Thread by @BarryFried1

Layer 1 combining AI and Blockchain technology?

Let’s talk about @oraichain $ORAI!

I don’t know if there’s a more undervalued project👀

Let’s dive in🧵👇
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To quote the team,
“Oraichain aims to become the first AI Layer 1 in the Blockchain space with a complete AI ecosystem, serving as a foundational layer for the creation of a new generation of smart contracts and Dapps.”
2/26

You’re probably wondering, why haven’t other Blockchains utilized AI tech?

The reality is, it’s harder to implement than it looks:

Strictness- smart contracts must follow strict rules (the inputs must be 100% accurate to generate an output) AI tech cannot function here!
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Environment- AI is usually written in Python or Java, whereas SCs use high level coding languages like Solidity and Rust.

Data size- AI requires a lot more data storage to function, as opposed to SCs.
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That is, until @oraichain, creating smart contracts with the ability to use AI models!

Let’s dive into the one-of-a-kind services #Oraichain offers👇
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AI Oracle:
While most Oracles are primarily used for price feeds, Oraichain allows smart contracts access to AI data!

Here are some ways AI could be useful for Dapps👇
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1. Identification based on biometric methods, such as face and fingerprint

2. Automated trading based on price prediction and AI strategies

3. Lending based on credit scores

4. Comparison of two products from their photos

5. Evaluating the price of game items
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How is this possible?

1. Validators test external AI APIs
2. Once confirmed, the data is stored on-chain
3. The AI API is proven as valid, and can be utilized on-chain!

Oh, some of your favorite projects and ecosystems use Oraichain’s AI oracle😏
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VRF (Verifiable Random Function):

It’s no doubt randomness is utilized in the crypto space.

Here are some examples where this is used👇

1. NFT/ game item creation with varied rarities

2. Winning odds for gambling/ casino-like projects
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3. Selecting the winner(s) for airdrop or whitelisting

4. Selecting a representative sample concerning the mechanism of consensus

5. Randomly assigning duties and resources

But what if certain “randomness” was actually “rigged” by misbehaving validators?🤔
10/26

Enter Oraichain VRF👇

In this method, validators first create a group signature on-chain.

When a request for randomness comes, each validator will create another signature, submitting it to the smart contract. The signatures will then be validated against the input.
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Once all signatures are collected, the SC will recover and verify the group public signature, sending out the “randomness” needed!

Believe it or not, this is being used on @avalancheavax and @FantomFDN, and is compatible with our favorite chains!
blog.orai.io/oraichain-the-…
12/26

Let’s dive into the Ecosystem itself👇
AI marketplace:
AI developers can sell their oracle scripts to dapp developers/users, paid in $ORAI tokens!

Not only does this benefit the protocol, it creates an equal playing field for AI providers large or small!

Win-win ;)
13/26

Data Hub:

Decentralized platform aiming to solve all your AI data problems.

Explore, analyze, store, share, create, or request high-quality data all from one platform!

https://twitter.com/tyreerobinson/status/1481387117108510723?s=21&t=V7VtCosOtjLcRiKvSiQtmg

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The Data Hub provides all the necessary tools to work with and to monetize data while preserving the royalties of creators.

That’s right- those who create AI data will receive royalties EVERY time their data is resold!
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Not a data creator? Cmplete labeling tasks (analyzing AI data), and receive $ORAI rewards!

Labeling competitions are often run ($ORAI rewards), incentivizing more users to complete tasks/analyze AI data!
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You don’t think other projects realize the potential this has?

Check out this partnership with @oceanprotocol 👇
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https://twitter.com/Blakochain/status/1370780008764018695

OraiDEX:
IBC and Cosm-Wasm based DEX, with multi-chain interoperability!

Swap or LP Oraichain ecosystem tokens, as well as assets like $UST, $LUNA, $ATOM, $OSMO!

Much more is coming to OraiDEX in the near future, stay tuned👀
18/26

Rest of the @oraichain ecosystem:

yAI finance-yield aggregator, using AI to optimize yield strategies

@aiRight_io- NFT marketplace leveraging AI to create a better and more secure UX!

(@aiRight_io thread coming soon👀)
19/26

https://twitter.com/aiRight_io/status/1517531014427422720

Different projects are using #oraichain’s unique services today, such as Kawaii Islands, @trava_finance, and @DcrcAvax!
20/26

https://twitter.com/oraichain/status/1436378052661952512

😏
21/26

https://twitter.com/CryptoDiffer/status/1415222366368587780

If that wasn’t enough, @oraichain will use rollups (Optimistic and ZK) and sub-nets on their blockchain!

This will allow for greatly increased TPS (10,000), as well as 2 second block times!

If you’re not aware, check out this deep dive on ZK rollups. Game changing tech!
22/26

https://twitter.com/BarryFried1/status/1511742345053900800

Did I mention Oraichain is part of the CosmosSDK ecosystem (IBC), as well as being EVM compatible?

Yup, any CosmWasm or EVM chain can access @oraichain through the ORAIbridge!🤯
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What’s the utility of the $ORAI token?

1. Chain gas fees
2. Stake $ORAI with a validator node to earn 27% APR!
3. Used throughout the ecosystem, such as purchasing AI data from the marketplaces, providing liquidity, and farming.
4. Governance
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Believe it or not, $ORAI has a marketcap of under 20 million🤯

Yes, the native token to a budding AI ecosystem, with a secure and scalable infrastructure👀

The AI industry is worth over 100 billion dollars…

I mean, this market is clearly not based on fundamentals…yet😏
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Thank you for reading.

Would really appreciate a retweet!

Follow for daily crypto threads! Let’s get to 3k😏
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https://twitter.com/barryfried1/status/1519295723468173313