Statement: This article is not an advertisement; it is purely research on the potential and development expectations of this project. Another reason is that I will participate in the Chengdu event on the 21st, so I am researching in advance. Friends attending are welcome to DM for a meet-up!

1️⃣ Project Positioning

AI infrastructure for SLM (Specialized Language Models) built on OP Stack and Eigen DA Layer2, providing relevant data to assist in building paid models or Agents.

2️⃣ Project Background

Only one round of funding, led by Polychain and Borderless Capital. Angel investors include the founder of Eigenlayer, the founder of Polygon, co-founder of Manta, former CTO of Coinbase, etc.

Currently collaborating with numerous AI projects, such as Aethir @AethirCloud, IO Net @ionet, UniFAI @UnifaiNetwork, etc.

3️⃣ Team Background

Team information is not publicly available; based on known information, there are two Core Contributors (Rootdata can search for themselves).

➣ Ramkumar Subramanian, Core Contributor of Openledger. Previously involved in two projects.

One is GuardianLink @Guardian_NFT, an NFT issuance platform (now transformed into an AI development tool), and the introduction of the project's co-founders has not been updated.

https://www.linkedin.com/in/logananjaneyulu/

One is AiJT @AIJTofficial, an NFT marketplace (now renamed, originally called jump点trade, now transformed into a decentralized Agent network).

➣ Kamesh, Core Contributor of Openledger. His experience overlaps with Ram's.

From this, can we speculate that the Openledger team is likely the original team from GuardianLink? As for why so many disguises are used, it's worth considering.

4️⃣ Funding Background

With only one round of seed funding of 8 million USD, the positioning of L2 keeps its valuation ceiling relatively low. Combining AI data and model networks, similar to Sahara, a reasonable valuation should be between 200-300 million USD (there is a significant margin of error).

Interestingly, with only 8 million in funding, the official team can allocate 25 million USD for incentives for their official Launchpad OpenCircle.

So where did this money come from? 🤔

And a large part of the seed round funding lineup should be relationship-based investments; Polygon and Sandeep have close ties with GuardianLink, and EigenLayer has a strong partnership with Openledger…

5️⃣ Participation Method

  1. Kaito's comments.

  2. Participated in the testnet.

6️⃣ Overall Evaluation

After uncovering the team background and funding background, it actually reveals a lot.

Projects whose speculative value far exceeds their practical value are not likely to have a grand vision.

This may be the second shot fired, pointing out specific project issues, after A 大 @anymose96 took the first shot at Mira 😂.

However, I think we still need to clarify where the 25 million ecosystem fund came from. Everyone can think about which statements from the project party are true and which are false.