Oraichain Sealed A Partnership With Plasm Network To Enter The Polkadot Ecosystem
Oraichain, the world’s first AI-powered oracle and ecosystem for blockchains, has partnered with Plasm Network to integrate key products, data and services.
Oraichain have announced partnership with Plasm Network to enter the world of Polkadot ecosystem. Plasm and Shiden Network will enable its ecosystem partners to leverage Oraichain’s AI Hub. Oraichain will publish and monetize data generated from Oraichain’s services such as AI APIs and AI-generated data.
Both companies joined forces to work together to integrate products, services and AI data to expand both companies’ AI-powered ecosystem offerings. With this partnership, we bring AI data in our ecosystem for developers to use on Shiden and Plasm Network.
This new partnership connects Oraichain with the Plasm ecosystem, the dApps hub on Kusama and Polkadot, to help accelerate the rate of adoption of both platforms. With Cross-Virtual Machine communication (X-VM) library in place on Shiden and Plasm Network. Solidity/Vyper smart contracts can interact with WASM-based smart contracts and in the future vice versa. This makes Oraichain available to all developers who build in the Plasm ecosystem.
Oraichain and Plasm will work together on key pillars of their ecosystems:
- Deploying a relay network between Oraichain and Plasm ecosystem.
- Bridging AI-processed data including price feeds to Polkadot blockchains through Shiden and Plasm Network.
- Implementing a cross-chain asset swapping hub between Cosmos and Polkadot.
This partnership opens the door to a host of new opportunities for both networks as Oraichain expands its AI ecosystem and oracle offerings with services and products, such as the AI Marketplace (including more than 100 AI APIs), DataHub, AI Request Hub, Publisher Service, Training Service, Dapp Hosting, and more. The integration of AI models into smart contracts represents the leading edge of development, vastly expanding use cases for blockchain.
In addition, Oraichain also announced that the platform have burned 3,000,000 $ORAI from Team, Advisor, and Foundation, increasing the CS to above 10% and flattening the inflation curve.
BURNING TX HASH: Burning Transaction (3,000,000 $ORAI ~ $12,938,285): etherscan.io/tx/0x953694d37
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.
ABOUT PLASM NETWORK
Plasm Network is a dApps hub on Polkadot that supports Ethereum and layer 2 solutions like ZK Rollups. Plasm aims to be a multi-chain smart contract platform that will support multiple blockchains and virtual machines like EVM and WASM.
