The infrastructure of the crypto industry is joining forces with traditional giants to accelerate product construction and optimize service experience.
On January 31, decentralized cloud service platform OORT reached a strategic cooperation with Seagate Technology (NASDAQ: STX), a global leader in big data storage infrastructure solutions, and Seagate Lyve Cloud Service joined the OORT network as an OORT super node. The cooperation aims to strengthen OORT's integration of global computing and storage resources, which is the key to its AI-focused services.
With the growing development of emerging technologies such as generative artificial intelligence (AIGC), Web3 and the Metaverse, the explosive growth of data has put higher demands on infrastructure. The integration of Seagate's Lyve cloud service has greatly enhanced OORT's storage capabilities to meet the high data requirements of artificial intelligence applications. With Seagate's advanced solutions, OORT is able to optimize costs, provide competitive prices and seamless experience, which is critical to its decentralized cloud infrastructure focused on artificial intelligence.
As a decentralized cloud service platform focusing on high privacy and low cost, OORT integrates idle computing and storage resources distributed around the world through blockchain technology, providing customers with a one-stop AI solution from infrastructure to platform services, and ensuring cost savings of up to 60%. As a leader in the storage industry, Seagate Technology, founded in 1979, is the world's largest manufacturer of hard drives, disks and read-write heads, and is a US-listed company with a market value of nearly US$20 billion.
OORT's three flagship products include OORT AI, a generative AI assistant building platform, OORT Storage, a decentralized storage service, and OORT Compute, a decentralized computing service. OORT AI is a generative AI assistant building platform that helps companies seamlessly integrate accurate, multimodal, and data-secure intelligent assistants into corporate operations in just a few minutes. No coding or AI expert involvement is required throughout the process. OORT Storage is a decentralized object storage service that provides users with secure data storage and retrieval anytime, anywhere. OORT Storage is currently the only decentralized solution that can match AWS S3 storage service in 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 of large models), which will be launched in 2024.
Currently, OORT has launched the mainnet Olympus Protocol, a self-developed Layer1 public chain based on DAG, with over 28,000 nodes, a fast block time of 2 seconds and low fees, and uses the patented algorithm Proof of Honesty to ensure transparency and trust.
“Optimized storage of massive data is key to any organization’s ability to scale. Seagate brings decades of expertise in managing large-scale data storage to enable organizations like OORT to deliver optimized AI solutions to their customers,” said Melyssa Banda, vice president of Storage Solutions and Lyve Services at Seagate.
“Our collaboration with Seagate marks an important step in enhancing our decentralized cloud services,” said Sean Yang, CTO of OORT. “Seagate’s advanced storage solutions help strengthen our AI service offerings and solidify our commitment to privacy and operational efficiency.”
Before cooperating with Seagate, OORT had already reached business cooperation with enterprise giants such as Tencent Cloud, Dell Technologies and Lenovo Imaging. For example, Dell and OORT jointly launched a new global loyalty program "Dell Rewards" last year, which was launched in Canada and the United States in July last year. The global loyalty program integrates OORT Storage (formerly OORT DSS) to provide Dell customers with decentralized storage services, including data storage and migration, filling the gap between Web2 and Web3 in data services, allowing users to securely store, migrate and retrieve data anytime, anywhere.
This collaboration provides OORT with a solid foundation in delivering practical, high-quality solutions to revolutionize the decentralized cloud computing industry, paving the way for leading the mainstream adoption of decentralized cloud infrastructure.
In addition to cooperation with industry giants, OORT has also received support from a wide range of industrial capital. Not long ago, OORT announced the completion of a new round of financing, with a total financing amount of nearly 10 million US dollars. Investors include Taisu Ventures (Cardano venture capital branch, formerly Emurgo), Red Beard Ventures, Hike Ventures and Optic Capital, as well as support from technology giants Microsoft and Google. Earlier, OORT also received investment 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 can not only stake and earn with OORT tokens, but also expect to receive airdrops from partners. At the same time, OORT officials also announced that more partners will be announced, involving IDO, Launchpad, seamless cross-chain bridge, DEX, etc. With the construction of cooperation and the prosperity of the ecosystem, the intersection of encryption and AI technology will benefit more users and businesses.