ORA Raises $20 Million to Tokenize AI Models

ORA Raises $20 Million to Tokenize AI Models

Funding to enhance blockchain infrastructure and develop innovative AI model tokenization.

ORA, an oracle protocol, has secured $20 million in funding from investors like Polychain, HF0, and Hashkey Capital to advance the tokenization of AI models on blockchain. The funds will focus on developing ORA's ecosystem, particularly its optimistic machine learning technology (opML), which ensures verifiable and traceable AI interactions. ORA's new mechanism, Initial Model Offering (IMO), allows AI models to be tokenized using ERC-20 tokens, enabling revenue sharing among token holders. Launched on Optimism’s OP mainnet, ORA aims to enhance onchain machine learning with privacy-preserving features.

Disclaimer: Please note that the information provided in this article is based on the referenced research articles. It is essential to conduct further research and analysis before making any investment decisions. The cryptocurrency market is highly volatile, and investors should exercise caution and consult with financial professionals before engaging in cryptocurrency trading or investment activities.

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