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Chromia Launches Decentralized Vector Database with Mimir Upgrade

  • Chromia will launch one of the world’s first decentralized vector databases on March 25 through its Mimir Upgrade, offering a blockchain-enhanced alternative to traditional centralized offerings.
  • Chromia's Mimir Upgrade decentralizes the retrieval and storage of vector embeddings, addressing the challenges of centralization and openness in AI-driven applications.
  • Chromia's relational structure allows for an efficient grouping of information and supports the addition of a vectorized layer, amplifying storage, search, and updating.
  • Chromia's greater vision includes adding Python to its platform for AI development and establishing a $20 million Data and AI Ecosystem Fund to drive innovation in this space.

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