With the popularity of OpenAI’s ChatGPT, artificial security-oriented projects started to come to the fore in the crypto market. Now these projects are establishing partnerships and collaborating to improve themselves. In line with this, artificial intelligence coin project Oraichain is collaborating with hacker movement DoraHacks to support next-generation artificial intelligence.
Partnership move from artificial intelligence coin project Oraichain
DoraHacks and the AI-powered ecosystem for oracles and Blockchains Oraichain (ORAI) have formed a partnership to accelerate the adoption of the Tier-1 ecosystem for artificial intelligence (AI) and the data economy. As part of the collaboration, in the coming weeks and months, the two groups will work on various projects to support next-generation AI and Blockchain technologies. According to the statements, these projects will include artificial intelligence-enhanced decentralized applications (dApps), artificial intelligence Oracles, and core infrastructure. This development had a positive impact on the AI coin price. On the day, ORAI rose from $5.64 to $5.90. The altcoin was trading at $5.8 at press time, up about 1.8% on a daily basis.
ORAI daily price chart / Source: CoinMarketCapDoraHacks is one of the world’s largest and most dynamic multi-chain Web3 developer incentive platforms, with around $30 million in prizes for over 3,000 ideas developed in the DoraHacks community through grants and hackathon awards. More than 250,000 people use DoraHacks every month because of the platform’s hackathons, bonuses, secondary funding, privacy voting, and other useful community governance/financing toolkits.
What will the partnership bring?
Partnering with DoraHacks, Oraichain is one of the eighty or so large Web3 ecosystems that use Dora infrastructures to effectively fund open source communities and recruit talent.
The primary purpose of this partnership is to use DoraHacks’ developer community and platform traffic to promote Oraichain’s ecosystem, technology stack and toolsets to a wider audience, thereby inviting BUIDLers from around the world to create AI and Blockchain use cases. DoraHacks will apply its knowledge to the planning of hackathon events, seminars and demo sessions, both online and in person. DoraHacks will also join Oraichain Main-net as an authenticator, actively contributing to network security and assisting future hackathons.
Oraichain’s Tier-1 ecosystem
Oraichain’s Tier 1 with IBC gives data scientists the tools to organize, train, test data and Oraichain’s AI Oracle to publish models and then monetize open data in a way that is both open and fair to all parties involved. It serves as a complete infrastructure for its economy.
Finally, the two groups want to work together to accelerate the development of breakthrough Blockchain and AI technologies, such as Oraichain’s AI-powered dApps and AI Oracle’s services, which can interoperate with smart contracts across various networks.
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