CoinWorld News Report:
Source: FutureMoney
The cryptocurrency market is never short of opportunities, but rather a lack of 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 computations to the Ethereum blockchain. Its main product is the on-chain AI oracle, 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 surpasses the limitations of smart contracts, enabling 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 introduces verifiable AI reasoning to the blockchain, providing trustless and permissionless AI usage. This opens the door to various new application scenarios that were previously unattainable. Using the on-chain AI Oracle incurs fees, which 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 chain.
IMO and OAO jointly 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 capabilities and automated infrastructure.
– Higher performance and shorter final confirmation time.
– Execution of 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 protocol and network.
– Optimal encryption-native decentralization.
– Verifiable, decentralized, and secure network.
– Ensuring the security of the underlying layer.
– Efficient allocation of computational 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, providing sustainable funding support for open-source AI models. It also promotes model distribution and continuous contributions by adjusting the ecosystem’s value and incentive mechanisms. Additionally, IMO allows anyone and any community to tokenize their AI models. This enables communities to effectively raise funds for the necessary resources of open-source projects while incentivizing contributors to continuously improve globally accessible AI models.
ORA’s Vision: Towards a World Supercomputer
ORA is dedicated to supporting Ethereum as a world computer and its ecosystem to advance the future development of DeFi, zkML, AI, and cryptocurrencies.
Comprehensive innovation of the foundational large-scale model
ORA has built the on-chain AI oracle using opML (Optimistic Machine Learning), achieving on-chain machine learning inference for any model. Besides, ORA has also developed Keras2Circom, the world’s first zkML framework, and invented opp/ai, the ultimate framework for on-chain AI that combines zkML and opML.
Foundational large-scale models applicable to various developers
Developers can use the ORA on-chain oracle to build any AI DApp driven by machine learning and secured by Ethereum as the underlying 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 “Dragons and Dungeons,” market prediction using machine learning, content authenticity verification (deepfake verifier), compliant programmable privacy, prediction markets, and reputation/credit scoring. For more integration examples and creative builds, please refer to awesome-ora.
ai/fi = AI + DeFi
ai/fi combines AI and DeFi, driving new developments in DeFi with the verifiable AI inference provided by ORA’s Onchain AI Oracle. This concept redefines areas such as AMMs, lending protocols, aggregators, and stablecoins by identifying computationally intensive parts in DeFi protocols and applying AI to bring about transformation. ORA also provides zkOracle, enabling trustless access to AI data sources for any ai/fi project.
Funding and Team
ORA recently announced a $20 million investment from investors including Polychain Capital, HF0, Hashkey Capital, and SevenX. This funding will help ORA continue to develop its technology and infrastructure, tokenize AI models, and introduce decentralized AI to the Ethereum ecosystem, including Arbitrum, Optimism, Base, Linea, and other EVM-compatible chains.
Additionally, ORA has a strong team background. Kartin Jiatian Wong has previous experience working at Google, TikTok, and other Web2 giants, specializing in Web3.0, cloud computing, and quantum computing applications. Cathie So is a scientist at the Ethereum Foundation, known for innovating the Erc-7641 and Erc-7007 protocols for IMO.
In the future, all AI models can be listed on the blockchain through ORA, and by 2023, there will be a total investment of 189 billion into AI companies. We can imagine that ORA will create a sustainable market worth hundreds of billions, adding greater tension and space to Crypto AI.
