Chromia’s Asgard Upgrade: A New Chapter for DeFi and AI
- Introduction of the Asgard Mainnet Upgrade
The Chromia blockchain team has proudly announced the successful rollout of its Asgard mainnet upgrade, which brings a host of new features and enhancements to the platform. This upgrade significantly boosts the capabilities of this Layer 1 blockchain, providing users with specialized tools designed to enhance their experience.
- Enhancing Decentralized Finance and AI Applications
The Asgard mainnet introduces Chromia Extensions, which are set to foster growth in decentralized finance (DeFi) as well as artificial intelligence (AI)-driven applications within the Chromia ecosystem. This initiative was unveiled on November 15, with developers optimistic about how it will transform data organization on the blockchain, ultimately reshaping Web 3 application development.
- Modular Framework for Customization
Utilizing a modular framework allows developers to create tailored dApp chains that feature customizable fee structures and advanced digital assets. The newly introduced extensions serve as modular upgrades that empower developers to add functionalities atop the existing infrastructure while preserving its inherent advantages.
Oracle Extension: Real-Time Data at Your Fingertips
One of the standout features is the Oracle Extension, which delivers real-time price feeds directly on-chain—updated approximately every second. This functionality equips developers within Chromia’s ecosystem with essential tools for building various DeFi applications such as decentralized exchanges, futures trading platforms, and lending protocols.
Ludvig Öberg, Vice President of Chromia’s Platform Unit, expressed confidence in how this extension will catalyze growth in DeFi activities across their network. He stated that “the Oracle Extension lays a solid foundation for expanding decentralized finance operations on Chromia.”
According to official statements from the team, launching this extension aligns perfectly with their mission to strengthen ties within the broader cryptocurrency landscape. Recent initiatives have focused on integrating native CHR tokens alongside other tokens based on Chromia into centralized exchanges and cross-chain wallets.
A public demonstration showcasing these capabilities is anticipated soon after integrations by various DeFi protocols are completed.
Upcoming AI Inference Extension Set for Early 2025 Launch
In addition to these advancements, plans are underway for an AI Inference Extension expected in early 2025. This module aims to allow developers direct execution of AI models on-chain through Chromia’s decentralized provider network. The newly established Data and AI Division is dedicated to creating tools that promote transparency regarding training data used in AI processes.
Yeou Jie, Head of Business Development at Chromia remarked about their vision: “Our goal is clear—we want transparency integrated into all aspects related to artificial intelligence.”
He further emphasized that “As a unique relational blockchain solution globally available today,” they aim not only at enhancing transparency but also enabling efficient execution of complex data-driven tasks directly onto their platform through this upcoming extension.
Conclusion: A Comprehensive Update Supporting Diverse Applications
The Asgard mainnet represents a significant technical advancement for Chromia by facilitating support across multiple sectors including gaming, finance management systems like DeFi solutions or enterprise-level applications involving artificial intelligence technologies among others.
This comprehensive update positions them favorably within an evolving digital landscape where adaptability remains crucial.
