Summary
Chromia just leveled itself up by teaming up with Elfa AI. Elfa AI is made for giving real-time instant market tips straight from places like X (Twitter) and Telegram. You can trade directly on the app and also customize alerts according to your vibes.
Chromia, a blockchain platform built to give users and developers more control with its flexible framework—like dedicated DApp chains, adjustable fees, and enhanced digital assets—just announced a big move. They’re investing in Elfa AI, an AI-powered social platform that helps people make sense of the fast-moving crypto market by providing real-time, data-driven insights. This partnership is all about using AI to give users smarter, more actionable information to navigate the world of crypto.
This investment is the first capital advancement from Chromia since it announced the Data and Ecosystem Fund during the Singapore-based Token2049 crypto conference. The total fund is estimated to be around $20 million. The fund aims to help the rise of AI ecosystem and blockchain supporting a wide range of projects.
Elfa AI is a social platform that uses artificial intelligence to give real-time market insights to users. This makes it easier for users to remain updated on the market and, also helps in choosing which crypto is better to invest in. It is always active on Twitter and Telegram, collecting data from everywhere to set a definitive review of the overall market. Users can also customize signals to their own unique preferences, trade cryptos directly through the app, and share it with others.
The collaboration between Chromia and Elfa AI feels seamless as Chromia’s relational blockchain architecture supports efficient management of large datasets which aligns with Elfa’s datacentric approach. Hence, the collaboration presents a longer-term opportunity for ecosystem growth.