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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 model’s 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
- Sample ERC-7641 implementation