Open Ecosystem Unveils $OPEN Points Reward System for On-Chain Interaction with Selected Projects

San Francisco, California, January 7th, 2025, Chainwire

On-chain interaction with selected Open ecosystem projects will now grant users $OPEN points. The first batch of eligible projects includes AISweat.Shop, Overlord.bot, Gameboi.ai, OpenDeSci Platform, with more to be disclosed at https://webisopen.com/

The points from the previous @owlonmusk_ campaign will be automatically bridged/converted to $OPEN points. Check the previous campaign here: https://x.com/Owlonmusk_/status/1856245362870411344

The exact calculation of $OPEN points and utilities are yet to be disclosed. Details should soon be available at https://webisopen.com/

In addition, all Open ecosystem projects such as AiSweat.Shop (ASS), Open DeSci Platform, Overlord.bot, Follow and more are expected to generate long term incentives for Open stakeholders.

What is Open?

Open's core technology is the Open Virtual Machine (OVM). OVM powers blockchains with limitless, scalable, decentralized, and verifiable compute power, enabling compute-intensive applications like AI training, scientific simulations (DeSci), and complex financial algorithm executions—all done on-chain in an immutable, transparent, and verifiable manner.

OVM - Wormhole for Complex Compute

A bridge between blockchain's on-chain immutability and the scalability of decentralized compute, OVM enables blockchain networks to run sophisticated applications like decentralized AI and scientific simulations (DeSci). By integrating OVM, blockchains can now support advanced computations, unlocking new possibilities for high-performance, decentralized ecosystems.

This architecture supports a broad range of use cases, from AI-driven decentralized apps to complex financial models, all while preserving the immutability, verifiability, scalability, high performance computability, and decentralization of on-chain operations.

OVM - Verifiable AI Infrastructure

On-Chain AI and Machine Learning: OVM enables resource-intensive AI and ML computations on-chain, supporting advanced applications and agents like autonomous trader AI agents, sentient sentiment agents, predictive models, and personalized execution assistants while maintaining verifiability.

For example, AiSweat.Shop:

Built on Open's AI infrastructure (also known as webisOpen on X, collective includes RSS3), AiSweat.Shop (A.S.S.) enables easy deployment of autonomous AI Agents with various decentralized financial abilities (DeFi) and the tokenization of DeAI-Fi Agents.

Verifiable DeSci

The Open Virtual Machine (OVM) offers a high-performance, decentralized, and verifiable compute layer, designed to democratize access to advanced computational resources. Its implementation begins with a demonstration and experimental applications on-chain analysis of genetic similarities between two viruses: SARS-CoV-2 (sequenced in Wuhan, 2019) and SARS-CoV (sequenced in Toronto, 2003) on the Open DeSci Platform, showcasing its capabilities in bridging decentralized computation with the immutability of blockchain technology. By bridging powerful decentralized computation with blockchain immutability, OVM is a Data Wormhole for innovations like verifiable and transparent AI and DeSci.

This analysis is performed fully on-chain using Open's Open Virtual Machine (OVM) within a Trusted Execution Environment (TEE) (together known as Open's Compute Wormhole) utilizing and bridging decentralized compute from Hyperbolic Labs, to ensure integrity, immutability, determinism, and resistance to tampering. Additionally, OVM guarantees verifiability through on-chain transactions, promoting transparency and trust in the results.

This demo and experiment of Open Desci Platform Alpha and its record on-chain (on Open Chain) has also been released to the public to showcase the power of OVM to the public. Users can check out this link for more information.

These capabilities can highlight the expanding potential of OVM in decentralized science (DeSci), paving the way for further innovations in transparent and democratized research.

OVM - Compute Lego

Extending blockchain's functionality by enabling verifiable decentralized compute, OVM allows blockchains to securely harness limitless high performance computing power while preserving blockchain immutability and verifiability. Through its modular and scalable design, OVM enables different blockchains to be combined and integrated with decentralized compute like Lego blocks, whether for AI models or decentralized science (DeSci).

OVM - Institutional DeFi Infrastructure

Complex Financial Modeling: Ideal for DeFi applications, OVM allows for on-chain risk assessments, yield optimizations, and real-time derivatives pricing with verifiable and scalable compute, bringing institutional-grade modeling to on-chain decentralized finance.

OVM - Gaming & Metavere Simulations

Providing sufficient decentralized and verifiable computational power for real-time simulations, NFT generation, and complex in-game economies on-chain, OVM enhances the trust and security of assets in decentralized gaming and