Openfabric AI is a decentralized artificial intelligence (AI) platform that facilitates collaboration between AI innovators, data providers, businesses, and infrastructure providers to create and utilize intelligent algorithms and services.
The Openfabric AI platform aims to lower the barrier to entry for utilizing AI applications by leveraging blockchain technology, advanced cryptography, and novel infrastructure. This approach helps to address infrastructure demands and technical complexities, opening up new market opportunities.
The Openfabric ecosystem encourages fair market competition and collaboration within communities, ensuring the scalability and execution of AI applications. It also provides a marketplace for AI apps where users can access cutting-edge solutions.
OFN, a BEP-20 token on the BNB Chain, is the native currency of the Openfabric AI ecosystem and serves as its utility token. It supports the network’s consensus mechanism via staking. It is also used to pay transaction fees and incentivize engagement.
