Oraichain is recognized as the world’s first AI-powered oracle and ecosystem for blockchains. It aims to transform itself into an advanced AI Layer 1 for Data Economy and Oracle services. This infrastructure serves as a foundational layer for the creation of a new generation of smart contracts and dApps, thereby fostering a complete AI Ecosystem on the blockchain.

Oraichain’s approach includes reducing some aspects of the strictness of smart contracts to accommodate AI models’ complexities and improve functionality and user experience. It stands out by focusing more on AI APIs and the quality of the provided AI models, distinguishing itself from similar protocols.