Hey OORT community!  Our June Town Hall was packed with the latest updates from our awesome team: OORT Foundation chairman Mike Robinson, CTO Sean Yang, product lead Alex, and our new DevRel Jimmy. If you missed it, no worries! You can catch the full recordings here or read on for a quick recap.
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BNB Greenfield Update

We extend a BIG thank you to all community members who participated in the BNB Greenfield voting. All 500 BNB have been refunded to their respective wallets. You can view the transaction here.

Additionally, the OORT Foundation will stake 500 BNB, and OORT will continue as a service provider for BNB Greenfield.

OORT DataHub

Since its launch just over a month ago, OORT DataHub has amassed 7K users, and over 2.5 million $OORT are staked on the platform.

Upcoming Features

• Advanced Tasks: Introducing more complex data collection and labeling tasks.
• Validation Tasks: Users will be able to verify the results of other users’ tasks.
• Leaderboard: A gamified experience where users earn points for completing tasks and inviting friends, with additional rewards.
• Simplified Registration: Easier registration process.
• Profile and Settings Sections: New profile and settings section along with overall UX updates.

Addressing Community FAQs

Duplicate Accounts

‍We are banning duplicate accounts because we are still in the testing phase and have a limited user cap of 10K. This ensures more people can join. Currently, tasks are very simple, and we introduce only one new task per day for all users. As we add more complex and varied tasks, we will introduce a system allowing certain trusted users to perform more tasks and earn more rewards.

Why are DataHub rewards more profitable than Miners who own OORT edge device - Deimos?

This is only a temporary situation. These two types of community engagement and rewards are not comparable for several reasons:

1. DataHub is in the testing phase, offering higher rewards to attract more users.
2. DataHub rewards are gradually decreasing. A temporary rewards boost has ended, and rewards are now tapering.
3. Future DataHub tasks will be more complex and require more user effort.
4. Deimos miners will earn passive income with minimal maintenance once their devices are set up.
5. The reward structure for DataHub tasks will depend on task complexity, offering dynamic and subscription-based opportunities.

How will DataHub generate revenue for OORT?

• Collaborating with AI companies to provide comprehensive data services, including data collection, labeling, annotation, and preprocessing, to enhance the accuracy and efficiency of their AI models.
• The global AI training dataset market was valued at $2.39 billion in 2023 and is projected to grow to $17.04 billion by 2032, with a CAGR of 24.7%. This growth is driven by the increasing demand for AI applications, which require high-quality training data.
• OORT DataHub is a first-mover in the decentralized data training sector, and we are excited about the future opportunities.

Other Q&A from the Community

Deimos Licensing Fee Update

‍In response to community requests for greater transparency, the licensing fee for Deimos, initially set at $60 per annual renewal, will later be payable using $OORT tokens once they are listed on a decentralized exchange (DEX). The tokens will be sent to a burner address, ensuring transparency as $OORT tokens are removed from circulation. This process is solely for the renewal licensing fee for Deimos.

OORT's Short-term and Long-term Vision

• Short-term: Focus on building and improving DataHub, growing the platform, and onboarding clients for AI dataset collection, labeling, and preprocessing.
• Long-term: Enable trustworthy AI development with our platform. Work closely with partners like Space and Time, and the Mind Network, integrating their technologies into our ecosystem. We aim to establish a DAO for collaborative governance, ensuring a transparent and decentralized ecosystem.

We look forward to your continued support and participation as we build a decentralized, transparent, and innovative future together.

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✅ Official Links

Please follow ONLY our official accounts and double-check URLs before engaging

• Website: http://oortech.com
• OORT Foundation: https://www.oortfoundation.org
• Ale Wallet: http://alewallet.app
• Twitter: https://twitter.com/oortech
• Telegram Announcement: http://t.me/oortech_announcements
  
• Discord: https://discord.gg/oort-decentralized-ai
• Docs: https://docs.oortech.com/oort/