Crypto Daily
2024-12-17 13:51:02

OpenLedger Partners With Restaking Platform Ether.fi To Enhance Security And Scalability

The partnership will see OpenLedger leverage the $6 billion TVL in Ether.fi to bolster network security and enhance scalability. Decentralized AI platform OpenLedger , which provides a data blockchain for AI model development, announced a strategic partnership with Ether FI , a leader in restaking infrastructure, to enhance the platform’s AI capabilities, security and scalability. Announced Tuesday, the collaboration will leverage Ether.fi’s restaking infrastructure with $6 billion TVL to enhance the security and scalability of OpenLedger’s decentralized ecosystem. As a top 3 restaking infrastructure provider with $6 billion in TVL, Ether FI will support OpenLedger’s vision of providing decentralized artificial intelligence modelling solutions to developers. OpenLedger will enhance its security and scalability features, providing innovative AI solutions – in models and data – to help developers efficiently train and scale workflows. Additionally, OpenLedger’s added scalability will also help AI startups and organizations address complex challenges across industries, powering the next generation of decentralized AI. One of the core contributors on OpenLedger believes the partnership with Ether FI will enhance the “trust and resilience” of the platform, making the platform “future-proof”. “Partnering with Ether.fi enables OpenLedger to elevate these principles by leveraging their restaking infrastructure,” the core contributor stated. “This collaboration reflects our shared vision of a decentralized ecosystem that is secure, scalable, and future-proof.” Notwithstanding, the partnership comes at a time when OpenLedger is preparing for the launch of its testnet and data intelligence layer, in its mission to democratize access to decentralized AI. The collaboration follows a strong adoption and investment year for OpenLedger. The decentralized AI company welcomed tens of partners during the year and recently completed an $8 million funding round led by Polychain Capital and Borderless. The funding highlights strong investor confidence in OpenLedger’s vision and further positions the company to support the development of adaptable AI models. Securing A Stronger Future For Decentralized AI The rise of artificial intelligence to the mainstream in the past few years has changed the world as we know it. Similarly, blockchains are increasingly adopting AI solutions to transform the AI landscape by distributing decision-making across networks rather than relying on centralized entities. OpenLedger is one of the pioneering firms in this space, offering industry-specific solutions for enterprises. The company creates scalable solutions for developers while ensuring data security and transparency. The partnership with Ether FI will see the company strengthen its offerings by leveraging its already-proven restaking infrastructure. It will gain a strong foundation to support the next phase of its development, enabling it to onboard developers seeking to create smarter AI models with verifiable data. As Ether.fi CEO and Co-Founder Mike Silagadze explains in his speech on the partnership: “Ether.fi is excited to shape the future of AI models and data infrastructure with OpenLedger. Through the utilization of our security and operators, we will work with OpenLedger to service the growing community of builders in need of specialized models and data for training, fine-tuning, and scaling their AI workflows.” In addition, the strategic collaboration will ensure secure processing for AI models and workflows, a critical requirement for developers and organizations in need of specialized solutions. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice

Get Crypto Newsletter
Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.