beautifully explained 🤝🤩

OpenLedger (OPEN) is an AI-native blockchain designed to solve the issues of transparency and fair compensation in the AI industry. Founded in 2024, the project has raised $8 million in seed funding and is backed by prominent investors.
Key aspects of OpenLedger:

* Proof of Attribution (PoA): This is the core mechanism of OpenLedger. PoA is a cryptographic and verifiable system that tracks every contribution to an AI model, from data and code to model improvements. Every time a model is used, the system records which data points influenced the output and rewards the original contributors with OPEN tokens. This creates a transparent and equitable system where everyone involved is fairly compensated.

* OPEN Token: The native token, OPEN, is essential to the ecosystem. It's used for:
* Gas and Fees: Paying for transactions and AI-related activities on the network.
* Incentivization: Rewarding data and model contributors through the PoA mechanism.
* Staking: AI agents and validators stake OPEN tokens to ensure network integrity.
* Governance: Holders can vote on key protocol decisions.

* Technology and Architecture: OpenLedger is an EVM-compatible Layer 2 blockchain built on the OP Stack. This allows for scalability, high throughput, and low transaction fees while settling transactions on the Ethereum network. It also utilizes a unique architecture that includes "Datanets" for community-driven data collection and curation, and a "ModelFactory" for building AI models on-chain.

* Mission: OpenLedger's goal is to create a decentralized, transparent, and fair infrastructure for AI development, challenging the dominance of centralized AI companies and fostering a community-driven AI economy.

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