What is OpenLedger (OPEN)? A Guide to AI Blockchain & Datanets

Artificial intelligence (AI) is growing rapidly and continues to revolutionize different fields. However, its progress depends on the quality of data. Web3 AI Company OpenLedger has pioneered the AI trend with cutting-edge innovations that utilize blockchain to address the challenge of quality data.  But what is OpenLedger? This article delves into the subject to explain how OpenLedger enhances data quality and empowers developers.   

What is Openledger?

OpenLedger is a layer 1 data blockchain designed exclusively for artificial intelligence (AI) to help developers create specialized language models (SLMs). The project serves as an advanced AI data marketplace that collects and enriches data from users. Startups utilize the data for various applications, including virtual assistants, chatbots, trading tools, and copilots. Unlike the large language models (LLMs) that have transformed human interaction with technology, OpenLedger aims to address LLM restrictions. Since its launch in 2024, OpenLedger has partnered with top-tier investors, including Polychain Capital, HashKey Capital, and Balaji Srinivasan, among others.

How Does OpenLedger Work?

OpenLedger has three distinct layers, each playing a significant role in optimizing data development and specialized AI models and applications.

• Payable AI Models: This AI integration layer enables the conversion of specialized AI models into systems that can measure value and distribute rewards to contributors.
• Datanet Layer: This is the data management layer that offers high-quality resources to help train and optimize AI data models.
• Agent Layer: The agent layer deploys and runs AI agents using specialized models. It serves as the environment where agents operate, as well as the interface that connects users with the broader AI ecosystem.

OpenLedger utilizes decentralized AI to leverage Datanets for data gathering and refinement, ultimately training models with the refined data. The models are then deployed on decentralized networks to guarantee transparency and fair compensation to data contributors. The platform utilizes blockchain technology to ensure data traceability and integrity.

Key Features of OpenLedger

1. Payable AI Models

As one of OpenLedger’s key features, Payable AI Models enables users to monetize their data contribution and AI models. Contributors earn rewards for their participation in creating and refining AI models.

2. Proof of Attribution

OpenLedger’s Proof of Attribution (PoA) leverages blockchain technology to track and reward data providers and model developers transparently. The Payable AI Model is a key feature of PoA that enables contributors to earn automatically based on the influence of their data.

3. Datanets

Datanets play an integral role in the OpenLedger ecosystem. They collect and curate high-quality data from different sources. The data is required for training SLMs that are accurate and relevant to other industries.

4. Decentralized Trust Infrastructure

The decentralized trust infrastructure is what ensures data transparency while maintaining integrity throughout the platform. Using a decentralized AI model, OpenLedger eliminates the possibility of a single point of failure, thus reducing the chances of data manipulation.

5. Model Factory & Open LoRA 

Model Factory fine-tunes Large Language Models to enable users to optimize models using OpenLedger datasets in a GUI-only experience. Open LoRA is the platform’s AI model development framework. The system helps to optimize the process of deploying multiple AI models, thereby reducing cloud infrastructure costs.

6. Blockchain Integration

By integrating blockchain with AI, OpenLedger offers several benefits to users, including guaranteeing secure, transparent, and verifiable transactions. Blockchain integration gives the platform an additional layer of trust and accountability.

7. AI Transparency

OpenLedger AI enhances transparency through the blockchain’s immutable ledger, providing verifiable data provenance and decentralized control over data and models. The main features include specialized AI models that are transparent in their training data and development.                   

What is the OPEN token? 

OPEN coin is the native token of the OpenLedger AI blockchain platform. The token is designed to create a unified economic system that brings together model developers, data contributors, validators, and users. The OPEN token can be used for paying gas and transaction fees, as well as payment for model training and development, and to enable governance participation.   

OpenLedger (OPEN) Listed on Binance HODLer Airdrops

Cryptocurrency exchange Binance has announced listing OpenLedger (OPEN) as its 36th project on its HODLer Airdrops page. Airdrop distribution will commence on 2025-08-18 00:00 (UTC) to 2025-08-21 23:59 (UTC). Binance stated that trading will be open for OPEN/USDT, OPEN/USDC, OPEN/BNB, OPEN/FDUSD, and OPEN/TRY.

How to Get Started with OpenLedger                                                           

1. Access the OpenLedger: Visit the OpenLedger website or download the app using your Android device. Use your Google account to sign up so you can run nodes and earn rewards.

2. Create & Contribute to Datanets: Once you have an account, you’re allowed to contribute datasets that can be used to train AI models. Once your contribution is verified and recorded, you become eligible to earn a reward.

3. Develop and Train Models: Using the available tools on the platform, you can use your data or data sources from Datanets to train and fine-tune AI models. The platform utilizes blockchain technology to track all data, ensuring you’re acknowledged and compensated appropriately.

4. Run Inference and Manage Attribution: The platform uses attribution to distribute rewards fairly to all individual contributors for their participation. The process is guaranteed to be transparent using AI to link each inference back to its origin, thereby monetizing each contribution.

5. Participate in Governance: Using the platform’s onchain system that uses OpenZeppelin, you can vote on the platform’s upgrades and improvements as an OPEN token holder.

What Are the Benefits of Using OpenLedger?                                              

• Provides high-quality verifiable data for building accurate and reliable AI models
• Uses a decentralized data approach to promote diversity and less biased data models
• Users control and monetize their data when they contribute to the platform’s data marketplace.

What Are the Risks of Using OpenLedger?   

• The platform is still new and needs more widespread adoption to reach its full potential.
• Users have privacy concerns since most AI developments are still work-in-progress.
• The integration of blockchain and AI could pose a challenge for users who are not tech-savvy.

OpenLedger Earning Mechanisms

The OpenLedger ecosystem offers a dynamic reward system designed to incentivize contributors.     

1. Network Earnings

Users can earn points when they run nodes and actively contribute to the platform’s infrastructure.

2. Referral Earnings

You can also earn OPEN tokens when you successfully invite new participants as node operators. You’re eligible to earn up to 10% of your referrals’ daily heartbeat points.

3. Bonus Earnings

There’s an additional earning opportunity where users earn rewards during specific events or after achieving some milestones. Participants are allowed to run up to 1o nodes to ensure maximum participation within limits.   

4. Tier System and Progression 

The tier system is a fun system where you earn based on your progression and engagement with the platform. Each of the eight different tiers has a specific set of milestones where you get more rewards as you progress upwards.

Conclusion  

OpenLedger aims to create a sovereign data blockchain dedicated to high-quality data for AI integration. The plan is to create a platform where any eligible person can contribute high-quality data and receive a reward. By merging blockchain technology and the power of SLMs, the project is paving the way for an emerging era of AI. Once the project addresses technical challenges and adoption issues, we could be on the verge of a new era of transparent data for AI advancement.   

FAQs                                                   

What does OpenLedger do?

OpenLedger is an AI-focused blockchain that aims to unlock liquidity and monetize data, models, and AI agents.        

Is the OpenLedger extension safe to use?       

OpenLedger can be considered the ‘AI version of Ethereum + GitHub.’ This makes it an AI open-source, trustworthy, traceable, and accessible platform that is safe for all.

How does OpenLedger make AI models payable?

OpenLedger uses the components of blockchain technology to build an equitable and transparent AI ecosystem. Using its Proof of Attribution mechanism, the platform accurately records all contributions from developers, data contributors, and model developers. This ensures that everyone is compensated fairly using the platform’s  “Payable AI” model.                                                          

Is OpenLedger secure?

OpenLedger leverages the strengths of blockchain technology to create a secure and reliable data infrastructure. Due to blockchain’s immutability, all data stored within the platform cannot be tampered with or altered, guaranteeing integrity and authenticity.