The fresh funds will allow the project"to continue developing its technology and infrastructure for tokenizing AI models and bringing decentralized AI to the Ethereum ecosystem," according to a press release."Their Optimistic Machine Learning technology is the foundational mechanism behind their revolutionary product, opp/ai," according to the press release.
Ora also offers what it calls"initial model offering," or IMO, where ownership of open-source AI models can be tokenized. Kartin Wong, a co-founder of Ora, said in the statement that the project could"unlock the design space for AI dapps."in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.