Now, a blockchain project to incorporate artificial intelligence decentralized applications (dapps), said it has raised $20 million in funding from investors including Polychain, HF0 and Hashkey Capital.
According to a press release, the new funds will allow the project “to continue developing its technology and infrastructure to tokenize AI models and bring decentralized AI to the Ethereum ecosystem.”
Now, founded in 2022 and calling itself “verifiable Oracle Protocol”, provides developers with the tools necessary to create end-to-end trustless and decentralized applications that are based on artificial intelligence, its project documentation states. An oracle provides real-world information such as prices, temperatures, and other data to a blockchain.
“Their Optimistic Machine Learning (opML) technology is the fundamental mechanism behind their revolutionary product, opp/ai,” the press release reads. “Through optimistic systems and zero-knowledge technology, it will provide secure and efficient on-chain machine learning with privacy-preserving capabilities.”
It also now offers what it calls “initial model offering,” or IMO, where ownership of open source AI models can be tokenized.
Kartin Wong, co-founder of Ora, said in the statement that the project could “unlock the design space for AI dapps.”
