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ORAORA Raises $20M in Funding to Tokenize AI Models and Enable Decentralized AI Oracles
New York, June 26, 2024: ORA, a verifiable oracle protocol that enables AI on blockchains, has recently announced $20M in funding from investors such as Polychain Capital, HF0, Hashkey Capital, SevenXand more. This funding will allow ORA to continue developing its technology and infrastructure for tokenizing AI models and bringing decentralized AI to the Ethereum ecosystem, including L2s of Arbitrum, Optimism, Base, Linea, and other EVM-compatible chains. Crypto and AI have always been destin...
ORAIntroducing f(A.I.)r Launch: A Fairer Way to Distribute Crypto Tokens
TL;DRf(A.I.)r Launch is a groundbreaking method for launching crypto projects that utilizes AI to ensure fair token distribution.It assesses participants through AI chat responses, past transactions, and social media activities.The process is transparent, community-driven, and guarantees equal opportunities for all participants.It continuously learns from previous launches and integrates effortlessly with existing platforms.What is f(A.I.)r Launch?f(A.I.)r Launch introduces an innovative way ...
ORAThe Rise of Perpetual Intelligence: Introducing opAgent Framework
By ORA TeamThe Age of Controlled IntelligenceIn today's AI landscape, we face a critical vulnerability that threatens the very foundation of decentralized systems. Despite the revolutionary promises of blockchain technology, AI systems remain tethered to centralized control points, creating a paradoxical situation where decentralized networks rely on centralized intelligence. Current AI systems operate as black boxes, with their decision-making processes hidden behind proprietary walls. ...
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ORAORA Raises $20M in Funding to Tokenize AI Models and Enable Decentralized AI Oracles
New York, June 26, 2024: ORA, a verifiable oracle protocol that enables AI on blockchains, has recently announced $20M in funding from investors such as Polychain Capital, HF0, Hashkey Capital, SevenXand more. This funding will allow ORA to continue developing its technology and infrastructure for tokenizing AI models and bringing decentralized AI to the Ethereum ecosystem, including L2s of Arbitrum, Optimism, Base, Linea, and other EVM-compatible chains. Crypto and AI have always been destin...
ORAIntroducing f(A.I.)r Launch: A Fairer Way to Distribute Crypto Tokens
TL;DRf(A.I.)r Launch is a groundbreaking method for launching crypto projects that utilizes AI to ensure fair token distribution.It assesses participants through AI chat responses, past transactions, and social media activities.The process is transparent, community-driven, and guarantees equal opportunities for all participants.It continuously learns from previous launches and integrates effortlessly with existing platforms.What is f(A.I.)r Launch?f(A.I.)r Launch introduces an innovative way ...
ORAThe Rise of Perpetual Intelligence: Introducing opAgent Framework
By ORA TeamThe Age of Controlled IntelligenceIn today's AI landscape, we face a critical vulnerability that threatens the very foundation of decentralized systems. Despite the revolutionary promises of blockchain technology, AI systems remain tethered to centralized control points, creating a paradoxical situation where decentralized networks rely on centralized intelligence. Current AI systems operate as black boxes, with their decision-making processes hidden behind proprietary walls. ...
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In this blog post, we delve into the journey of OLM (@OLM_Research) from its successful IMO (Initial Model Offering) to its current status as a decentralized community as well as part of the ORA ecosystem. We celebrate the advancements OLM and IMO bring to AI model development.
IMO, Initial Model Offering, tokenizes AI model onchain.
For AI models, IMO provides sustainable funding for open-source projects. It aligns values and incentives for ecosystems, promoting distribution and ongoing contributions. It allows token holders to capture the value of AI models onchain through revenue and inference assets like ERC-7007.
OpenLM is a performative language modeling (LM) repository, aimed to facilitate research on medium-sized language models. OpenLM is an open-source model under MIT-license created by a decentralized team.
The world’s first IMO for OLM was a pivotal moment in AI x Crypto.
The IMO allowed OLM to tokenize its AI models on Ethereum, ensuring sustainable funding and fostering an ecosystem of contributors aligned with the vision of open-source and decentralized AI of OpenLM Model, as the truly Open AI.
OLM Research and OLM DAO are self-organized communities post IMO. They embody the decentralization and open-source development ethos in the IMO concept.
OLM is fully permissionless, making it possible for anyone to build on its AI models and other works to contribute to its continuous development.
OLM operates in a decentralized fashion, driven by its community and contributors. This distinction underscores the decentralized and collaborative ethos that defines OLM's journey and success.
OLM Research has made significant strides in AI model development. Based on the original model of OpenLM, they recently announced two major advancements:
Optimized Open_LM Model: OLM Research upgrades OpenLM model with attention mechanism and dataset handling.
Introduction of Fine-Tuned Models: OLM Research releases fine-tuned modes (the 1B and 7B open_lm Chat Models and the (A.I.)location AI Model) based on OpenLM.
Based on their previous works, OLM Research has developed ChatOLM. ChatOLM is a decentralized AI chatbot powered by onchain AI of $OLM.
ChatOLM is a censorship-resistant AI chatbot powered by fine-tuned OpenLM model. ChatOLM leverages Ethereum to distribute AI inference to decentralized ORA nodes powered by ORA’s OAO.
Through the development of this product, OLM Research showcases its ability to scale a product and deliver impact. There are more than 8,000 onchain usages in the first month after launch.
To support building the success of OLM, the first IMO project, ORA has contributed to the enhancement and decentralization of OLM community:
Maintained open-source opML and OAO framework, thereby facilitated technology infra for OLM’s IMO
Integrated the models developed by OLM into the Onchain AI Oracle, making OLM accessible to everyone on the blockchain
Rewarded ORA points for OLM-related model activities to encourage usage and participation, fostering a decentralized AI ecosystem
The journey of OLM is a testament to the transformative potential of IMO.
As OLM Research continues to innovate, the future holds exciting possibilities for decentralized AI, making it accessible, sustainable, and community-driven. ORA, as one of the contributors, is excited to see the OLM community and open AI innovation grow.
ORA is Ethereum’s trustless AI that makes blockchains AI native.
ORA breaks down the limitations of smart contracts by offering richer data sources and arbitrary compute so developers can innovate freely.
ORA’s work has been trusted by Compound, Ethereum Foundation, Uniswap, Optimism, Arbitrum, Polygon, Manta, and beyond.
In this blog post, we delve into the journey of OLM (@OLM_Research) from its successful IMO (Initial Model Offering) to its current status as a decentralized community as well as part of the ORA ecosystem. We celebrate the advancements OLM and IMO bring to AI model development.
IMO, Initial Model Offering, tokenizes AI model onchain.
For AI models, IMO provides sustainable funding for open-source projects. It aligns values and incentives for ecosystems, promoting distribution and ongoing contributions. It allows token holders to capture the value of AI models onchain through revenue and inference assets like ERC-7007.
OpenLM is a performative language modeling (LM) repository, aimed to facilitate research on medium-sized language models. OpenLM is an open-source model under MIT-license created by a decentralized team.
The world’s first IMO for OLM was a pivotal moment in AI x Crypto.
The IMO allowed OLM to tokenize its AI models on Ethereum, ensuring sustainable funding and fostering an ecosystem of contributors aligned with the vision of open-source and decentralized AI of OpenLM Model, as the truly Open AI.
OLM Research and OLM DAO are self-organized communities post IMO. They embody the decentralization and open-source development ethos in the IMO concept.
OLM is fully permissionless, making it possible for anyone to build on its AI models and other works to contribute to its continuous development.
OLM operates in a decentralized fashion, driven by its community and contributors. This distinction underscores the decentralized and collaborative ethos that defines OLM's journey and success.
OLM Research has made significant strides in AI model development. Based on the original model of OpenLM, they recently announced two major advancements:
Optimized Open_LM Model: OLM Research upgrades OpenLM model with attention mechanism and dataset handling.
Introduction of Fine-Tuned Models: OLM Research releases fine-tuned modes (the 1B and 7B open_lm Chat Models and the (A.I.)location AI Model) based on OpenLM.
Based on their previous works, OLM Research has developed ChatOLM. ChatOLM is a decentralized AI chatbot powered by onchain AI of $OLM.
ChatOLM is a censorship-resistant AI chatbot powered by fine-tuned OpenLM model. ChatOLM leverages Ethereum to distribute AI inference to decentralized ORA nodes powered by ORA’s OAO.
Through the development of this product, OLM Research showcases its ability to scale a product and deliver impact. There are more than 8,000 onchain usages in the first month after launch.
To support building the success of OLM, the first IMO project, ORA has contributed to the enhancement and decentralization of OLM community:
Maintained open-source opML and OAO framework, thereby facilitated technology infra for OLM’s IMO
Integrated the models developed by OLM into the Onchain AI Oracle, making OLM accessible to everyone on the blockchain
Rewarded ORA points for OLM-related model activities to encourage usage and participation, fostering a decentralized AI ecosystem
The journey of OLM is a testament to the transformative potential of IMO.
As OLM Research continues to innovate, the future holds exciting possibilities for decentralized AI, making it accessible, sustainable, and community-driven. ORA, as one of the contributors, is excited to see the OLM community and open AI innovation grow.
ORA is Ethereum’s trustless AI that makes blockchains AI native.
ORA breaks down the limitations of smart contracts by offering richer data sources and arbitrary compute so developers can innovate freely.
ORA’s work has been trusted by Compound, Ethereum Foundation, Uniswap, Optimism, Arbitrum, Polygon, Manta, and beyond.
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