Chromia (CHR) Leading Blockchain AI Convergence: Tiger Research Predicts Growth
Tiger Research highlights Chromia (CHR) as a frontrunner in the blockchain-AI convergence, citing its on-chain vector database as a key differentiator. The firm anticipates significant growth within the Web3 AI ecosystem. Chromia's integration of vector search technology on the blockchain allows for AI data processing efficiency alongside blockchain transparency. According to Tiger Research, this approach can reduce costs by up to 57% compared to traditional cloud solutions, lowering the barrier to entry for AI applications. While acknowledging Chromia's technological advantage, Tiger Research emphasizes the need for ecosystem expansion. To translate its technology into market dominance, Chromia should focus on broadening its real-world usage and building a sustainable ecosystem over the next 1-2 years. This will involve attracting more developers, projects, and users to the Chromia platform. ```