Oraichain Introduces Accelerator Program For DApps Building On Its AI Layer 1 Ecosystem

SINGAPORE, SINGAPORE, 15th August, 2022, Chainwire

Oraichain, the world’s first AI Layer 1 for Data Economy and Oracle Services, has announced the “Oraichain for DApps Accelerator Program” and its mission to accelerate expansion within its avant-garde AI Layer 1 infrastructure. The program aims to envision innovative projects looking to build decentralized applications on Oraichain Mainnet 2.0 (also known as AI Layer 1) and take tremendous advantages of its rich Data and AI modular library.

The resounding success of the recent Oraichain Hackathon 2022 underscored the readiness of Oraichain’s infrastructure to support an extensive range of dApps seeking to utilize its blockchain-based AI technologies. Building on this momentum, the Oraichain for DApps Accelerator Program is established to support DApp developers and entrepreneurs who share Oraichain’s vision of a rich ecosystem of AI-powered DApps built atop of its high-throughput, interoperable and secure AI Layer 1.

Projects accepted into the program will highly have a chance to benefit from various support types and especially, the access to Oraichain’s talent pool and technical expertise. Meanwhile, the Oraichain advisory board will help to guide projects on matters of technical optimization, business models and strategy development. In addition, selected DApp builders will be introduced to Oraichain’s extensive network of relevant partners where they can find possible opportunities for development collaboration.

The program is open to any AI or blockchain development team that intends to use Oraichain’s infrastructure and ecosystem, or enrich it with innovative new modules. The goal for applicants must be to promote and strengthen the utility of Oraichain’s infrastructure ecosystem and improve its standing as a hub of innovative dApps.

Applicants will go through a three-phase selection process. The initial phase, which lasts about a month, will examine and assess the feasibility of their projects, along with their potential for high social impact. During phase two, the project’s backers will be invited to a face-to-face meeting with Oraichain’s advisory board where they’ll have the opportunity to present and optimize their execution plan. For those that are accepted, phase three is all about execution and will last anywhere from one month to three years. This will be where the actual hard work begins, with teams working to bring their dApps to fruition. During this phase, Oraichain will closely monitor the project’s development and progress.

To date, Oraichain has already accepted four initiatives into the Oraichain for DApps Accelerator Program, including three Oraichain Hackathon 2022 finalists and one other team from the U.S. Those projects include a Cosmos-based lending platform that aims to utilize Oraichain’s AI infrastructure; a secure, privacy-centered healthcare data platform; and an asset tokenization platform.

Developers are encouraged to apply to the Oraichain for DApps Accelerator Program using this form. They should provide a written proposal that clearly states their project’s aims and value, how it intends to use the Oraichain ecosystem, their request for Oraichain resources and their project roadmap.

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.

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