Oraichain Updated 2021 Roadmap Revealed

For the first and second quarter of the year, Orainhain has estatablish its platform and successfully launched its Mainnet, Oraichain Studio, updating yAI.Finance to be more intuitive, unveiled aiRight on 31 May 2021, the first complete ecosystem built on the Oraichain Mainnet,  develop Oraichain’s AI Oracle, as well as achieving partnerships and product listings with the most outstanding crypto projects in the industry.

UPCOMING PLANS OF ORAICHAIN

Q3 2021 — Tentative Plan

AI-based Yield Farming Vaults—Oraichain’s DeFi team has spent the last few months experimenting with AI models to help investors minimize risk and maximize ROI for yield farming and trading, removing human error and granting single-point access to sophisticated machine learning strategies. The AI-based Yield Farming models are constantly monitoring price, scoring risk, and predicting ROI, moving liquidity to guarantee the best and safest returns while nearly eliminating cumbersome gas fees for the investor.

OraiDEX—With the completion of its near real-time bridge for the ORAI native token to BSC and ETH and recent support to Cosmos-based Blockchains via IBC,Oraichain have taken its first major step towards the creation of OraiDEX, Oraichain’s cross-chain DEX. This cross-chain swap will make it possible to exchange assets across multiple blockchains without an intermediary party, allowing users to access all of the benefits that each blockchain can offer without relying on centralized exchanges or brokers. With substrate-based development well underway and through their partnership, they will add Polkadot and Kusama bridges in the near future, looking next to Polygon for expansion.

Data Hub — Towards Decentralized AI with Blockchain—This set of tools will allow ML data scientists to easily label raw data with —AI-facilitated tools, structure it into data lakes and warehouses, run test cases on-chain to verify the accuracy and functionality of the models, publish their work using Oraichain AI API infrastructure and, ultimately, build smart contract integrating AI Oracles from its AI Marketplace and host their completed DApp.

Expanding AI Oracle Products—necessary element of all oracle providers, Oraichain’s VRF will allow smart contract developers to integrate its tamper-proof RNG into smart contracts. This is an important element for developers building smart contracts that rely on an unpredictable outcome to execute. Similar to existing VRFs, Oraichan Oracle will generate a number randomly, publishing the result and how it was derived on-chain for verification before it is consumed into a contract.

NFT Marketplace on BSC— as they grow the aiRight ecosystem, they will continue to promote a strong cross chain environment for NFTs, making their unique services available to as many users as possible. With the bridge to BSC and their tokenized galleries already functional, they look forward to adding aiRight’s NFT Marketplace on BSC in Q3. This marketplace will use the AIRI token as its primary currency, allowing users to bid, swap and check the originality of their NFTs on the aiRight core.

ETH Bridge for NFTs—While non-fungibles are being minted and distributed more frequently among a variety of blockchains, the majority of NFTs still circulate on Ethereum. As they continue to forge partnerships with popular NFT marketplaces, they are committed to ensuring that assets can move easily across blockchains. This will make it easy for artists and collectors to take full advantage of their  tokenized galleries and marketplaces on aiRight.

NFT Oracle Services—implementing its AI Oracle services for NFT verification with multiple partners.

Oraichain Wallet Update—Oraichain has successfully integrated AI models into smart contracts through the world’s first AI Oracle and delivered multiple applications, ready to be used by the general public. Oraichain’s Mobile Wallet allows users to access the Oraichain Mainnet and all of its applications on the go.

Q4 2021 

Request for AI

AI Training Service

AI Publisher Service

Royalty Protocol

Automated tools for Community

Mainnet 2.0

Oraichain Mainnet is often upgraded during the development of new features, expanding infrastructure, and security enhancements. However, a grand transformation of Oraichain Mainnet will come once the AI ecosystem is complete and it becomes necessary to boost the performance of the Oraichain network to meet the demand of applications.

ABOUT ORAICHAIN
Oraichain is the world’s first AI-powered oracle and ecosystem for blockchains. Oraichain data oracle platform aggregates and connects Artificial Intelligence APIs to smart contracts and regular applications. Founded by Dr. Chung Dao, Oraichain’s mission is to be the portal between AI and blockchain technologies, serving as a foundational layer for creating a new generation of smart contracts and Dapps leveraging AI.

RESOURCES
Medium