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OpenLedger is a blockchain platform built for AI development, allowing users to share data, build models, and earn rewards for their contributions. Unlike traditional systems, where big companies control data and credit, OpenLedger uses blockchain to ensure transparency and fair attribution. It is powered by its native token, OPEN, which has several utilities within the OpenLedger ecosystem.
OpenLedger (OPEN) was co-founded by Pryce Adade‑Yebesi, Ashtyn Bell, and Ram Kumar in 2024.
• OPEN token: The OPEN token powers gas fees, staking, governance decisions, model registration and inference, and rewards in the OpenLedger ecosystem.
• Proof of Attribution: With the Proof of Attribution mechanism, every dataset, model training step, and AI output is tracked on-chain. Contributors receive rewards based on how much their data actually influenced a model’s output.
• No‑code AI tools: Users can train, fine‑tune, and deploy AI models through simple dashboards, even on constrained hardware, without needing deep technical expertise.
• EVM‑compatible: Built on the OP Stack with EigenDA, OpenLedger leverages Ethereum’s security and tooling while optimizing for low‑transaction costs and AI centric workloads.
OPEN is a promising crypto project, especially for those interested in the intersection of blockchain and AI. By focusing on transparency, fair attribution, and community-driven AI development, OpenLedger aims to disrupt the ownership and monetization of AI models and data. Its unique Proof of Attribution mechanism rewards contributors not just once, but continuously as their data or models are used. With tools like Datanets and ModelFactory making it easier to participate without deep technical knowledge, and a robust, EVM-compatible Layer 2 built on the OP Stack, the project has strong technical foundations. While still in its early stages, OpenLedger’s clear vision and innovative approach give it long-term potential.
You can buy OPEN from crypto platforms like CoinSwitch.
• OPEN can be bought and traded on crypto platforms like CoinSwitch.
• OPEN can be used as gas fees for actions on the OpenLedger blockchain, like training AI models, making inferences, or interacting with smart contracts.
• Token holders can also take part in governance and influence the network’s development.
• OpenLedger is built on blockchain infrastructure and supports data provenance, immutable logs, and decentralized trust mechanisms, reducing centralization risks.
• OpenLedger offers transparent incentives, and contributors of data or models are rewarded based on their input.
• OpenLedger has raised over $8 million in its seed round, with major VCs and industry players like Polychain Capital, Borderless Capital, and HashKey.
• OPEN is subject to market volatility like all cryptos.
• As a relatively new project, OpenLedger still needs broader adoption and proven use in the field.
• The concept of contributing datasets, tracking attribution, or deploying models may be challenging for some users.
• Start investing in OPEN with just ₹100.
• CoinSwitch provides a seamless and intuitive trading experience for users.
• Easily manage your transactions and portfolio on the app.
OpenLedger raised $8 million in its seed round on July 2, 2024, with investors including Polychain Capital, HashKey Capital, Sandeep Nailwal, and Borderless Capital. The token’s fully diluted valuation (FDV) was estimated at around $962.6 million. The fundraising efforts provided OpenLedger with a solid capital base to build its infrastructure and expand its ecosystem.
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1. What is OpenLedger (OPEN)?
OpenLedger is a blockchain platform designed for AI development. It allows users to contribute data, build AI models, and earn rewards based on how much their contributions impact the models. It ensures transparency and fair attribution using on-chain tracking.
2. What can the OPEN token be used for?
The OPEN token is used to pay gas fees, register and run AI models, participate in governance, and earn rewards through the Proof of Attribution system.
3. Is OPEN a promising crypto?
Yes, OPEN shows strong promise, especially in the AI + Web3 space. Its transparent reward system, developer-friendly no-code tools, and Ethereum-compatible infrastructure give it long-term potential, though it’s still an early-stage project.
4. How can I buy and use OPEN in India?
You can buy OPEN on platforms like CoinSwitch, starting from ₹100. Once purchased, it can be used for blockchain transactions, AI tool access, or staking to participate in governance.
Highlight
OpenLedger is a blockchain built for AI applications, allowing users to create, share, and use datasets to train custom AI models.
OPEN Price Today
OPEN Price
₹9
Price Change 24h
0%
Price Change 7d
2.25%
Market Rank
#510
Market Cap
₹309 Cr.
Trade Vol 24h
₹67 Cr
Circulating Supply
₹34 Cr. OPEN
Trading Activity
20% Buy80% Sell
Disclaimer : Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. The information provided in this post is not to be considered as investment/financial advice from CoinSwitch. Any action taken upon the information shall be at user's own risk.
