2024 Recap: Building Momentum and Driving Strategic Developments

2024 has been a landmark year for OORT, marked by significant achievements, strategic partnerships, and groundbreaking developments across various sectors. From reaching critical funding goals to launching innovative products like DataHub, it is time to look back at the key milestones that defined OORT's successful year of 2024. Read more. 

$OORT Token Buyback and Burn

In line with our commitment to long-term growth and value creation, we allocate up to 30% of our revenue to repurchasing $OORT tokens on the open market. Here’s a recap of our token buyback and burn progress for Q1 to Q3 of 2024:

The Q4 token buyback is currently underway. Stay tuned for the final update!

Introducing the DataHub Penalty Mechanism

We’ve identified instances of platform manipulation, including submitting random data and misconducting task validations. These activities compromise data quality, disrupt platform integrity, and undermine community benefits. To address this, we’re introducing a penalty system as part of our Proof of Humanity (PoH) mechanism.

Before the penalty system is rolled out, we’d like your input! Please review the details below and share your feedback here. 

Your thoughts will help us build a stronger, fairer DataHub ecosystem.

DataHub Task Release Paused Until Jan 20th

To maintain the integrity of the platform, we are temporarily pausing the release of DataHub tasks until January 20th. This decision was made to address issues where scammers unfairly accumulated rewards, impacting the experience and fairness for other users.

During this suspension, we will:

• Clean the collected data to ensure quality.

• Implement a new penalty mechanism to create a safer and more equitable platform.

Once the data cleaning process is complete, it will be published on the Kaggle marketplace.

Decentralised AI: where is the breaking point?

During Taiwan Blockchain Week 2024, OORT and Comma3 Ventures co-hosted the AI Catalysts Lounge | Connecting AI & Crypto Innovation, an exclusive side event designed to bridge the worlds of decentralized AI and blockchain. This intimate gathering brought together 250 handpicked innovators, investors, and thought leaders to explore groundbreaking advancements at the intersection of these transformative technologies.

The dynamic panel discussion on "Decentralised AI: where is the breaking point?" which sparked parked engaging debates on key topics, including:

• The rapidly evolving landscape of computing infrastructure

• Real-world applications of decentralized AI

• Critical challenges and breakthrough solutions in the field

• The fusion of Web3 and AI technologies

Thank you for staying connected with OORT! We’re thrilled about what’s to come and can’t wait to share more updates with you soon.