OORT | Decentralized Data Cloud (OORT)

IEO

Last updated: Jan 09, 2024

OORT is a decentralized data cloud platform designed to maximize privacy and cost savings by integrating global compute and storage resources.

Strategic Round: $6.2 Million

Funding Round: Details

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Overview

Project industry	Business Services & Consulting / Big Data & Data Storage / AI & Neural Networks
Project launchpad	Gate.io Startup Launchpad
Product type	Technology
Whitepaper	Open
Onepager	Open

What is OORT | Decentralized Data Cloud

OORT is a decentralized cloud for privacy and cost savings. OORT aims to create a world where people fully own and control their data, and use natural language as the gateway for effortless data interaction. Products:

OORT Storage (previously known as OORT DSS) offers a powerful, private, and cost-effective alternative to traditional centralized cloud storage services. By storing data in a decentralized manner, OORT Storage provides a robust and intuitive solution for those not familiar with the Web3 landscape.
OORT AI (previously known as OORT TDS) is a platform designed for crafting generative AI agents, allowing businesses to seamlessly incorporate factually accurate, versatile, and secure AI into their operations in mere minutes, not months. No coding or AI specialists needed.
OORT Compute is a decentralized data compute engine that empowers data analytics, pipelines, and more. OORT Compute is set to launch in Q2, 2024.

Details

IEO (Gate Launchpad): Jan 14, 2024 - Jan 15, 2024
Token supply: 2,000,000,000 OORT
Total tokens for sale: 200,000,000 OORT
Raised: 6,200,000 USD

Legal

Registration country: Switzerland

Office address: Bundesstrasse 3, 6302 Zug, Switzerland

Token info

Ticker: OORT
Type: Utility-token
Token price in USD: 1 OORT = 0.15 USD
Token distribution:
Team - 15%
Foundation - 10%
Fundrasing - 10%
Mining Reserves - 65%

OORT | Decentralized Data Cloud Roadmap

Feb 15 2023

Ascraeus Testnet Launch
Ascraeus Testnet is OORT's third testnet after Dome-A and Huygens, dedicated to evaluating the DEN tokenomics and network performance.
OORT DEN Launch
OORT Decentralized Edge Network (OORT DEN) is one of the flagship products of OORT, the data infrastructure for the next billion Web3 users. Oort DEN is an edge network that makes Web3 applications faster, more secure, and easier to scale.
OORT Mainnet Beta Explorer Launch
OORT's new blockchain explorer will include data from not only the mainnet beta, but also the Ascraeus testnet. Users will be able to view mining and transaction-related information, furthering the network transparency of OORT.

March 2023

Ale Wallet Version Update
The new version of Ale Wallet will include features like in-wallet token swap between USDT(BSC) and CCNA.
OORT Storage Commercial Version Release
OORT Storage commercial version has been released on March 29, 2023 after wrapping the beta version.

Q2, 2023

Investors & Partnership Announcement
April 5th: Announced strategic partnership with Tencent Cloud.
May 3rd: Announced Emurgo's strategic investment and partnership with OORT.
July 7th: OORT joined Dell Loyalty Program.

Q3, 2023

OORT AI Launch
August 30th: OORT AI has officially launched.
September 22nd: Announced that Lenovo Image as one of the first enterprise clients of OORT AI.

Q4, 2023