Chromia unveils $20 million AI and data fund, plans Asgard upgrade

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Chromia, a tier 1 relational blockchain, announced a $20 million fund for data ecosystems and artificial intelligence and the upcoming upgrade of the mainnet “Asgard” at TOKEN2049 Singapore. These initiatives aim to expand the Chromia ecosystem in 2024 and 2025.

The fund, led by Yeou Jie, Chromia’s head of business development, will support data-intensive projects and artificial intelligence applications.

“We believe that any project that deals with significant amounts of data requires data cleansing and automation, leading to the implementation of AI,” Jie said. “Chromia is the ideal environment for developers to build solutions that can process, analyze and react to complex data sets in real time.”

The “Asgard” mainnet update scheduled for Q4 2024 will introduce “Extensions”, custom chains that bring new functionality to the platform.

These extensions will be usable by both native Chromia decentralized applications (dApps) and external clients, including Oracle solutions, AI computation model, and support for data availability and zero-knowledge proofs.

Chromia co-founder Henrik Hjelte added that by supporting AI and other data-centric solutions, Chromia is positioning itself for broader partnerships and expanding the ecosystem in new directions.

Chromia launched its mainnet earlier this year, offering an on-chain relational database architecture designed to handle large volumes of interconnected data and improve on-chain queries. The platform supports game projects such as My Neighbor Alice and Mines of Dalarnia, while expanding into data-centric areas.

The Data and AI Ecosystem Fund is now accepting applications, and the “Asgard” core network upgrade is expected to go live by the end of the year. The extensions will be progressively developed until 2025.

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