YeagerAI launches advanced oracle for real-time data access in dapps

In Delaware, on November 26, 2024, YeagerAI announced the launch of the Intelligent Oracle, a state-of-the-art AI-powered oracle designed to deliver decentralized data on-chain. This innovative solution is set to support a next generation of decentralized applications (dapps) by providing access to a virtually unlimited range of online data in real-time. Traditional oracles have imposed significant limitations on dapp developers due to their dependency on pre-defined datasets and slow, inflexible data retrieval processes. The Intelligent Oracle leverages Large Language Models (LLMs) integrated into GenLayer's Optimistic Democracy consensus mechanism to autonomously fetch and verify data, thereby ensuring reliability and security in dapp functionality. The launch signifies a notable advancement in the blockchain ecosystem, as the Intelligent Oracle will enhance the capabilities of dapps, particularly those focusing on sectors like prediction markets, insurance, and financial derivatives. Early partnerships with companies such as Radix DLT, Etherisc, and Delphi Bets highlight the promising potential of this technology. The Intelligent Oracle will initially operate on a permissioned local network, with plans to expand to the GenLayer Testnet by the end of 2024. By removing the reliance on human-driven oracle solutions, YeagerAI aims to foster a future-proof, cost-effective model for decision-making that is transparent and efficient, significantly lowering the barriers for dapp developers. This launch reflects YeagerAI's commitment to integrating AI with blockchain technology, paving the way for more interactive and capable decentralized systems.