a16z CSX led an investment of 6 million US dollars, and understand the decentralized AI data project ORO AI | CryptoSeed

Author: Patti, ChainCatcher

Edited by: TB , ChainCatcher

Recently, ORO AI, a private data AI project, announced that it has completed a US$6 million seed round of financing, led by a16z Crypto (CSX) and Delphi Ventures, with Ocular VC, Orange DAO, NEAR Protocol and 0G Labs participating.

As we all know, CSX is an acceleration program specially created by a16z crypto for early blockchain and crypto startups. CSX 04 launched the queue for the fourth Crypto Startup Accelerator program in early April and said that in the next two months, the founders of the selected company will receive first-hand guidance and support from the investment and operations team of a16z crypto. a16z CSX also promises to invest at least $500,000 in each selected company, and the decentralized AI platform ORO AI is one of them.

So, what exactly does the decentralized AI platform ORO AI rely on to be favored by top investment institutions a16z crypto at a time when liquidity is poor? Let's find out.

What is ORO AI?

ORO AI is a decentralized AI platform designed to unlock high-quality, private data for advanced AI models. Its founding team members are from Stanford University Artificial Intelligence Lab, Scale AI, Replit, Salesforce, Google DeepMind, Amazon AI and Binance.

Currently, most AI models rely on public data, but this data often lacks depth and diversity, making it difficult to train truly intelligent AI. It is precisely because ORO AI has seen this pain point and has proposed innovative solutions to improve the quality of AI models using private data. ORO AI hopes to enable individuals to safely contribute their private data through blockchain technology and privacy protection protocols, and get the rewards they deserve during the training of AI models.

Project mechanism: Data sharing and privacy protection

Private data refers to data generated by individuals in their daily lives and work that are highly personal and sensitive. These data contain rich context information and deep signals, which can significantly improve the performance of AI models. However, due to privacy and security issues, this data has not been effectively utilized.

The birth of ORO AI provides it with an effective utilization solution.

In fact, ORO AI's project mechanism mainly includes two levels: data sharing applications and privacy protection blockchain protocol.

Data Sharing Application

ORO AI's data sharing application is a gamified application where users can connect their own accounts (such as social media, finance, health, etc.) and complete interesting challenges, namely "tasks". These tasks will collect specific data required by AI companies, such as user health data, consumption habits, social behavior, etc.

Whenever users’ data helps AI become smarter, they get direct financial returns for their contributions. In addition, users can also choose tasks based on their interests and needs and contribute data they think are valuable. ORO AI also makes the data contribution process interesting and fulfilling through this gamified design, further enhancing user participation.

Privacy Protection Blockchain Protocol

To ensure the security and privacy of user data, ORO AI adopts advanced privacy protection technologies such as digital vaults, zkTLS and secure computing environments, allowing artificial intelligence to learn user data in a secure vault without directly viewing user private data.

Specifically, ORO AI’s blockchain protocol uses encryption technology to store user data in a secure vault, and the AI ​​model can only access the encrypted form of this data through a specific interface. During the training process, the AI ​​model can only obtain statistical features of the data or update the model weights, but cannot obtain the original data.

In addition, ORO AI’s blockchain will keep public records of data contributions and rewards that anyone can view to ensure that user data is fairly rewarded.

So, how should we participate in ORO as a user?

Users can contribute data by completing data collection activities required for the development of artificial intelligence, such as completing specific tasks, or connecting to user social accounts. Every time you contribute data, you will get ORO points, which can help users unlock "huge value".

According to official data, more than 350,000 people have joined ORO's waitlist, and its early users are mainly remote workers and cryptocurrency native contributors.

To ensure early user experience, ORO has temporarily closed waitinglist registration.

At present, ORO AI's official X attention is 24,000, and the overall project is still in its early stages. With the disclosure of this round of $6 million in financing, ORO AI is shortlisted for the top ten of the rootdata daily popularity list.

Elizabeth Harkavy, a partner of a16z crypto, also publicly shared his cooperation with ORO on his personal Twitter, expressing his optimism about ORO's protection of private data, calling it a killer application in the future, and believes that ORO " will give users control over private and secure data on the device and directly give back the actual value of the data to users ", which is also the reason why a16z crypto chooses to invest.

As Elizabeth Harkavy said, we are at a major crossroads in the development of AI, and private data is the biggest gap for developers to build new applications and solve real-world problems more accurately.

Can ORO AI provide new solutions for the release of private data and the rapid development of AI technology, becoming the next wave of killer applications?