The crypto market is never short of opportunities, but rather of vision.
What does ORA, a recently popular AI model tokenization platform, do? Why do major institutions favor it?
How ORA Works
ORA is a verifiable oracle protocol that brings AI and complex computation onto the Ethereum blockchain. Its main product is the on-chain AI oracle, currently supporting the 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, enabling developers to innovate freely. ORA’s two main products are the on-chain AI Oracle (OAO) and the 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 requires payment, and these fees are then 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 will receive a portion of the income generated from the models’ on-chain usage.
IMO and OAO together drive the forefront of open-source development.
Features and Advantages of OAO
Firstly, OAO is very 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 functionalities 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 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 for open-source AI models. By adjusting the ecosystem’s value and incentive mechanisms, it promotes model distribution and continuous contributions. Additionally, IMO allows anyone and any community to tokenize their AI models. This enables communities to effectively raise funds for open-source projects while incentivizing contributors to continuously improve globally accessible AI models.
ORA’s Vision: Towards a World Supercomputer
ORA is committed to supporting Ethereum as the world computer and its ecosystem, advancing the future development of DeFi, zkML, AI, and cryptocurrencies.
Comprehensive Innovation with Base Large Models
ORA has built an on-chain AI oracle using opML (Optimistic Machine Learning), achieving on-chain machine learning inference for any model. In addition, ORA has also developed 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 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 create 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 & 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 is the combination of AI and DeFi, driving new developments in DeFi through ORA’s Onchain AI Oracle, which provides verifiable AI inference. This concept redefines areas such as AMM, lending protocols, aggregators, stablecoins, etc., by identifying computationally intensive parts in DeFi protocols and applying AI for transformation. ORA also provides zkOracle for trustless access to AI data sources of any ai/fi project.
Funding and Team
ORA recently announced a $20 million funding round led by investors such as Polychain Capital, HF0, Hashkey Capital, SevenX, etc. This funding will help ORA continue developing its technology and infrastructure, tokenizing AI models, and bringing decentralized AI into the Ethereum ecosystem, including Arbitrum, Optimism, Base, Linea, and other EVM-compatible chains.
Additionally, ORA has a strong professional team background. Kartin Jiatian Wong has worked in major Web2 companies like Google and Tiktok, with experience in Web3.0, cloud computing, and quantum computing applications. Cathie So is a scientist at the Ethereum Foundation and has pioneered the Erc-7641 and Erc-7007 protocols for IMO.
In the future, all AI models can be sold on-chain through ORA, with an estimated $189 billion investment flowing into AI companies by 2023. We can imagine that ORA will be behind a sustainable market worth hundreds of billions, adding broader tension and space to Crypto AI.
