Openfabric AI (en)
Openfabric AI project overview:
Imagine the future of the Internet, in which artificial intelligence's (AI) algorithms are able to connect, unite and evolve in an open environment, which help to develop the AI as a whole.
Openfabric — is a platform for creating and connecting AI applications that provides easy access to powerful AI solutions.
It is an ecosystem that allows people to create and use AI applications not necessarily to have deep knowledge of AI or infrastructure.
With Openfabric technology, users can access AI solutions with a simple click of a button.
The Openfabric project solves several challenging issues which AI platforms face, including:
- reducing infrastructure costs and technical skills required to use AI applications;
- simulation of fair competition in the market, which supports the creation of larger, more dynamic and developing communities;
- the use of blockchain technologies to ensure the scalability of completing tasks and eliminating blocking by service providers.
The Openfabric ecosystem provides users with many options to use:
- invest in the next top sector since the creation of the Internet - AI (AI capitalization is currently $ 62.5 billion. Estimated growth is $ 126 billion by 2025!);
- get access to high-tech competitive advantages;
- join as an innovator to create and earn money from AI applications;
- run nodes and lend your computing power;
- share data and power up next-generation AI applications with it;
- become an ambassador and create new opportunities;
- join as a validator to secure the operational network;
- become an influencer and influence the growth of the community.
The platform also serves as an "app store" for AI apps AI Xplorer:
AI Pay wallet is being developed:
Some of the videos of how the Openfabric products work (alpha version):
- Stunning NFT art creation using just a text description https://youtu.be/biacEXy7DAE
- Video creation using a text description
https://youtu.be/KbHV_6OKpyM - Video creation with the voice over
https://youtu.be/h3FJuZh-1Fc - Step-by-step instructions on how to do "identity recognition" https://youtu.be/ejQZual8zBI
- Step-by-step instructions on how to create a chat bot
https://youtu.be/sBCGhpFcQ48
Team
The core team consists of experienced professionals who have combined their strengths and knowledge in order to achieve a common goal and offer the best solutions in their field.
Each member of the team has made a unique contribution and has big experience in their field.
Andrei Tara, CEO - has over 10 years of experience in information technologies, with a focus on the development of blockchain technologies and cryptocurrencies.
Andrei is a demanded expert in the field of blockchain technologies and has many positive recommendations from his colleagues and partners on his LinkedIn page.
His previous work at Elrond Network shows that he has extensive experience in blockchain product development and is able to lead a team of highly qualified developers.
https://www.linkedin.com/in/andreitara/
Ion Ceban - is a key developer.
Ion has over 7 years of experience in software development, specializing in Java application development and also has experience in test automation.
He is also experienced in project management, negotiation and building relationships with clients.
Andrei and Ion worked at Elrond Network and held the position of C-level (top position)
https://www.linkedin.com/in/ionceban/
Other team members can also be found on the company's official LinkedIn https://www.linkedin.com/company/openfabricai/?original_referer=https%3A%2F%2Fteletype.in%2F
Project's Advisors:
- Tammy Ahn - business advisor.
Vice Chairman of the Korean Chamber of Commerce and Industry in Singapore, venture partner, investor and consultant for large blockchain projects. Policy Advisor for the Busan Metropolitan City. Banking investment strategist at Citibank.
https://www.linkedin.com/in/ahn-tammy-tae-hyon-b4095120/ - Raghu Bala - technical advisor.
Serial entrepreneur, worked at Yahoo, Infospace and PwC, specializes in Web3, AI, NFT, Defi, Metaverse, IoT. He teaches MIT AI and Blockchain courses at GetSmarter. Educated at Wharton, MIT and Columbia University.
https://www.linkedin.com/in/raghubala/ - Mark Fitzgibbon - technical advisor.
Director of the API3 Foundation. He works in IT sphere for more than 23 years: mainly in network engineering and project management. - Miles Carroll - business advisor.
Co-founder and COO of Opulous, the world's first NFT platform in the music industry.
Previously worked at Kosmos Capital, an investment company specializing in helping blockchain startups scale and integrate their products.
https://www.linkedin.com/in/carrollmiles/ - Hjalmar Turesson — scientific consultant.
Data processing specialist at the Schulich School. He holds a Ph.D. in neuroscience and psychology of Princeton University.
https://www.linkedin.com/in/hturesson/ - Surbhi Singh — business advisor.
Head of BD at Kana Labs and EthosX, a decentralized finance platform. Angel investor with more than 7 years of experience in top exchanges and one of the leading cryptocurrency trading firms.
https://www.linkedin.com/in/surbhibsingh/
Investors and partners
There are not only a few major investors from Seed Round "On board" - Big Brain Holdings, GSR and Cogitent Ventures, but also lots of partners, including such popular companies as Valist, Datality, Reef, IPFS, API3, DeepSquare, UTU, Radom Network, Natix, DataUnion, DigiFinex, IllumishareSrg, Caduceus and zkSync.
They also partner with blockchains such as Algorand, Harmony, Avalanche, Polygon, Chainlink, API3, Reef and zkSync to ensure the highest efficiency and empowerment of the project.
With such a support, Openfabric will get an extra boost and will be able to achieve high results.
Investors and partners are strong enough and prepared to complete all the tasks.
Token utilities
$OFT token (OpenFabric Token) is a utility token used throughout the Openfabric.ai ecosystem.
- Staking: Platform/Network Security
- Rewards: receiving rewards for performing certain actions on the platform/network
- Payment: the token is used to purchase products or services on the platform/network
- Using token as an internal currency
- DAO - government token. Staking of a token gives the right to vote, make important decisions and determine the future of the platform
Interesting and very promising company's concept that is going to become a leader in AI sphere which quickly and organically integrates using technologies and web3.
Tokenomics
Our Round - Private
Our price per $OFT token: $0.045
Network: Ethereum
Round size 3.4m, value 22.5m
Our terms: TGE 8%, 3 months cliff, then linear unlock for 18 months.
Launch of the mainnet and release of the token to the market are scheduled for the end of Q2 2023 on the Gate.io exchange and the DaoMaker launchpad.
The team and advisors' lockups are longer than ours - their first unlock will only be 6 months after the lockup.
As always, we remember that there may be some tiny changes in tokenomics before the project enters the market: this may occur if a larger investor and / or partner enters the game.
Social Network
🌐 Openfabric project website https://openfabric.ai/
🐦 Twitter https://twitter.com/openfabricai — 16K, there are subscribers from Microsoft, IBM and Nvidia, as well as Big Brain Holdings, API3, Autonomy Capital and others.
👨🏻💻 Telegram https://t.me/OpenFabricAI — 13K
👾 Discord https://discord.com/invite/yRe72muZmp — 7K, they are now running a campaign in which they plan to attract 25,000 subscribers. The first 25,000 who will join the Discord channel can get the role of "AI Pioneer" and thereby get whitelisted on the "Free mint" of their NFT collection.
📁 Litepaper https://openfabric.ai/resource/openfabric-litepaper.pdf
A strong project that is preparing to become the leader of the AI market.
The team is experienced, ambitious, with connections and experience in launching startups.
It is worth mentioning that the Openfabric project is at an early stage of development and its full potential is yet to be revealed.
However, the platform has already received support and recognition from the community of developers and researchers in the field of artificial intelligence.
To sum it up, Openfabric is an innovative and forward-thinking AI project that has the potential to change the way of creeating and using of AI applications.
We definitely recommend investing in this promising coin.