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Openfabric AI (OFN) is a groundbreaking decentralized network designed to democratize access to Artificial Intelligence (AI) by creating an open and inclusive marketplace for AI algorithms, data, and compute resources. It aims to bridge the gap between AI developers, data providers, and businesses seeking AI solutions, all powered by blockchain technology. Openfabric provides a robust, censorship-resistant infrastructure for building, deploying, and monetizing AI applications in a secure and scalable manner.
📊 Openfabric AI (OFN) Quick Facts
| Feature | Details |
|---|---|
| Token Name | Openfabric AI (OFN) |
| Blockchain | Ethereum (ERC-20), with plans for multi-chain expansion and Layer 2 integrations |
| Category | Decentralized AI, AI Marketplace, Compute Network, Web3 Infrastructure, Data Monetization |
| Circulating Supply | Approximately 20 million OFN (as of June 2025 – dynamic, check latest data, often subject to vesting schedules) |
| Total Supply | 400 million OFN |
| Use Cases | Payment for AI services/algorithms, staking for compute providers, data providers, and developers, governance, incentivizing network participation, accessing premium features, revenue sharing. |
| Official Website | openfabric.ai |
🔍 What Is Openfabric AI?
Openfabric AI is building a decentralized future for AI, where innovation is accelerated by a collaborative and open ecosystem. The platform addresses several key challenges in the current centralized AI landscape:
- Access Barriers: Democratizing access to powerful AI algorithms and models for small businesses and individuals.
- Monetization for Developers: Providing a fair and transparent way for AI developers to monetize their creations.
- Data Silos: Creating a marketplace for diverse datasets, ensuring fair compensation for data providers.
- Compute Scarcity: Leveraging decentralized compute resources to run complex AI models efficiently.
- Transparency & Trust: Using blockchain to ensure the integrity of AI models, data, and transactions.
The OFN token is the core economic engine that facilitates all interactions within the Openfabric network.
✨ Key Features
- Decentralized AI Marketplace: A platform where AI developers can list their algorithms, data providers can offer datasets, and users can consume AI services. This includes a wide range of AI applications from natural language processing to computer vision and predictive analytics.
- Compute Provider Network: Individuals or entities with excess computing power can contribute their resources to the network and earn OFN tokens, making AI computation more accessible and efficient.
- Data Provider Network: Data owners can securely and privately offer their datasets for use by AI algorithms, ensuring fair compensation and maintaining data integrity.
- AI Developer Tools: Provides SDKs and APIs to help AI developers easily deploy their models onto the decentralized network and make them available to users.
- Interoperability: Designed to support a wide array of AI frameworks and programming languages, ensuring broad compatibility for developers.
- Verifiable Execution: Blockchain technology ensures that AI model executions are transparent and auditable, enhancing trust and preventing manipulation.
- Staking Mechanism: OFN tokens can be staked by various network participants (compute providers, data providers, developers) to ensure service quality, security, and to earn rewards.
- Community Governance: OFN token holders have the power to participate in the decentralized autonomous organization (DAO), voting on key decisions, protocol upgrades, and resource allocation.
📈 OFN Tokenomics
The OFN token is the utility and governance token at the heart of the Openfabric ecosystem. Its multi-faceted utility is designed to incentivize participation and facilitate transactions:
- Payment for AI Services: Users pay OFN to access and utilize AI algorithms and data services on the platform.
- Staking & Collateral: Compute providers, data providers, and developers stake OFN as collateral to ensure reliable service delivery and to participate in the network. Staking also allows them to earn rewards.
- Incentivization: OFN tokens are distributed as rewards to network participants (compute providers, data providers, validators) for their contributions to the ecosystem.
- Governance: Holding OFN grants voting rights on proposals related to network fees, protocol upgrades, treasury management, and general strategic direction.
- Access to Premium Features: OFN may unlock access to advanced AI models, larger datasets, or exclusive functionalities within the marketplace.
- Revenue Sharing/Burn Mechanisms: The platform may implement mechanisms where a portion of the transaction fees or platform revenue is used to buy back and burn OFN, or to distribute to stakers, potentially creating deflationary pressure or enhancing value for holders.
The total supply of OFN is 400 million, with a carefully designed distribution and vesting schedule to ensure long-term sustainability and healthy market dynamics.
🚀 Use Cases & Applications
- AI-as-a-Service (AIaaS): Businesses and individuals can easily access and integrate various AI solutions without needing to build their own AI infrastructure.
- Decentralized Machine Learning: Researchers and developers can collaborate on AI projects, access diverse datasets, and utilize distributed compute power.
- Data Monetization: Data owners can securely and transparently sell access to their valuable datasets to AI developers.
- AI Model Deployment & Monetization: AI developers can deploy their models on a decentralized network and earn revenue based on usage.
- Web3 Gaming & Metaverse: Powering AI functionalities within decentralized games and virtual worlds.
- Decentralized Science (DeSci): Facilitating AI-driven research in a collaborative and open environment.
✅ Pros and ❌ Cons
Pros
- Democratizes AI: Lowers barriers to entry for AI development and consumption.
- Decentralized & Censorship-Resistant: Offers a robust alternative to centralized AI platforms.
- Incentivizes Participation: Rewards various stakeholders (developers, compute providers, data providers).
- AI & Blockchain Synergy: Effectively combines two cutting-edge technologies.
- Scalability & Efficiency: Aims to provide scalable and cost-effective AI computation.
Cons
- Network Adoption: Requires significant developer and user adoption to achieve critical mass.
- Technical Complexity: Building and maintaining a decentralized AI network is highly complex.
- Regulatory Uncertainty: Operating in the evolving regulatory landscape of AI and blockchain.
- Compute Provider Incentives: Ensuring sufficient and consistent compute power from decentralized nodes.
- Token Volatility: The value of OFN is subject to the inherent volatility of the crypto market.
- Competition: Faces competition from both centralized AI services and other decentralized AI projects.
🛒 How to Buy & Store OFN
- Select an Exchange: OFN is available on major centralized exchanges (CEXs) such as Gate.io, MEXC, KuCoin, and Bybit, as well as decentralized exchanges (DEXs) like Uniswap (on Ethereum).
- Set Up an ERC-20 Compatible Wallet: Use a non-custodial wallet that supports Ethereum (ERC-20 tokens) such as MetaMask, Trust Wallet, or Ledger (integrated with MetaMask).
- Acquire Base Cryptocurrency: Purchase ETH (Ethereum) or USDT from a major exchange (e.g., Binance, Coinbase, Kraken) as it will be needed to swap for OFN and cover gas fees.
- Swap for OFN: Connect your wallet to the chosen DEX or deposit your base crypto to the CEX and trade for OFN tokens.
- Secure Storage: For long-term security, transfer your OFN tokens to a hardware wallet (e.g., Ledger, Trezor) that supports ERC-20 tokens.
🔮 Future Roadmap
Openfabric AI’s future roadmap is likely to focus on:
- Mainnet Launch & Network Expansion: Fully rolling out the decentralized AI network and onboarding more compute and data providers.
- Multi-Chain & Layer 2 Integrations: Expanding to other high-throughput blockchains and implementing Layer 2 solutions to improve scalability and reduce transaction costs.
- Enhanced Marketplace Features: Continuously improving the AI marketplace with more sophisticated search, discovery, and integration tools.
- Developer SDKs & Tools: Releasing comprehensive developer kits to make it even easier for AI developers to deploy their models.
- Enterprise Adoption: Pursuing partnerships with businesses and traditional industries looking to integrate decentralized AI solutions.
- Community & Governance Development: Fostering a vibrant community and progressively decentralizing governance.
🏁 Conclusion
Openfabric AI (OFN) is at the forefront of the decentralized AI revolution, building an open, accessible, and fair ecosystem for AI development and consumption. By connecting AI developers, data providers, and compute resources through a blockchain-powered marketplace, Openfabric aims to unlock the full potential of AI by making it a shared and democratized resource. The OFN token is central to this vision, incentivizing participation and driving the growth of a truly decentralized AI future.
About Openfabric AI (OFN)
| Contract | |
| Website | openfabric.ai |
| Explorers | Etherscan |
| Community | |
| API idd | openfabric |
Openfabric AI (OFN) USDC (1 OFN To USD//Coin) Exchange Calculator
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