The company's Optimistic Machine Learning (opML) technology is the core mechanism behind their product, opp/ai. It aims to provide secure and efficient on-chain machine learning with privacy-preserving features through optimistic systems and zero-knowledge technology. Ora also has an "initial model offering" (IMO) where ownership of open-source AI models can be tokenized. Co-founder Kartin Wong believes the project could "unlock the design space for AI dapps."
Key takeaways:
- Ora, a blockchain project that aims to incorporate AI into decentralized applications, has raised $20 million in funding from investors including Polychain, HF0, and Hashkey Capital.
- The new funding will be used to continue the development of Ora's technology and infrastructure for tokenizing AI models and bringing decentralized AI to the Ethereum ecosystem.
- Ora's technology, known as Optimistic Machine Learning (opML), is the foundational mechanism behind their product, opp/ai, which aims to provide secure and efficient on-chain machine learning with privacy-preserving features.
- Ora also offers an "initial model offering," or IMO, where ownership of open-source AI models can be tokenized, potentially unlocking the design space for AI decentralized applications.