Connect with us
MARE BALTICUM Gaming & TECH Summit 2024

Blockchain

Partnership Announcement: Oraichain X DoraHacks

Published

on

Singapore, Singapore–(Newsfile Corp. – March 23, 2023) – Oraichain is partnering with DoraHacks to advance the adoption of its Layer 1 ecosystem for AI and Data Economy. Over the coming months, the teams will work together on a number of initiatives to support the next generation of AI + blockchain innovations, including AI-enhanced dApps, AI Oracles, and key infrastructure.

Image source: Oraichain

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8506/158664_83d7fced8472b807_001full.jpg

DoraHacks is a global hacker movement and the world’s most active multi-chain Web3 developer incentive platform. More than 3,000 projects from the DoraHacks community have received over $30 million in grants and hackathon prizes. DoraHacks has around 250,000 active users worldwide, with the platform offering hackathons, bounty, quadratic funding, privacy voting, and other resourceful community governance/funding toolkits. Oraichain is proud to partner with DoraHacks to attract talent and support new projects on the network, joining the ranks of 80+ major Web3 ecosystems currently using Dora infrastructures to successfully fund their open-source communities.

Oraichain’s IBC-enabled Layer 1 provides a complete infrastructure for an open data economy, providing tools for data scientists to structure data, train, test, and publish models to Oraichain’s AI Oracle and monetize with maximum transparency and inclusivity. With this partnership, both teams aim to foster innovations in blockchain and AI, leading to the creation of AI-enhanced dApps on Oraichain and AI Oracle services compatible with smart contracts on many networks.

To advance the adoption of this AI Layer 1 for the data economy, Oraichain and DoraHacks will work together to accomplish the following:

Co-Hosted Hackathons

Leveraging DoraHacks’ developer community and platform traffic, the core goal of this partnership is to promote Oraichain’s ecosystem, tech stack, and toolkits to a wider audience, attracting BUIDLers from every corner of the world to innovate AI + blockchain use cases. DoraHacks will lend its expertise to organize virtual and in-person hackathon events, workshops, and demo sessions with the goal of creating a rich and rewarding experience for all participants. In addition, both teams will work together to identify synergies with other major ecosystems, building relationships that can further expand Oraichain’s impact within the broader blockchain space.

Planning for the first co-hosted hackathon is currently underway. Details regarding the date/time, registration, judges, and prize pool will be announced in the near future. The teams look forward to this event with great anticipation, excited to recognize and reward the most promising innovations in AI x Web3. Stay tuned.

DoraHacks Node

In addition to providing support for upcoming hackathons, DoraHacks will also join Oraichain Mainnet as a validator, actively participating to secure the network. This action reinforces long-term commitment and mutual confidence for both parties, and to support, the Oraichain Foundation will initially delegate 50,000 ORAI to bootstrap DoraHacks’ node.

Join the Community

This is a very exciting time for the Oraichain ecosystem. The team looks forward to welcoming hundreds of new developers and projects over the coming year, working with DoraHacks to streamline onboarding and fund promising use cases. As the relationship deepens, both projects are committed to exploring the many ways DoraHacks and Oraichain can work together to support talented developers. Parties interested in learning more about Oraichain and exploring AI x Web3 technologies, are invited to join the community.

About DoraHacks

DoraHacks is a global hackathon organizer and one of the world’s most active multi-chain Web3 developer platforms. It creates a global hacker movement and provides crypto-native toolkits to help developers around the world team up and fund their ideas and BUIDLs via hackathons, bounties, grants, grant DAOs, and public good staking. By far, more than 4,000 projects from the DoraHacks community have received over $30 million in grants and other forms of contributions from supporters worldwide. A large number of open-source communities, DAOs, and more than 40 major blockchain ecosystems are actively using Dora’s infrastructure (DoraHacks.io) for open-source funding and community governance.

Website TwitterTelegramDiscordBinance LiveYoutubeLinkedIn

About Oraichain

Oraichain is the world’s first AI-powered oracle and ecosystem for blockchains. Beyond data oracles, Oraichain aims to become the first AI Layer 1 in the Blockchain sphere with a complete AI ecosystem, serving as a foundational layer for the creation of a new generation of smart contracts and Dapps. With AI as the cornerstone, Oraichain has developed many essential and innovative products and services including AI price feeds, fully on-chain VRF, Data Hub, AI Marketplace with 100+ AI APIs, AI-based NFT generation and NFT copyright protection, Royalty Protocol, AI-powered Yield Aggregator Platform, and Cosmwasm IDE.

Oraichain | Telegram | Twitter | YouTube | Discord | GitHub | Medium | Commonwealth

Contact:
Name: Duc Tran
Email: [email protected]

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/158664

Newsfile is a customer-focused newswire team that delivers press releases and corporate announcements to the global financial community. Approved by all stock exchanges, Newsfile offers broad access to media, analysts, investors and market participants. With agile services, proactive customer care and affordable pricing; Newsfile makes it easy for companies to tell their story to the audiences they need to reach.

Blockchain

THXLAB and IZUTSUYA Announce Strategic Partnership

Published

on

Continue Reading

Blockchain

OZANK Joins Forces with RevoluGROUP to Enhance Global Payment Infrastructure

Published

on

ozank-joins-forces-with-revolugroup-to-enhance-global-payment-infrastructure
Continue Reading

Blockchain

Financial industry bodies defend permissionless blockchains against Basel Committee’s classification

Published

on

financial-industry-bodies-defend-permissionless-blockchains-against-basel-committee’s-classification

Five financial industry bodies have pushed back against the treatment of permissionless blockchains by a global banking supervision authority.

In December, the Basel Committee on Banking Supervision (BCBS) published a report on proposed amendments to bank capital requirements for digital assets, stablecoins, and tokenized assets.

The report classified all permissionless blockchains as high-risk, claiming that some risks could not be mitigated through existing solutions. BCBS was particularly concerned about banks’ lack of control over third parties who conduct most operations on these blockchains. It also warned about their privacy, finality, liquidity, and political, legal, and policy risks.

In response, five global financial industry regulators have defended permissionless blockchains. In a joint response, they stated that the industry “has all necessary expertise and robust compliance frameworks to fully identify, manage and mitigate these risks.”

The five are the International Swaps and Derivatives Association, the Global Financial Markets Association, the Institute of International Finance, the Futures Industry Association, and the Financial Services Forum.

Blockchain’s application in the financial industry is evolving, and regulators must not disincentivize banks from exploring the technology, the regulators stated. By putting up unnecessary hurdles, the BCBS would only push these institutions to the non-regulated shadow banking space, which would be riskier for them.

The regulators further noted that dozens of global banks have conducted successful pilots using permissionless blockchains. These pilots have shed more light on the technology’s application and allowed them to understand and control emergent risks.

The BCBS approach is unfair to blockchain and veers away from the regulator’s long-held “same asset, same risk” approach, they added.

“While we acknowledge that risk mitigation techniques are evolving for permissionless crypto assets…we are confident that solutions already exist in respect of specific use cases,” the five stated.

They believe deciding whether to build on permissionless blockchains should be left to the banks.

The financial sector has been a leader in blockchain adoption, with some, like JPMorgan (NASDAQ: JPM), developing their own permissioned networks, albeit unsuccessfully. However, most have relied on existing solutions to build applications spanning settlement, bond issuance, tokenization, etc.

Source: coingeek.com

The post Financial industry bodies defend permissionless blockchains against Basel Committee’s classification appeared first on HIPTHER Alerts.

Continue Reading
Advertisement
Advertisement

Latest News

Recent Listings

  • Global Payout, Inc.

    Since the Company’s inception in 2009, Global Payout, Inc. has been a leading provider of compreh...

  • MTrac Tech Corp.

    MTrac Tech Corporation, a Nevada Corporation, is a privately held, wholly owned subsidiary of Glo...

  • Net1

    Net1 is a leading provider of transaction processing services, financial inclusion products ...

  • uBUCK Technologies SEZC

    Based in Georgetown, Cayman Islands, uBUCK Tech is a fintech enterprise that specializes in digit...

  • LiteLink Technologies Inc.

      LiteLink is a major player in developing world-class enterprise platforms that utilize ar...

  • Good Gamer Corp.

      Good Gamer Corp. is a privately-held technology company focusing on gamers and streamers....

  • BitPay

      Founded in 2011, BitPay pioneered blockchain payment processing with the mission of trans...

  • About Net1

      Net1 is a leading provider of transaction processing services, financial inclusion produc...

  • Blockchain Foundry Inc.

    Headquartered in Toronto, Canada, Blockchain Foundry (CSE:BCFN)(FWB:8BF)(OTC:BLFDF) is a global b...

  • Sixgill

    Sixgill provides a full suite of universal data automation and authenticity products and services...

Trending on TBE