According to a TechFlow report, on January 8, the Ocean Protocol team announced that OceanDAO, co-founders Trent McConaghy, Bruce Pon, and members of the Ocean Predictoor team jointly invested $735,000 in the AI-driven DeFi market platform Yiedl.ai. As a DAO branch of the Ocean Protocol ecosystem, this investment from OceanDAO will support Yiedl.ai in driving DeFi innovation using data-intensive AI.
The Ocean Predictoor team is using Yiedl's cryptocurrency historical data to improve the accuracy of its price prediction models, which will be part of the Predictoor product. At the same time, the Ocean team will leverage its expertise in decentralized data trading and time series forecasting to guide feature development and drive the application of Yiedl's AI-driven market.