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Cryptocurrency News Articles

Chromia and Chasm Network Partner to Bring AI Inferencing to Layer 1 blockchain

Oct 21, 2024 at 09:04 pm

Relational Layer 1 blockchain Chromia has announced a strategic partnership with Chasm Network, the leading distributed AI inferencing network.

Chromia and Chasm Network Partner to Bring AI Inferencing to Layer 1 blockchain

Chromia has announced a strategic partnership with Chasm Network, a distributed AI inferencing network. As part of the partnership, Chasm will work closely with the Chromia team to expand use cases for AI on the Layer 1 blockchain.

The partnership is a natural fit given Chromia’s architecture, which is designed for efficiently delivering blockchain data for dapps that will one day require terabytes and then exabytes of the stuff. AI-focused dapps are likely to be the primary drivers of this insatiable demand for onchain data.

Chasm is in the business of AI inference: the first step in training AI models through feeding them inputs and outputs to make them better at pattern recognition. Its distributed AI inference network aims to offer a more cost-effective solution that utilizes various specialized intelligence models for optimum results.

While Chasm’s AI service operates on Ethereum L2 Mantle, it intends to use Chromia as the primary database layer for storing AI inference data. This hybrid solution will enable Chasm to make use of Chromia’s superior database handling capabilities while benefiting from Mantle’s EVM connectivity, where the Chasm token will be deployed.

Chasm has also created a Chromia dapp called Chasm opML Database, which ensures the verifiability of sources used in AI decision-making processes.

In addition to being well-suited for AI applications, Chromia’s L1 is also being used by a variety of other projects, including those building in the RWAs and blockchain gaming sectors.

My Neighbor Alice, a blockchain builder game, and Phlomis Finance, which is working on real world assets, are among the early projects to be building on Chromia. Their success will be key in convincing other projects to build on Chromia.

Making AI Work at Scale

Web3 and AI have proven to be an ideal fit, with the former expanding access to a technology widely regarded as the most powerful invention since the internet itself.

Onchain dapps are typically interacting with AI in two key ways. From an end-user perspective, they’re proving their ability to enhance trading through AI assistants that can facilitate smarter and faster decision-making.

From an infrastructure perspective, meanwhile, dapps are being deployed that democratize access to AI assets such as GPU compute and LLM training data.

Emerging blockchains such as Chromia have been swift to identify the upside to optimizing for AI use cases and establishing themselves as a primary driver of a sector predicted to be worth hundreds of billions of dollars within the next five years.

One of Chromia’s greatest value propositions is its use of relational databases that make much better use of data compared to incumbent blockchains. Relational databases are structured to efficiently retrieve data on demand, with Chromia capable of performing hundreds of read-and-write transactions within a single transaction.

Original source:cryptodaily

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