Strategic Partnership Announcment
June 12, 20234 minutes read
When it comes to the web3 ecosystem, there are two key elements we need to address. Firstly, there’s the buzz, the discussions, and the overall fascination surrounding the industry. However, the real excitement lies in taking action – specifically, teaming up strategically with companies within the blockchain network. We are thrilled to announce that we have teamed up with 5ire. 5ireChain is a layer-1 EVM compatible smart contract platform that focuses on developing a for-benefit blockchain ecosystem based on the Sustainable Development Goals (SDGs) defined by the United Nations (UN). Joining force with 5ire represents a significant breakthrough for our ecosystem; as it aligns with our shared mission to push the boundaries. Hence, providing innovative and cutting edge solutions to both ecosystems. Additionally, teaming up with 5ire is sorely based on the belief that collaboration is vital and therefore, unlock the full potential of blockchain technology and AI Applications.
What does this partnership entail for both companies?
In recent years, we’ve witnessed a remarkable surge in the adoption of blockchain, AI, and web3 technology across various industries, spanning finance, lending, payments, identity verification, digital collectibles, and governance. To achieve broader adoption, it becomes imperative to expedite the implementation of blockchain technology and foster partnerships to pilot its usage, enabling it to mature and gain widespread acceptance. Being a decentralized-oriented ecosystem, we seek to create innovative solutions that address pressing concerns and contribute to a more sustainable future. Thus, positioning our strategic partnership with 5ire as impact driven. Part of our mission at Openfabric is to create bridges that allow any AI application to communicate directly with any blockchain application-which aligns perfectly with 5ire’s modular architecture being the sustainable Proof-of-Stake blockchain with validators that bring sustainability from the off-chain and governance mechanisms that assure the empowerment of decentralized organizations.
Additionally, this partnership entails unlocking potential and resources to provide both companies with new growth and opportunities. Together, we will work to advance blockchain technology and create a more interconnected environment for developers, users, and businesses alike. We have no doubt that teaming up with 5ire will facilitate more efficient cross-chain communication, promoting innovation and growth in the industry. While at the same time, create a smooth and supportive development for developers to build on top of Openfabric AI Protocol.
Learn More About 5ire
5ireChain is a fifth-generation blockchain that aims to bring a paradigm shift from a for-profit to a for-benefit economy. 5irechain’s primary goal is to create a user-centric sustainability-driven ecosystem. This is achieved by embedding sustainability in the network’s base layers and the upper decision-making that democratically commands the network.
5irechain is a Nominated Proof-of-Stake blockchain with validators that bring sustainability from the off-chain and governance mechanisms that assure the empowerment of working groups and decentralized organizations that work toward the implementation of the UN 2030 Agenda. Thus, bringing a shift from a for-profit paradigm to a for-benefit by altering the core concepts and leverage the true power of blockchain as a source of truth and multilayered oracles as the tools to bring forth this true power of DLT technologies and offering the most secure and advanced collaboratives tools that are based on E2E encryption data exchange open-source protocols to help DAOs and working groups at bringing forth value off-chain, to the world.
Here’s an interesting feature: 5ire is on a mission to empower a For-Benefit Economy through Sustainable Blockchain Innovation, and this is sorely in line with the sustainable developer goals.
Learn More About Openfabric AI
Since our inception in 2019 as a research project, we’ve gained the attention of developers and keen players in the AI & Web2-3 industry. We are a decentralized Layer 1 AI protocol for building and connecting AI applications. Our team harnessed the power of blockchain, advanced cryptography, and novel infrastructure to create a new foundation for AI-Apps. In our ecosystem, everyone has quick, easy, low-cost, and hassle-free access to powerful AI applications.
The idea behind our unique concept is now a completely open protocol. We are bringing people together and becoming the primary way people build and connect AI application services.
Here’s an interesting feature: Openfabric AI enables you to benefit from the data economy by providing you with AI tools to understand your audience in a far better way than was possible before.
Finally, if you are still processing the benefits this partnership brings to our community, it’s understandable. Watch your inbox or both companies’ social handles for an upcoming Ask-Me-Anything Session. We plan to dive deeper into our partnership and what it means for web3, blockchain, and the AI community. Visit our social media accounts to learn more about the fascinating features we bring to the marketplace.
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