networks.

Features of SkyAI

SkyAI provides the following core features that work together to bridge the gap between blockchain data and artificial intelligence.

Extended Model Context Protocol (MCP)

The Model Context Protocol (MCP) is at the heart of SkyAI's innovation. Originally proposed by Anthropic to standardize communication between AI models and external tools, SkyAI has extended this protocol to specifically address blockchain integration needs.

SkyAI's extended MCP enables AI models to directly access and interpret blockchain data without requiring specialized blockchain knowledge. This extension supports multichain data services for large language models, allowing them to understand and interact with various blockchain networks seamlessly.

The protocol is compatible with existing MCP clients, while also offering dedicated clients to fully demonstrate the extended protocol's capabilities. This backward compatibility ensures that SkyAI can integrate with current AI systems while advancing new capabilities.

Multichain AI ecosystem

SkyAI's multichain AI ecosystem is designed to break down the silos between different blockchain networks. By supporting data aggregation and normalization across multiple chains, SkyAI creates a unified layer for AI applications to interact with blockchain data, regardless of its source.

Currently, SkyAI supports aggregated datasets from BNB Chain and Solana, totaling over 10 billion rows of data. The project’s road map includes expansion to Ethereum and Base chains, with further integrations planned.

MCP Marketplace

The MCP Marketplace provides a decentralized exchange (DEX) where data providers can sell blockchain information directly to users and developers. By implementing standardized formats, the platform makes data services discoverable and accessible across multiple networks without intermediaries.

Data providers need only to conform to MCP protocol standards, rather than develop custom interfaces — a practical approach that eliminates the technical burden of building separate UI/UX components and allows providers to focus on their data services while still effectively monetizing them.

Blockchain-based payment systems automatically handle all marketplace transactions. This structure ensures contributors receive fair compensation for their data, while at the same time creating economic incentives that attract quality services and promote ongoing participation in the SkyAI ecosystem.

Playground

SkyAI's Playground provides a hands-on environment in which anyone can interact with blockchain data via AI models without technical expertise. Users simply enter natural language queries to analyze on-chain information, experiment with different AI agents and visualize insights from multiple blockchain networks.

The platform functions both as an educational tool for newcomers and as a development sandbox for experienced users. This design allows people to learn about blockchain AI capabilities, while enabling developers to quickly test concepts and prototype applications before committing to full-scale implementation.

SkyAI road map

SkyAI has outlined the following ambitious road map that highlights its commitment to growth and innovation.

2025 Q1–Q2:

  • Launch of the extended MCP protocol and data integration from BNB Chain and Solana

  • Official website and community channel launches

  • Launch of the MCP Marketplace 

  • First industry partner integrations (expected from logistics and gaming sectors)

  • Launch of cross-chain AI computation features

2025 Q3–Q4:

  • Strengthening cooperation with major LLMs, such as GPT, Claude and Gemini

  • Integration with Ethereum and Base blockchains

2026 and Beyond:

  • Complete integration with ZK-based chains, such as Scroll and ZKsync

  • Launch of mobile app and dashboard for real-time AI model tracking

  • Transition of governance to DAO, putting SKYAI in the hands of its community

SKYAI tokenomics

SKYAI functions as the native BEP-20 token of the SkyAI ecosystem with a total supply of 1 billion tokens. The token powers the entire platform, and is used as payment for data services, for governance voting rights and staking rewards through veSKYAI, and as a settlement currency within the MCP Marketplace.

SKYAI implements a pay-as-you-go model whereby users only pay for resources they consume, eliminating expensive subscription requirements and maximizing cost efficiency. The token’s distribution prioritizes community ownership, with 80% allocated to the community and 20% reserved for liquidity.

As of May 19, 2025, SKYAI is trading at approximately $0.063 and has a market cap of $63 million. Recent performance shows strong momentum, with a 41.5% increase over the past week and consistent daily trading volumes exceeding $21 million.

Where to buy SKYAI

Looking to trade SkyAI tokens? Bybit now offers the SKYAIUSDT Perpetual contract, following SkyAI's successful launch. To get started, you'll need to create a Bybit account, complete verification, deposit USDT and navigate to the SKYAIUSDT Perpetual contract trading page

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Is SKYAI a good investment?

While SkyAI represents a pioneering solution for integrating AI capabilities into blockchain ecosystems through its innovative MCP protocol, investors must carefully weigh its significant growth potential against various risk factors.

Growth potential

  • The extended MCP protocol creates a technological breakthrough in blockchain/AI integration

  • Strong market validation with an oversubscribed presale

  • Strategic funding, including 100,000 USDT from the BNB Chain Incentive Program

  • Multichain compatibility with BNB Chain and Solana, with Ethereum and Base integration planned

  • SkyAI’s decentralized marketplace model creates economic alignment between data providers and consumers

  • Recent price performance shows gains of over 75% over the past two weeks

Risk factors

  • Some key components of the product development timeline aren’t yet fully operational

  • Increasing competition in the blockchain/AI integration space from both specialized projects and tech giants

SkyAI shows promising potential, with a data-first approach to blockchain-AI integration, as well as significant community backing. The growing demand for intelligent applications in web3 provides a favorable market environment. However, potential investors should conduct their own thorough research to consider how SkyAI may fit within a diversified portfolio.

Closing thoughts

SkyAI bridges blockchain and artificial intelligence by solving challenges around critical data accessibility and cross-chain compatibility. If SkyAI successfully delivers on its road map, it could enable a new generation of AI-powered DApps that operate seamlessly across network boundaries while remaining accessible to mainstream users.

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