The cryptocurrency market is never short of opportunities, but rather lacking in vision. What does ORA, a recently popularized AI model tokenization platform, do? Why are major institutions favoring it?
The Working Principle of ORA
ORA is a verifiable oracle protocol that introduces AI and complex computation to the Ethereum blockchain. Its main products are on-chain AI oracles, currently supporting LlaMA 2 (7B) and Stable Diffusion models, with plans to support more machine learning models in the future. By providing AI reasoning, ORA breaks the limitations of smart contracts and enables developers to innovate freely. ORA’s two main products are the on-chain AI Oracle (OAO) and Initial Model Offering (IMO).
The on-chain OAO brings verifiable AI reasoning to the blockchain, providing trustless and permissionless AI usage. This opens the door to various new application scenarios that were previously unachievable. Using the on-chain AI Oracle requires payment, and these fees are subsequently distributed to IMO token holders.
The Initial Model Offering (IMO) tokenizes the ownership of open-source AI models, incentivizing long-term and sustainable open-source contributions. It not only provides funding for AI development but also rewards the community and contributors. Token holders receive a portion of the income generated from the model’s usage on the model chain.
IMO and OAO collectively drive the forefront of open-source development.
Features and Advantages of OAO
Firstly, OAO is developer-friendly. Developers can enhance the AI capabilities of smart contracts using the on-chain AI Oracle (OAO).
Key features of OAO include:
– Integrated AI functionality and automated infrastructure
– Higher performance and shorter final confirmation time
– Running arbitrary programs and large-scale machine learning models
Secondly, the ORA Oracle network consists of node operators running AI Oracle nodes, providing the following advantages:
– Unstoppable autonomous protocols and networks
– Optimal encryption-native decentralization
– Verifiable, decentralized, and secure network
– Ensuring security at the base layer
– Efficient distribution of computing power
– 1-of-N trust model
Features and Advantages of IMO
The goal of IMO is to drive AI towards sustainability, diversity, and openness for everyone.
IMO tokenizes AI models on the blockchain to provide sustainable financial support for open-source AI models. It also promotes model distribution and ongoing contributions by adjusting the ecosystem’s value and incentive mechanisms. Additionally, IMO allows anyone and the community to tokenize their AI models, enabling effective fundraising for open-source projects and incentivizing contributors to continuously improve globally accessible AI models.
ORA’s Vision: Towards a World Supercomputer
ORA is committed to supporting Ethereum as a world computer and its ecosystem to advance the future development of DeFi, zkML, AI, and cryptocurrencies.
Comprehensive Innovation in Base Large Models
ORA has built on-chain AI oracles using opML (Optimistic Machine Learning), achieving on-chain machine learning inference for any model. Additionally, ORA has constructed Keras2Circom (the world’s first zkML framework) and invented opp/ai (the ultimate framework for on-chain AI, combining zkML and opML).
Base Large Models for Various Developers
Developers can use ORA’s on-chain oracles to build any AI DApp driven by machine learning and secured by Ethereum as a base layer. Specifically, developers can build ai/fi (AI + DeFi) applications based on AI models and AIGC NFTs (ERC-7007 protocol) based on text-to-image models.
Some example use cases of ORA include creating AIGC NFTs using ERC-7007, facial recognition for zkKYC using machine learning, on-chain AI games like “Dungeons & Dragons,” market prediction using machine learning, content authenticity verification (deepfake validators), compliant programmable privacy, signaling markets, and reputation/credit scoring. For more integration examples and creative building, please refer to awesome-ora.
ai/fi = AI + DeFi
ai/fi combines AI and DeFi, driving new developments in DeFi through ORA’s on-chain AI Oracle, providing verifiable AI inference. This concept redefines areas such as AMMs, lending protocols, aggregators, stablecoins, etc., by identifying computationally intensive parts in DeFi protocols and applying AI for transformation. ORA also offers zkOracle, providing trustless access to AI data sources for any ai/fi project.
Funding and Team
ORA recently announced a $20 million funding round from investors such as Polychain Capital, HF0, Hashkey Capital, and SevenX. This funding will help ORA continue developing its technology and infrastructure, tokenizing AI models, and introducing decentralized AI into the Ethereum ecosystem, including Arbitrum, Optimism, Base, Linea, and other EVM-compatible chains.
Furthermore, ORA has a strong professional team background. Kartin Jiatian Wong has worked at web2 giants like Google and Tiktok, with experience in Web3.0, cloud computing, and quantum computing applications. Cathie So is a scientist at the Ethereum Foundation, credited with the invention of the Erc-7641 and Erc-7007 protocols for IMO.
In the future, all AI models can be sold on-chain through ORA, and there is an expected $189 billion investment flow into AI companies by 2023. We can imagine that ORA will be the foundation of a sustainable market worth hundreds of billions, adding broader tension and space to Crypto AI.