ORA plans to use the funds to expand its ecosystem, focusing on research and development of oracles and blockchain infrastructure.
Oracle protocol ORA has closed a $20 million funding round from Polychian, HF0, and Hashkey Capital, among other investors. The protocol is building a technology for tokenizing artificial intelligence models onchain.
The funds will be used to develop ORA’s ecosystem, with a focus on research and development of oracles and blockchain infrastructure, according to an announcement on June 26.
The protocol is working on its optimistic machine learning technology, or opML, that allows blockchain to conduct AI model inference while adding layers of verifiability and traceability. In other words, every AI interaction, such as the AI model used, the data inputs and the outcomes, is recorded and can be verified.
