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OORT news
About OORT
OORT Foundation: Empowering Decentralized AI
Since its inception in May 2021, OORT Foundation has been at the forefront of decentralized AI technology, striving to create a transparent, trustworthy, and inclusive AI ecosystem. Recognizing the profound impact of AI technologies like ChatGPT, Google Gemini, and OpenAI Sora, OORT emphasizes the importance of varied data sources and diverse perspectives to mitigate biases and ensure fairness in AI development.
Vision and Mission
OORT's vision is to facilitate trustworthy AI for humanity. As AI technologies become integral to our daily lives, building trust through transparency and unbiased data is paramount. OORT's mission, "Cloud for Decentralized AI," embodies this vision by leveraging global resources, from data centers to edge devices, supported by a proprietary blockchain-based verification layer. This ensures that AI development is open, transparent, and involves the community at every stage, from data collection to model deployment.
Decentralized AI Approach
OORT redefines the traditional AI development process through decentralization:
- Data Collection: Individuals worldwide can share data via their devices and receive rewards, promoting inclusivity and transparency.
- Data Preprocessing: Community members process and label data, which is then securely stored on OORT's decentralized cloud with blockchain verification.
- Model Design and Training: AI models are collaboratively developed and trained using global computing networks, with the entire process recorded on the blockchain for accountability.
- Model Deployment: AI models can be deployed on user devices, ensuring data security and offline accessibility, bypassing the need for centralized servers.
Products and Services
OORT offers a suite of products that enable developers to build AI transparently and cost-effectively:
- OORT Datahub: Facilitates data collection and labeling, maintaining a permanent blockchain record of the process.
- OORT Storage: Provides decentralized storage solutions that are 60% cheaper than traditional services like AWS S3.
- OORT Compute: Utilizes geo-distributed GPUs for cost-effective AI model training and inference, available in 2024.
Decentralized Physical Infrastructure (DePin)
OORT's DePin system consists of:
- Super Nodes: Servers from partners like Seagate and Tencent Cloud for AI model training and data storage.
- Archiving Nodes: Secure data storage nodes from Filecoin and Arweave.
- Edge Nodes: User-owned devices for local data storage and AI model execution.
The Olympus Protocol, OORT's proprietary blockchain technology, connects these nodes and ensures secure, decentralized operation using a proof of honesty (PoH) consensus algorithm.
Tokenomics
OORT's native utility token facilitates payments, staking, and governance within its ecosystem:
- Payments: Discounts on OORT products when using OORT tokens.
- Staking: Rewards through staking pools and bonding pools, supporting network operations.
- Governance: Community-driven decision-making on fees and rules, with proposals funded by tokens.
Competitive Edge
OORT stands out by offering a comprehensive, democratic platform for AI development, integrating community involvement at every stage. Its products work seamlessly together to provide an enterprise-grade experience in decentralized AI development.
Investors and Team
As of January 2024, OORT has raised $10M from institutional investors like Taisu Ventures, Red Beard Ventures, Angelist, Trinity Venture Capital, Linkvc, and Waterdrip Capital, along with individual investors from prominent institutions. The core team comprises experts from organizations such as Columbia University, Qualcomm, and J.P. Morgan.
The live OORT price today is $0.080694 USD with a 24-hour trading volume of $2,080,965 USD. We update our OORT to USD price in real-time. OORT is down 7.19% in the last 24 hours. The current CoinMarketCap ranking is #805, with a live market cap of $17,136,229 USD. It has a circulating supply of 212,359,971 OORT coins and the max. supply is not available.
If you would like to know where to buy OORT at the current rate, the top cryptocurrency exchanges for trading in OORT stock are currently Bitget, Hotcoin, BingX, Hibt, and Pionex. You can find others listed on our crypto exchanges page.