Chromia has solidified its plans to reinforce its role in data-centric areas by announcing a $20 million fund and the upcoming Asgard Mainnet Upgrade.
$20M Fund for AI and Data
The $20 million Data and AI Ecosystem Fund is a key part of Chromia’s plan to grow its platform. This fund will support projects dealing with large amounts of data and utilizing artificial intelligence (AI). Chromia believes that projects involving large data sets need tools to clean and automate that data, making AI essential.
Asgard Mainnet Upgrade
The Asgard Mainnet release is scheduled for Q4 2024. It will include new functional features and utilities that enhance Chromia’s performance. Notably, it will introduce 'Extensions', chains that add new capabilities to the Chromia platform. This allows Chromia’s dApps and projects on other blockchains to utilize these new capabilities, including systems for bringing external information onto the blockchain and AI model processing to analyze big data sets. The update also includes tools to ensure data availability and privacy using zero-knowledge proofs.
A Platform for Data and AI
Chromia is adept at handling large volumes of data. Earlier this year, it launched its mainnet with a specific relational database configuration that allows it to manage huge volumes of related data and perform well with dApps as a data layer for projects on other blockchains. Chromia’s relational database structure sets it apart from other Layer 1 blockchains, making it a suitable choice for developers creating AI-driven solutions.
Chromia is gearing up for the future of Web3 by supporting data-intensive projects and rolling out new features through the Asgard Mainnet Upgrade. Chromia’s development will continue to attract new developers and projects to the platform.
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