Facebook (Meta) has signed a popular altcoin project for artificial intelligence studies. After the announcement, related cryptocurrencies skyrocketed by over 30%.
Meta chose this altcoin project for their AI models
Last year, Facebook’s rebranding as Meta put metaverse projects on trend. Now partnerships in this field continue unabated. In the latest development, Oasis Labs, which provides cloud service and artificial intelligence research for Web3 applications, announced its partnership with Facebook (Meta). The announcement came from the official Medium account of Oasis Labs recently. The Oasis Labs team made the following statements in the announcement:
We are excited to announce our partnership with Meta and the launch of a platform that will evaluate fairness while protecting people’s privacy in Meta’s products. As Meta’s technology partner, Oasis Labs created a platform that uses Secure Multiparty Computing (SMPC) to protect information when Meta asked users on Instagram to voluntarily participate in a survey where they could share their race or ethnicity.
With Oasis Labs, Meta will create a legal framework for an AI (Artificial Intelligence) model that aims to improve the lives of people everywhere and benefit society as a whole. The Oasis Labs team tweeted about this and the partnership.
Partnering for Oasis Labs and Meta AI models. This is a first-of-its-kind initiative that delivers inclusion and fairness.
After the announcement, ROSE price jumped 30%
Oasis is a privacy-enabled and scalable layer-1 Blockchain network. The project recently announced a $200 million ecosystem fund to support projects to be built on the network. With the Facebook (Meta) partnership, the ROSE price continues to move forward in the core developments workshop today.
ROSE price spiked from $0.04803 to $0.06601 today. At the time of writing, he is holding around 30% of his earnings for the last 24 hours. Shortly after the partnership was announced, ROSE started to fluctuate hard. Currently, ATH is at $0.5964 with a difference of around 90%.
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