[PRESS RELEASE – Singapore, Singapore, 16th March 2023]
Oraichain is partnering with DoraHacks to advance the adoption of its Layer 1 ecosystem for AI and Knowledge Financial system. Over the approaching months, our groups will work collectively on quite a few initiatives to assist the following era of AI + blockchain improvements, together with AI-enhanced dApps, AI Oracles, and key infrastructure.
DoraHacks is a worldwide hacker motion and the world’s most lively multi-chain Web3 developer incentive platform. Greater than 3,000 tasks from the DoraHacks group have obtained over $30 million in grants and hackathon prizes. DoraHacks has round 250,000 lively customers worldwide, with the platform providing hackathons, bounty, quadratic funding, privateness voting, and different resourceful group governance/funding toolkits. Oraichain is proud to accomplice with DoraHacks to draw expertise and assist new tasks on the community, becoming a member of the ranks of 80+ main Web3 ecosystems at present utilizing Dora infrastructures to efficiently fund their open-source communities.
Oraichain’s IBC-enabled Layer 1 gives a whole infrastructure for an open knowledge economic system, offering instruments for knowledge scientists to construction knowledge, practice, check, and publish fashions to Oraichain’s AI Oracle and monetize with most transparency and inclusivity. With this partnership, each groups purpose to foster improvements in blockchain and AI, resulting in the creation of AI-enhanced dApps on Oraichain and AI Oracle providers suitable with sensible contracts on many networks.
To advance the adoption of this AI Layer 1 for the information economic system, Oraichain and DoraHacks will work collectively to perform the next:
Leveraging DoraHacks’ developer group and platform visitors, the core purpose of this partnership is to advertise Oraichain’s ecosystem, tech stack, and toolkits to a wider viewers, attracting BUIDLers from each nook of the world to innovate AI + blockchain use circumstances. DoraHacks will lend its experience to arrange digital and in-person hackathon occasions, workshops, and demo classes with the purpose of making a wealthy and rewarding expertise for all contributors. As well as, each groups will work collectively to determine synergies with different main ecosystems, constructing relationships that may additional develop Oraichain’s affect inside the broader blockchain house.
Planning for the primary co-hosted hackathon is at present underway. Particulars concerning the date/time, registration, judges, and prize pool can be introduced within the close to future. We sit up for this occasion with nice anticipation, excited to acknowledge and reward probably the most promising improvements in AI x Web3. Keep tuned.
Along with offering assist for upcoming hackathons, DoraHacks will even be a part of Oraichain Mainnet as a validator, actively taking part to safe the community. This motion reinforces long-term dedication and mutual confidence for each events, and to assist, the Oraichain Basis will initially delegate 50,000 ORAI to bootstrap DoraHacks’ node.
DoraHacks is a worldwide hackathon organizer and one of many world’s most lively multi-chain Web3 developer platforms. It creates a worldwide hacker motion and gives crypto-native toolkits to assist builders world wide workforce up and fund their concepts and BUIDLs by way of hackathons, bounties, grants, grant DAOs, and public good staking. By far, greater than 4,000 tasks from the DoraHacks group have obtained over $30 million in grants and different types of contributions from supporters worldwide. Numerous open-source communities, DAOs, and greater than 40 main blockchain ecosystems are actively utilizing Dora’s infrastructure (DoraHacks.io) for open-source funding and group governance.
Oraichain is the world’s first AI-powered oracle and ecosystem for blockchains. Past knowledge oracles, Oraichain goals to turn into the primary AI Layer 1 within the Blockchain sphere with a whole AI ecosystem, serving as a foundational layer for the creation of a brand new era of sensible contracts and Dapps. With AI because the cornerstone, Oraichain has developed many important and revolutionary services together with AI worth feeds, totally on-chain VRF, Knowledge Hub, AI Market with 100+ AI APIs, AI-based NFT era and NFT copyright safety, Royalty Protocol, AI-powered Yield Aggregator Platform, and Cosmwasm IDE.
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