[PRESS RELEASE – Geneva, Switzerland, 2nd March 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.
The TRON-Oraichain partnership marks a significant milestone in the development of blockchain technology, with the integration of AI expected to revolutionize the industry. 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 is set to revolutionize the blockchain industry by empowering developers to build advanced AI-powered solutions, underscoring TRON’s and Oraichain’s commitment to innovation and cutting-edge, decentralized technology. Their common mission is to raise awareness around the potential for AI and blockchain, attracting promising AI developers and delivering AI functionality from Oraichain to the TRON network.
Since its 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.
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 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.
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.
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 HE 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.
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