🚀 Crypto Open Announces Launch of the WEBisOpen Point System To Catalyze AI Infrastructure

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Open, the Data and Compute Wormhole for innovations like verifiable and transparent AI and DeSci has launched its WEBisOpen Point System, according to an official announcement today.

Open Virtual Machine (OVM): Introducing the Key Technology Behind Open​

Open builds on the Open Virtual Machine (OVM) as its core technology. Notably, this technology bridges blockchain’s on-chain immutability and the scalability of decentralized compute, enabling blockchain networks to run sophisticated applications like decentralized AI and scientific simulations (DeSci).

Following its design, OVM powers blockchains with limitless, scalable, decentralized, and verifiable compute power, giving rise to possibilities of compute-intensive applications such as AI training, scientific simulations (DeSci), and complex financial algorithm executions, all done on-chain in immutable, transparent and verifiable manner.

With OVM, blockchains can provide users with a broad range of use cases, from AI-driven decentralized apps to complex financial models, all while preserving the immutability, verifiability, scalability, high-performance computability, and decentralization of on-chain operations.

Moreso, it offers a high-performance, decentralized, and verifiable compute layer, designed to democratize access to advanced computational resources. Its implementation begins with a demonstration and experimental applications on-chain analysis of genetic similarities between two viruses: SARS-CoV-2 (sequenced in Wuhan, 2019) and SARS-CoV (sequenced in Toronto, 2003) on the Open DeSci Platform.

Nonetheless, OVM allows projects to enjoy guaranteed reproducibility, secure data processing, and effortless genomic analysis.

Open Unveils Incentivizing Scheme, Ecosystem Users to Earn $OPEN Points​

Following this development, certain selected projects can now participate in on-chain interactions and earn their users $OPEN points. These selected projects include AISweat.Shop, Overlord.bot, Gameboi.ai, OpenDeSci Platform, and more are yet to be disclosed.

While all the Open ecosystem projects are expected to generate long-term incentives for Open stakeholders, the company revealed that the points from the previous campaign will be automatically bridged/converted to $OPEN points to reward users further. The company is yet to disclose the exact calculation of $OPEN points and utilities.

It is important to note that the Open Ecosystem has projects ranging from AI, information, socials, infrastructure, middleware, finance, data sources, creatives, and media.