Chromia (CHR) Completes Asgard Network Upgrade: Details

As a seasoned crypto investor with a knack for spotting promising projects, I’ve been closely following Chromia (CHR) since its early days. The recent successful completion of the Asgard Mainnet Upgrade has me genuinely excited about this L1 blockchain. With its focus on AI-centric dApps, Chromia is carving out a unique niche in the ever-evolving crypto landscape.


The Chromia team declared that they had successfully completed the upgrade of the Asgard Mainnet, a significant achievement. This step unveiled innovative elements intended to boost the functionalities of their L1 modular blockchain system and every associated dApp.

Chromia (CHR) blockchain completes mainnet upgrade Asgard 

On December 3, 2024, Chromia (CHR), a versatile L1 blockchain designed for building dApps, unveiled the specifics of its significant mainnet update – code named Asgard. This eagerly awaited development is set to make the blockchain more compatible with AI-focused decentralized applications.

🎉 Finished: ASGARD UPDATE – COMPLETED

— Chromia | Power to the Public (@Chromia) December 3, 2024

Asgard has introduced a key aspect, which is the system for building Chromia Extensions. This modular system enhances Chromia’s blockchain with additional specialized functionalities. These extensions work harmoniously with the main features of Chromia, such as its relational data structure, scalable network design, and user-friendly economic model that doesn’t require gas payments.

In the course of an update, Chromia introduced the Oracle Extension, offering instant, on-chain price updates roughly every second. This feature is crucial for creating Decentralized Finance (DeFi) applications like decentralized exchanges, futures and options markets, and lending platforms.

Ludvig Öberg, head of the Chromia Platform Division, anticipates that the Chromia extension system will serve as a catalyst for numerous decentralized applications (dApps) across all sectors of Web3.

The Oracle Extension serves as a foundation, fostering increased participation in decentralized finance on the Chromia network and promoting network value increase.

As a researcher within our team, I am excited to announce that we are integrating a top-tier Oracle service as part of our strategic efforts to fortify links with the expansive cryptocurrency network at large.

AI Inference Extension expected to arrive in Q1, 2025

Future plans for Chromia’s itinerary involve connecting native CHR tokens, along with other tokens based on Chromia, to centralized trading platforms and multi-chain digital wallets.

As the Head of Business Development at Chromia, Yeou Jie is confident that the distinctiveness of their blockchain makes it an appealing choice for projects requiring large amounts of data.

Chromia, being the globe’s unique blockchain focused on relationships, has proven its knack for fostering transparency in AI and heavy data applications. With the AI Inference Extension, it aims to advance this even more, allowing for the execution of AI models directly on the blockchain.

The team has additionally detailed strategies for introducing the AI Inference Extension by Q1, 2025. This component allows software creators to run AI models directly on the blockchain through Chromia’s decentralized service network.

The newly established Data and AI Department is currently developing tools aimed at increasing the clarity of AI training data and information.

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2024-12-03 18:15