Drops Announces Partnership with Oraichain’s aiRight: AI Oracles For NFTs

The Drops team is pleased to announce a partnership with Oraichain’s aiRight NFT platform. Oraichain will deploy aiRight’s AI Oracle solutions for authenticity certification and verified origin to the Drops ecosystem, in order to improve reliability and security for DeFi x NFT applications.

aiRight is a fresh, all-in-one innovation for the NFT market, incorporating AI NFT Generation, NFT minting, marketplace and DeFi solutions.

The Partnership

Oraichain will deploy its innovative NFT solutions developed for the aiRight ecosystem to the Drops NFT X DeFi platform. This cooperation will lead to enormous advancements in AI-based pricing strategy for trading NFT assets and Oracles for reliable NFT price feed, promoting genuine transparent and trustful lending for non-fungible assets.

As a clear endorsement of the partnership, both Oraichain and Drops have discussed and agreed to the following targets:

  • Oraichain provides AI Oracles for Drops to apply on Drops’ Margin NFT solutions
  1. Originality Check

2. Similarity Calculation

  • Oraichain provides the cross-chain NFT asset management solution to enable a wide availability of assets and retain value across chain, which will bring more promising applicability to the Margin NFT solutions.
  • Oraichain and Drops together work for the development of a trustful NFT price feed mechanism for NFT leading platforms. These oracles will more reliably manage collateral positions and any necessary liquidations on the platform.
  • The collaboration will support the development of a pricing strategy (an AI algorithm) for future trading of NFTs or emerging artists.
  • Oraichain and Drops will hold ask-me-anything (AMA) events with each other’s official Telegram group.

About aiRight

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 proud to be the ecosystem provider of aiRight: securing AI functionalities via AI Oracle, accessing Marketplace, organizing Galleries for DeFi, and cross-chain bridging for NFTs.

About Oraichain

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, serving as a foundational layer for the creation of a new generation of smart contracts and DApps leveraging AI.

Unlike the 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.

About Drops

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.

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