Initiatives unveiled at TOKEN2049 Singapore are part of Chromia’s strategy to expand into data-centric fields and spur ecosystem growth following its mainnet launch.
Launch of Data and AI Ecosystem Fund
Chromia, a Layer-1 relational blockchain, has announced the launch of a $20M Data and AI Ecosystem Fund. This fund is aimed at supporting data-intensive projects and AI-enabled applications. The initiative will be led by Yeou Jie, Chromia’s Head of Business Development, who joined the company in early 2024 after previously serving as Head of Portfolio at DeFiance Capital.
Mainnet Upgrade 'Asgard'
Another significant announcement was the planned mainnet upgrade called 'Asgard,' scheduled for Q4 2024. This upgrade will introduce “Extensions”—customized chains designed to bring new functionalities to the platform. These extensions will be usable by both native Chromia dapps and external clients.
Expansion of Chromia Ecosystem
Chromia launched its mainnet earlier this year, employing an on-chain relational database architecture designed to manage large volumes of interconnected data and improve on-chain querying. This architecture allows Chromia to function both as a standalone decentralized application platform and as a relational data layer for Web3 projects built on other blockchains. Chromia supports gaming projects like My Neighbor Alice and Mines of Dalarnia, and is expanding into other data-centric fields.
The Data and AI Ecosystem Fund will begin accepting applications immediately, and the ‘Asgard’ mainnet upgrade is expected to go live by the end of the year. Extensions will be developed incrementally, with a full rollout planned through 2025.
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