๐ OpenLayer has just secured $5.00M in its latest funding round! ๐
๐นAbout: OpenLayer is a decentralized platform that empowers users to reclaim, own, and share their data securely. By enabling individuals and devices to contribute to a modular system for data collection, validation, and transformation, OpenLayer facilitates the creation of authentic data feeds. Users can earn points for their data contributions, which can be utilized in various applications, including AI training, user targeting, and feature enhancement. The platform emphasizes privacy and consent, ensuring that user data is shared safely while preserving individual privacy. OpenLayer is built on the Eigenlayer AVS (Actively Validated Service) and introduces OpenOracle, a decentralized oracle that democratizes data streams through optimistic, verifiable computation. This innovative approach reduces the barriers and expenses associated with data feed creation and consumption. OpenLayer aims to make data more accessible, secure, and valuable for developers and users alike. The project is backed by top-tier industry players such as the Ethereum Foundation, Optimism, and Arbitrum. OpenLayer is poised to make a profound impact on the blockchain ecosystem by simplifying data access and ensuring the verifiability of data feeds. ๐๐
๐น Lead Investors: The Spartan Group, a16z CSX, IOSG Ventures, LongHash Ventures, MH Ventures and many more.
๐น Total Raised: $5.00M.
๐น Project Category: AI, DePIN, Blockchain Service.
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