Chromia Completes Asgard Mainnet Upgrade, Introduces Oracle Extension (3 Dec)

Stockholm, Sweden, December 3rd, 2024, Chainwire

The Chromia team has announced the successful completion of the Asgard Mainnet Upgrade. This milestone introduces new features designed to enhance the capabilities of the Layer-1 relational blockchain. The upgrade is expected to support the growth of decentralized finance and AI-enabled applications on the Chromia Network.

The primary feature introduced by Asgard is the framework for Chromia Extensions, a modular system that adds specialized capabilities to Chromia’s relational blockchain. These Extensions complement the platform's core features, including its relational data architecture, modular network design, and gas-free economic model for end users.

As part of the upgrade, Chromia launched the Oracle Extension, which provides fully on-chain, real-time price feeds updated approximately once per second. This functionality supports the development of DeFi applications such as decentralized exchanges, futures and options platforms, and lending protocols.

Ludvig Öberg, VP of the Chromia Platform Unit, remarked, “The Oracle Extension lays the groundwork for an expansion of decentralized finance activity on the Chromia network and the growth of network value.”

The introduction of a high-quality Oracle service is part of a broader push by the Chromia team to strengthen connections to the wider cryptocurrency ecosystem. Efforts include integrating native CHR tokens and other Chromia-based tokens with centralized exchanges and cross-chain wallets.

The team has also outlined plans for the AI Inference Extension, expected in Q1 2025. This module will enable developers to execute AI models directly on-chain using Chromia’s decentralized provider network. The project’s recently formed Data and AI Division is focused on creating tools to enhance transparency in AI training data and inputs. 

“As the world’s only relational blockchain, Chromia has demonstrated its ability to bring transparency to AI and other data-intensive use cases,” said Yeou Jie, Head of Business Development at Chromia. “The AI Inference Extension will take this a step further, enabling on-chain execution of AI models.”

Following the Asgard Upgrade, Chromia plans to release a public demo of the Oracle Extension, with integrations by DeFi protocols expected soon after. These efforts reflect the platform’s broader focus on supporting diverse applications, including AI, gaming, and enterprise use cases, while continuing to bridge blockchain technology with real-world needs.

About Chromia

Chromia is a Layer-1 relational blockchain platform that uses a modular framework to empower users and developers with dedicated dapp chains, customizable fee structures, and enhanced digital assets. By fundamentally changing how information is structured on the blockchain, Chromia provides natively queryable data indexed in real-time, challenging the status quo to deliver innovations that will streamline the end-user experience and facilitate new Web3 business models.

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