Introduction
Initial Model Offering
In this age of AI, ORA is introducing a new mechanism, IMO (Initial Model Offering).
TL;DR: IMO tokenizes AI model onchain.
For AI models, IMO enables sustainable funding for open-source AI models.
For ecosystems, IMO helps align values and incentives for distribution and ongoing contribution.
For token holders, IMO lets anyone capture the value of AI models onchain, from sources including onchain revenue and inference assets (eg. ERC-7007).
Many open-sourced AI models face the challenge in monetizing their contributions, leading to a lack of motivation for contributors and organizations alike. As a result, the AI industry is currently led by closed-source, for-profit companies. The winning formula for open-source AI models is the need to gather more funding and build in public.
With IMO, we can win the fight for open-source AI. IMO can enable the sustainability of the open-source AI modelโs ecosystem by fostering long-term benefits and encouraging engagement and funding to the open-source AI community. The win is when we have better open-source models than proprietary models.
IMO tokenizes the ownership of open-source AI models, sharing its profit to the token holders.
Learn more:
Blog - IMO: Initial Model Offering
Announcement - IMO: Initial Model Offering
ETHDenver Talk - AI Isn't Evil and Smart Contract Proves It
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