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Chromia launches a $20 million Data AI Fund and announces the Asgard Mainnet upgrade plan.
Chromia launches a $20 million ecosystem fund and announces Mainnet upgrade plan
A certain relational blockchain platform recently announced the establishment of a $20 million data and artificial intelligence ecosystem fund at an industry conference in Singapore, and it plans to launch a Mainnet upgrade codenamed "Asgard."
The Ecosystem Fund Focuses on Data and Artificial Intelligence
As part of the platform's strategy to expand into the data sector and stimulate ecosystem growth, this $20 million fund will be led by its business development director, focusing on supporting data-intensive projects and artificial intelligence applications.
The platform's business development director stated: "We believe that projects handling large amounts of data require data cleansing and automation to enable artificial intelligence. Our platform provides developers with an ideal environment to process, analyze, and respond to complex datasets in real-time."
The platform's co-founder added: "By supporting AI and other data-centric solutions, we will seek broader partnerships while further expanding the ecosystem in new directions."
"Asgard" Mainnet upgrade introduces expansion features
In addition to the fund, the platform also announced that it will carry out the "Asgard" Mainnet upgrade in the fourth quarter of 2024. This upgrade will introduce the "Extensions" feature, aimed at bringing customized blockchains with new functionalities to the platform. These extensions will be available for use by native dApps and external clients, thereby expanding the platform's capabilities.
It is reported that the proposed extended features include: oracle solutions, AI model computation, as well as data availability and zero-knowledge proof support.
Earlier this year, the platform officially launched its Mainnet and utilized an on-chain relational database architecture, which not only enables effective management of a large amount of interconnected data but also optimizes on-chain queries. This architecture allows it to function both as an independent decentralized application platform and as a relational data layer for Web3 projects based on other blockchains. In addition to supporting some gaming projects, the platform also plans to enter the data market, intensifying its efforts in gaming and other industries.
According to the relevant plan, the ecosystem fund has now started accepting applications, and the "Asgard" Mainnet upgrade is expected to go live by the end of this year, with the "expansion" feature also being developed as planned, expected to be fully launched in 2025.