Chromia, a leading Layer 1 relational blockchain, has launched its highly anticipated Asgard mainnet upgrade. This update marks a pivotal moment for the platform, introducing enhanced features and cutting-edge extensions tailored to decentralised finance (DeFi) and AI-driven applications.
What’s New in the Asgard Upgrade?
The Asgard upgrade introduces Chromia Extensions, modular enhancements that expand the blockchain’s functionality. These extensions empower developers to build specialised applications while leveraging Chromia’s innovative relational data architecture and modular network design. Additionally, Chromia’s gas-free economic model ensures a seamless user experience.
Oracle Extension: Boosting DeFi Innovation
One of the standout features of the Asgard upgrade is the Oracle Extension. This tool provides real-time, fully on-chain price feeds updated every second, enabling the creation of robust DeFi applications such as decentralised exchanges, lending platforms, and derivatives markets.
Ludvig Öberg, VP of the Chromia Platform Unit, emphasised its potential:
“The Oracle Extension lays the groundwork for an expansion of decentralised finance activity on the Chromia network and the growth of network value.”
The Oracle Extension also strengthens Chromia’s integration with the broader cryptocurrency ecosystem, enabling seamless interactions with centralised exchanges and cross-chain wallets.
AI Inference Extension: Bridging Blockchain and AI
Slated for launch in early 2025, the AI Inference Extension promises to revolutionise on-chain AI capabilities. This module will allow developers to execute AI models directly on the blockchain, fostering transparency in AI training data and model execution.
Yeou Jie, Head of Business Development at Chromia, described the extension’s vision:
“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.”
A Foundation for Diverse Use Cases
Beyond DeFi and AI, the Asgard mainnet upgrade positions Chromia to support a range of applications, including gaming, finance, and enterprise solutions. By combining a modular framework with specialised extensions, Chromia offers a versatile platform for developers looking to push the boundaries of blockchain technology.
What’s Next?
The Oracle Extension will soon be available for public demonstration, with DeFi protocol integrations expected to follow. Meanwhile, the AI Inference Extension will debut in Q1 2025, further solidifying Chromia’s role as a pioneer in blockchain innovation.
As the blockchain ecosystem evolves, Chromia’s Asgard upgrade underscores its commitment to driving the future of DeFi, AI, and beyond. Stay tuned for more updates as Chromia continues to shape the next generation of decentralised technology.
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Sources: https://mpost.io/chromia-completes-asgard-mainnet-upgrade-and-launches-oracle-extension/, https://www.artificialintelligence-news.com/news/chromias-asgard-upgrade-launches-new-era-for-defi-and-ai/
