up only $CHR

According to PANews, Layer 1 relational blockchain platform Chromia has announced the launch of its MVP mainnet, marking a significant milestone for its decentralized application platform. The MVP mainnet introduces the native CHR token and establishes a robust Chromia network infrastructure to further drive the development of its ecosystem. Chromia aims to fundamentally change the structure of information on the blockchain by providing real-time indexed, locally queryable data services, simplifying the end-user experience, and helping businesses build new Web3 business models. Chromia's relational blockchain approach redefines the structure and management of on-chain data, making complex searches and computations more efficient. This innovative solution eliminates the need for third-party indexing services and data availability layers, greatly enhancing overall efficiency and usability. The Chromia ecosystem currently covers a wide range of projects, including gaming projects like My Neighbor Alice and DAR Open Network, emerging projects like Chain of Alliance and Cloudborn, digital collectibles solutions like Fanzeal, and third-party projects such as NFT marketplaces and DeFi protocols. By deeply understanding blockchain economics, Chromia allows developers to lease resource containers and design revenue streams within their dApps, offering users a 'no-gas' experience. This simplified approach reduces friction for end-users and makes it easier for developers to introduce new Web3 business models. The MVP mainnet release is a critical event in Chromia's development, enabling the migration of CHR tokens from ERC-20 and BEP-20 protocols to its mainnet network. It also builds a series of powerful features based on Chromia's infrastructure, including network hosting fee payments and service provider payments. Chromia co-founder Henrik Hjelte stated, 'Chromia's journey began twelve years ago with Colored Coins, the world's first token protocol. After years of development, it's exciting to see the concept of relational blockchain become a reality. The MVP mainnet release represents a significant step towards realizing Chromia's vision.' Co-founder Alex Mizrahi emphasized the impact of the MVP mainnet release, saying, 'Chromia combines blockchain architecture with cloud computing and database theory, providing comprehensive tools for an excellent end-user experience. The MVP mainnet release lays the foundation for future growth and development of the Chromia network. We are excited to see developers leverage Chromia's technology for innovation.' Upcoming development work for Chromia includes implementing Native Staking and Delegation by the end of the third quarter, optimizing bridging infrastructure, and further core upgrades. These initiatives aim to enhance the platform's functionality and performance, supporting Chromia's continued growth and adoption in Web3. With the MVP mainnet online, more ecosystem projects will deploy dApps on Chromia, increasing network activity. As demand grows, Chromia's network will dynamically expand to support more dApp clusters, providing scalable and flexible infrastructure for future growth.