Drops, a project building DeFi infrastructure for NFTs, has partnered with Oraichain’s aiRight for NFT-focused artificial intelligence (AI) oracles.
Oraichain will deploy aiRight’s AI Oracle solutions for authenticity certification and verified origin to the Drops ecosystem. This is in order to improve reliability and security for DeFi x NFT applications.
aiRight is Oraichain’s all-in-one innovation for the NFT market, incorporating AI NFT Generation, NFT minting, marketplace and DeFi solutions.
Oraichain will deploy aiRight’s innovative NFT solutions to the Drops NFT X DeFi platform. The cooperation will leverage aiRight’s AI-based pricing strategies for trading NFT assets. This is as well as oracles for reliable NFT price feeds. The integration is designed to promote transparent and trustless lending for non-fungible assets.
Additional features supplied by Oraichain will include their Originality Check and Similarity Calculation functions. Both of these assist in verifying NFT authenticity and value. Oraichain also offers cross-chain NFT asset management abilities, which preserve the valuation of NFTs across multiple blockchains.
Drops will also be assisting Oraichain to develop:
- A trustless NFT price feed mechanism for leading NFT platforms, facilitating oracles to more reliably manage collateral positions and necessary liquidations for NFT-based DeFi systems.
- An AI algorithm-based pricing strategy for future trading of NFTs from emerging artists.
To elaborate on the finer details of the partnership, Oraichain and Drops will each hold ask-me-anything (AMA) events with each other’s official Telegram groups.
aiRight is the world’s first complete system for AI x NFT x DeFi. Users can generate AI NFTs, protect origin with copyright issuance, trade and tokenize unique artworks, taking advantage of our complete royalty mechanism for contributors on-chain.
Oraichain is the ecosystem provider of aiRight: securing AI functionalities via AI Oracle, accessing Marketplace, organizing Galleries for DeFi, and cross-chain bridging for NFTs.
Oraichain is the world’s first AI-powered oracle and ecosystem for blockchains. Oraichain’s 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. Thus serving as a foundational layer for the creation of a new generation of smart contracts and DApps leveraging AI.
Unlike its competitors, Oraichain presents a complete AI Oracle, ready for deployment. Tested and verified, our services will enrich the ecosystem and bring confidence to transactions in the open marketplace with the aid of machine learning.
Heightened security and transparency, alongside verifiable originality certification, will open the door for prolific mainstream NFT adoption, free of the burden and risk fraud imposes on both creator and consumer.
Beyond data oracles, Oraichain interconnects Artificial Intelligence and Blockchain technologies. With AI as the cornerstone, the Oraichain ecosystem contains an AI marketplace, a Data & Request Hub, Publisher Service, Training Service, and Dapp Hosting.
Oraichain network provides the infrastructure and consensus mechanisms for Blockchain and AI training. These interconnected ecosystems accelerate the development of Web3, DeFi, enterprise and academia applications.
Drops brings DeFi-style infrastructure to NFTs, adding much-needed utility to idle NFT assets. Users can leverage their NFTs to obtain loans and earn real yield, reducing the opportunity cost of holding NFTs long-term.
This Drops infrastructure will become increasingly important as we witness the rise of “financial NFTs” – an expansion of the space beyond digital artwork into more tangible financial instruments.
Drops will offer gasless transactions and a smooth user interface by leveraging the layer-two platform Polygon, enabling fair and frictionless participation for all users.
Drop.io can be visited anytime. Why not check it out now? https://drops.co/