Openfabric AI
Crypto Overview
Purpose and Intended Use
Openfabric AI (OFN) is a blockchain-based platform designed to democratize access to artificial intelligence technologies. The project aims to create a decentralized marketplace where AI developers can deploy their models and users can access various AI services using the OFN token.
Business Model and Utility
The OFN token serves multiple purposes within the ecosystem: it's used as payment for AI services, rewards for AI model providers, and governance participation. The platform facilitates direct transactions between AI service providers and users, creating a legitimate marketplace for AI capabilities.
Real-World Adoption and Development
The project is in its early stages, with development actively ongoing. The team has released their mainnet and marketplace, though adoption is still limited. The platform currently hosts various AI models and services, showing actual utility implementation rather than purely speculative value.
Token Distribution and Governance
The token distribution appears structured with consideration for long-term development, including allocations for ecosystem growth, development team, and community initiatives. Vesting schedules are in place for team tokens, suggesting commitment to long-term development.
Technical Infrastructure
The platform operates on a blockchain infrastructure that enables secure transactions and deployment of AI models. The technology stack focuses on making AI services accessible while maintaining decentralization principles.
Crypto Impact
To assign a comfort level investing in Openfabric AI from a halal perspective we need to determine whether it has a net positive or negative impact.
Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to Openfabric AI.
If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.
We will review your contribution for accuracy before publication.
Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.
You only have one vote per asset so use it wisely.
You can change your vote if you change your mind.