The infrastructure of the encryption industry is joining forces with traditional giants to accelerate product construction and optimize service experiences.
On January 31, the decentralized cloud service platform OORT reached a strategic cooperation with Seagate Technology (NASDAQ: STX), a global leader in big data storage infrastructure solutions. Seagate's Lyve cloud service will join the OORT network as a super node. This cooperation aims to strengthen OORT's integration of global computing and storage resources, which is crucial for its AI-focused services.
With the rapid development of emerging technologies such as Generative AI (AIGC), Web3, and the Metaverse, explosive data growth is placing higher demands on infrastructure. The integration of Seagate's Lyve cloud service significantly enhances OORT's storage capacity, meeting the high data requirements of AI applications. With Seagate's advanced solutions, OORT can optimize costs, provide competitive prices, and deliver a seamless experience, which is crucial for its decentralized cloud infrastructure focused on AI.
As a decentralized cloud service platform focused on high privacy and low cost, OORT integrates idle computing and storage resources from around the world using blockchain technology. It provides customers with a one-stop AI solution from infrastructure to platform services, ensuring savings of up to 60% in costs. Seagate Technology, founded in 1979, is a global leader in hard drive, disk, and read/write head manufacturing and is a nearly $20 billion market cap publicly traded company on the US stock market.
OORT's flagship products include the generative AI assistant construction platform OORT AI, decentralized storage service OORT Storage, and decentralized computing service OORT Compute. OORT AI is a generative AI assistant construction platform that helps enterprises seamlessly integrate accurate, multimodal, and data-secure intelligent assistants into their operations in just a few minutes, without the need for coding or AI experts. OORT Storage is a decentralized object storage service that provides secure data storage and retrieval anytime, anywhere. OORT Storage is currently the only decentralized solution that can match AWS S3 storage services in terms of performance. OORT Compute is a low-cost, easily accessible decentralized computing service designed to enable decentralized data analysis and processing (such as training and fine-tuning large models), which will be launched in 2024.
Currently, OORT has launched the Olympus Protocol mainnet, a self-developed Layer1 public chain based on DAG, with over 28,000 nodes, 2-second block times, low fees, and a patented Proof of Honesty algorithm to ensure transparency and trust.
"Optimized massive data storage is key to the scalability of any organization. Seagate brings decades of expertise in large-capacity data storage management, enabling organizations like OORT to provide optimized AI solutions to their customers," said Melyssa Banda, Vice President of Seagate Storage Solutions and Lyve Services.
Sean Yang, Chief Technology Officer of OORT, stated, "The cooperation with Seagate marks an important step for us in enhancing decentralized cloud services. Seagate's advanced storage solutions help strengthen our AI service products and reinforce our commitment to privacy and operational efficiency."
Prior to the cooperation with Seagate, OORT had already established business partnerships with industry giants such as Tencent Cloud, Dell Technologies, and Lenovo Image. For example, Dell and OORT collaborated to launch a new global loyalty program "Dell Rewards" last year, which integrated OORT Storage (formerly OORT DSS) to provide decentralized storage services, including data storage and migration, bridging the gap in data services between Web2 and Web3, allowing users to securely store, migrate, and retrieve data anytime, anywhere.
This collaboration provides a solid foundation for OORT to completely change the decentralized cloud computing industry by providing practical, high-quality solutions and paving the way for mainstream adoption of decentralized cloud infrastructure.
In addition to collaborating with industry giants, OORT has received extensive support from industry capital. Not long ago, OORT announced the completion of a new round of financing, with a total funding of nearly $10 million, including investments from Taisu Ventures (a Cardano venture capital branch, formerly known as Emurgo), Red Beard Ventures, Hike Ventures, Optic Capital, as well as support from tech giants Microsoft and Google. Earlier, OORT also received investments from institutions such as Aves Lair, Trinity Venture Capital, LinkVC, Sanctor Capital, Waterdrip Capital, and Redline Labs.
It is worth mentioning that OORT is building a rich ecosystem through cooperation, such as preparing to launch the OORT Earn program. Users will not only be able to stake and earn with OORT tokens, but are also expected to receive airdrops from partners. Additionally, the official OORT announcement anticipates the announcement of more partners involving IDO, Launchpad, seamless cross-chain bridges, DEX, etc. As the collaboration and ecosystem thrive, the intersection of encryption and AI technology will benefit more users and businesses.
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