KEY TAKEAWAYS
- OceanDAO and Ocean Protocol co-founders have invested $735,000 in Yiedl.ai to enhance AI-driven DeFi solutions.
- Yiedl.ai leverages AI to improve decentralized finance, integrating crypto price prediction models into its offerings.
- The partnership aims to utilize Ocean Protocol’s decentralized data platform to securely share and monetize data.
- Yiedl.ai is hosting a giveaway of 50,000 YIEDL tokens to celebrate the collaboration with Ocean Protocol.
OceanDAO, along with Ocean Protocol co-founders Trent McConaghy and Bruce Pon, and members of the Ocean Predictoor team, have invested a total of $735,000 in Yiedl.ai. This investment was announced here. OceanDAO serves as the decentralized autonomous organization arm of the Ocean Protocol ecosystem.
Yiedl.ai is an emerging marketplace that leverages artificial intelligence to enhance decentralized finance (DeFi). The platform is known for its data-intensive AI capabilities, which are being utilized by the Ocean Predictoor team to refine their crypto price prediction models. This collaboration is expected to integrate these models into the Predictoor product offerings.
The Ocean team plans to use its expertise in decentralized data exchanges and time-series prediction to guide the development of Yiedl’s AI-driven marketplace. Yiedl will also utilize Ocean Protocol’s decentralized data platform to securely share and monetize data. This partnership aims to leverage Ocean’s extensive data science community and the Superintelligence Alliance’s network, positioning Yiedl as a strategic partner in transforming DeFi through AI-driven solutions.
Yiedl’s Role in AI and DeFi Integration
Yiedl.ai is at the forefront of integrating AI with DeFi, providing users with AI-powered insights and preparing to launch decentralized execution bots. These tools are designed to help users navigate the evolving landscape of DeFi. The platform originated from a global AI competition that attracted over 1,000 data scientists and has since become a key provider of crypto data for AI competitions, including those organized by Ocean Predictoor.
This collaboration further solidifies Yiedl’s position in offering advanced crypto data analytics while expanding its reach and AI capabilities. To celebrate this partnership, Yiedl is hosting a giveaway for the Ocean Protocol community, offering 50,000 YIEDL tokens, each valued at $0.10.
Strategic Partnership and Future Prospects
This partnership with Yiedl represents a significant step in leveling the playing field for AI and data through decentralization. By combining Ocean Protocol’s decentralized data tools with Yiedl’s AI-driven marketplace, the collaboration aims to enhance the capabilities and accessibility of DeFi solutions.
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