Ora, a blockchain project focusing on integrating Artificial Intelligence (AI) into decentralized applications (dapps), recently secured a significant investment of $20 million. Investors contributing to this funding round include Polychain, HF0, and Hashkey Capital. This financial boost will enable Ora to further advance its technology and infrastructure for tokenizing AI models and introducing decentralized AI to the Ethereum ecosystem.
Ora, established in 2022, positions itself as a “verifiable oracle protocol” that equips developers with the necessary tools to construct fully trustless and decentralized applications that leverage AI capabilities. In the realm of blockchain technology, an oracle serves as a conduit for providing real-world data such as market prices, weather conditions, and various other information to the blockchain network.
The core technology powering Ora’s platform is their Optimistic Machine Learning (opML) system, which serves as the cornerstone for their innovative product, opp/ai. By leveraging optimistic systems and zero-knowledge technology, Ora aims to deliver secure and efficient on-chain machine learning solutions with privacy-preserving features.
Moreover, Ora introduces an innovative concept known as “initial model offering” (IMO), allowing the tokenization of ownership rights to open-source AI models. This approach opens up new possibilities for the decentralized AI ecosystem by enabling the monetization and exchange of AI models securely on the blockchain.
Kartin Wong, one of the co-founders of Ora, emphasized the project’s potential to broaden the horizons of AI dapps through its groundbreaking technologies and decentralized infrastructure.