Blockchain
TRON Partners with Oraichain for AI Integration and HackaTRON Collaboration
Geneva, Switzerland–(Newsfile Corp. – March 2, 2023) – TRON has taken a major step towards combining artificial intelligence with blockchain technology by partnering with Oraichain, the world’s first AI-powered oracle and ecosystem for blockchains. This partnership solidifies the future of decentralized AI by providing education, incubation, and technical integrations to developers, thereby empowering them to build advanced solutions that utilize and leverage artificial intelligence.
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The TRON-Oraichain partnership marks a significant milestone in the development of blockchain technology. Blockchain based solutions alone are considered revolutionary and disruptive. By providing developers with the tools they need to create innovative AI-powered solutions, TRON and Oraichain are paving the way for a future in which decentralized AI is the norm.
Through this partnership, TRON and Oraichain will work together to foster a community of developers, investors, and enthusiasts who are passionate about the potential of blockchain and AI. With the goal of expanding smart contract functionality and innovating new use cases, they will also provide educational resources to help developers learn more about the technology and how to integrate it into their projects.
Their partnership aims to empower developers to build advanced AI-powered solutions, demonstrating TRON’s and Oraichain’s commitment to innovation as well as cutting-edge, decentralized technology. Their common mission is to raise awareness around the potential for AI and blockchain, delivering AI functionality from Oraichain to the TRON network.
Since inception, Oraichain has been committed to providing AI Oracle services for smart contracts across many chains. As the network has matured, the vision has blossomed. Today, Oraichain’s infrastructure provides every essential element necessary to support an open economy for AI and data. This includes decentralized file storage, AI & crowdsourced data annotation, model training and test cases, on-chain execution, a data and AI marketplace, and the ability to publish models to AI Oracle.
Oraichain is ready to fulfill its role as the universal hub for decentralized AI. By collaborating with TRON, they look forward to attracting more independent AI developers, fostering talent, and delivering fresh functionality compatible with TVM smart contracts.
Hackathon Collaboration
HackaTRON Season 4 began February 1, 2023, and we are excited to announce that Tung Do, CEO of Oraichain Labs US, will join the panel of judges for this year’s competition. As one of the biggest hackathons in the blockchain industry, the three previous seasons all together have had more than 2300 participants BUIDLing in DeFi, GameFi, Web3, NFTs, and other tracks.
AI for TRON Network: AI & Data Marketplace and AI Oracle
Oraichain will work to ensure TVM compatibility and provide documentation in the coming AI Oracle Client SDK, delivering AI functionality for smart contracts on the TRON network. This will give developers an opportunity to explore unique use cases in an ecosystem built for data and AI, taking advantage of fully decentralized infrastructure to ensure maximum transparency for data sources, model accuracy, execution, and royalty distribution.
Cross-Chain Bridge
Oraichain will add TRC20 token compatibility to OraiBridge, allowing for the simple and secure transfer of assets between the TRON blockchain and Oraichain. This will create the opportunity to offer new asset pairs on OraiDEX and open the door to exciting new cross-chain DeFi opportunities. This will also mark the first available bridge between TRON and the IBC ecosystem, expanding diversification opportunities for both ecosystems.
Join TRON and Oraichain in celebrating this exciting partnership, and keep an eye out for upcoming activations and events.
About Oraichain
Oraichain is the world’s first AI-powered oracle and ecosystem for blockchains. Beyond data oracles, Oraichain aims to become the first AI Layer 1 in the Blockchain sphere with a complete AI ecosystem, serving as a foundational layer for the creation of a new generation of smart contracts and Dapps. With AI as the cornerstone, Oraichain has developed many essential and innovative products and services including AI price feeds, fully on-chain VRF, Data Hub, AI Marketplace with 100+ AI APIs, AI-based NFT generation and NFT copyright protection, Royalty Protocol, AI-powered Yield Aggregator Platform, and Cosmwasm IDE.
Oraichain | Telegram | Twitter | YouTube | Discord | GitHub | Medium | Commonwealth
About TRON DAO
TRON DAO is a community-governed DAO dedicated to accelerating the decentralization of the internet via blockchain technology and dApps.
Founded in September 2017 by H.E. Justin Sun, the TRON network has continued to deliver impressive achievements since MainNet launch in May 2018. July 2018 also marked the ecosystem integration of BitTorrent, a pioneer in decentralized Web3 services boasting over 100 million monthly active users. The TRON network has gained incredible traction in recent years. As of February 2023, it has over 143 million total user accounts on the blockchain, more than 4.9 billion total transactions, and over $11.6 billion in total value locked (TVL), as reported on TRONSCAN. In addition, TRON hosts the largest circulating supply of USD Tether (USDT) stablecoin across the globe, overtaking USDT on Ethereum since April 2021. The TRON network completed full decentralization in December 2021 and is now a community-governed DAO. In May 2022, the over-collateralized decentralized stablecoin USDD was launched on the TRON blockchain, backed by the first-ever crypto reserve for the blockchain industry – TRON DAO Reserve, marking TRON’s official entry into decentralized stablecoins. Most recently in October 2022, TRON was designated as the national blockchain for the Commonwealth of Dominica, which is the first time a major public blockchain partnering with a sovereign nation to develop its national blockchain infrastructure. On top of the government’s endorsement to issue Dominica Coin (“DMC”), a blockchain-based fan token to help promote Dominica’s global fanfare, seven existing TRON-based tokens – TRX, BTT, NFT, JST, USDD, USDT, TUSD, have been granted statutory status as authorized digital currency and medium of exchange in the country.
TRONNetwork | TRONDAO | Twitter | YouTube | Telegram | Discord | Reddit | GitHub | Medium | Forum
Media Contact
Hayward Wong
[email protected]
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/156920
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Blockchain
Humanity Protocol Secures $20 Million Strategic Funding from Jump Crypto and Pantera Capital at $1.1B Fully Diluted Valuation
Humanity Protocol, a decentralized identity blockchain solution, is today announcing the successful closure of its latest $20 million funding round, co-led by Pantera Capital and Jump Crypto at a $1.1 billion fully diluted valuation.
This investment represents a vote of confidence in Humanity Protocol’s mission to redefine decentralized identity and unlock new possibilities for secure, inclusive, and user-owned blockchain ecosystems. It follows the recent announcement of the Humanity Foundation’s formation, led by Yat Siu, Mario Nawfal, and interim CEO Yeewai Chong.
The funding will accelerate Humanity Protocol’s development of Proof of Humanity, Human ID, and seamless integrations with leading Web3 platforms. With the support of Jump Crypto and Pantera Capital, Humanity Protocol is poised to scale its operations, expand its global reach, and drive adoption across industries beyond Web3.
As Humanity Protocol continues to grow, the funding will also support upcoming initiatives, including partnership announcements, developer grants, and community-building efforts leading up to the protocol’s mainnet launch.
Both Pantera Capital and Jump Crypto bring extensive expertise in blockchain, Web3 infrastructure, and strategic scaling, making them ideal partners in Humanity Protocol’s next growth phase.
“At Humanity Protocol, we’re committed to empowering individuals with digital identities that are truly their own,” said Terence Kwok, Founder of Humanity Protocol. “This investment from Jump Crypto and Pantera Capital brings us one step closer to realizing a future where trustless, decentralized identity solutions are the norm. We’re honored to have the backing of such visionary investors who share our belief in the transformative potential of Web3 technologies.”
“At Pantera Capital, we are excited about all the ways that blockchain enables a future AI-driven world, and Humanity Protocol is leading the way,” added Cosmo Jiang, General Partner at Pantera Capital.
The post Humanity Protocol Secures $20 Million Strategic Funding from Jump Crypto and Pantera Capital at $1.1B Fully Diluted Valuation appeared first on News, Events, Advertising Options.
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