coincodex.com
Key highlights:
- Chromia’s Asgard upgrade introduces Extensions to enhance blockchain capabilities, starting with real-time Oracle services.
- The Oracle Extension supports DeFi applications, including lending platforms and decentralized exchanges.
- Chromia plans to launch an AI Inference Extension in Q1 2025, enabling on-chain execution of AI models.
Chromia unveils Oracle Extension and future AI capabilities
Chromia, a Layer-1 relational blockchain platform, has announced the successful implementation of its Asgard mainnet upgrade. This milestone introduces Chromia Extensions, a modular framework that enhances the network’s ability to support decentralized finance (DeFi) and artificial intelligence (AI) applications. The first extension, a fully on-chain Oracle service, is now live.
The Oracle Extension delivers real-time price feeds updated approximately once per second. Designed to support advanced DeFi applications, it facilitates the creation of decentralized exchanges, futures and options markets, and lending platforms.
The Oracle Extension lays the groundwork for an expansion of decentralized finance activity on the Chromia network and the growth of network value.
—Ludvig Öberg, VP of the Chromia Platform Unit
Expanding blockchain’s role in AI and DeFi
In addition to launching Oracle functionality, Chromia is actively building connections to the broader cryptocurrency ecosystem. These efforts include integrating native CHR tokens and Chromia-based assets with centralized exchanges and cross-chain wallets, enhancing accessibility for developers and users.
Looking ahead, Chromia plans to introduce the AI Inference Extension in Q1 2025. This module will enable developers to run AI models directly on-chain using Chromia’s decentralized provider network.
As the world’s only relational blockchain, Chromia has demonstrated its ability to bring transparency to AI and other data-intensive use cases. The AI Inference Extension will take this a step further, enabling on-chain execution of AI models.
—Yeou Jie, Head of Business Development at Chromia
Diverse applications and future integrations
Following the Asgard upgrade, Chromia plans to release a public demo of the Oracle Extension, with integrations into DeFi protocols expected soon after. These developments underscore Chromia’s commitment to broadening its use cases across gaming, enterprise, and AI, further solidifying its position as a versatile blockchain platform.
The bottom line
Chromia’s Asgard mainnet upgrade highlights its efforts to push the boundaries of blockchain functionality. By launching real-time Oracle services and paving the way for AI capabilities, Chromia is set to play a critical role in advancing DeFi and AI applications. These innovations not only enhance the platform’s utility but also position Chromia as a key player in the evolving blockchain landscape.