In-Short:
- Chromia blockchain announces Asgard mainnet upgrade with new capabilities.
- New extensions introduced, including the Oracle Extension for real-time price feeds.
- AI Inference Extension planned for early 2025 to execute AI models on-chain.
- Upgrades aim to enhance DeFi and AI applications on the Chromia network.
Chromia’s Asgard Mainnet Upgrade
The Chromia blockchain has recently completed its Asgard mainnet upgrade, significantly enhancing the platform’s functionality. This upgrade introduces Chromia Extensions, which are set to bolster the growth of decentralized finance (DeFi) and AI-enabled applications. The mainnet’s modular framework allows for customizable fee structures and advanced digital assets, which are expected to revolutionize the development and usage of Web 3 applications.
Oracle Extension Launch
The newly launched Oracle Extension provides on-chain, real-time price feeds, updated approximately every second. This feature is crucial for the development of DeFi applications, such as decentralized exchanges and lending protocols. The Chromia team anticipates that this extension will facilitate an expansion of DeFi activities on their network.
Anticipated AI Inference Extension
Looking ahead to early 2025, Chromia plans to introduce an AI Inference Extension. This extension will allow developers to run AI models directly on the blockchain, leveraging Chromia’s decentralized provider network. The aim is to increase transparency in AI training data and inputs, further establishing Chromia’s position as a relational blockchain capable of supporting a variety of applications, including AI, gaming, finance, and enterprise solutions.
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