Project Overview
1.Official Project Introduction
OORT is a decentralized data cloud platform designed to maximize privacy and cost savings by integrating global compute and storage resources. It provides a suite of enterprise-grade decentralized cloud-based solutions for generative AI and data-driven businesses.
2.Market Heat
OORT network registered more than 50,000 unique wallet addresses representing a large volume of users and miners.
3.Team
The core team members in New York come from world-recognized organizations, such as Columbia University, Qualcomm, AT&T, JP Morgan, and more.
Managing Partner at Aves LairAdvisor to several blockchain startups
Researcher at Qualcomm Research
Co-founder of Nakamoto & Turing Labs
Co-founder of Nakamoto & Turing Labs, Former CTO/consultant for many blockchain projects;
DeFi product and consensus algorithm design;
Holder of 10+ Patents
The core team members in New York come from world-recognized organizations, such as Columbia University, Qualcomm, AT&T, JP Morgan, and more.
strategic advisory co-founder of Aves Lair and previously president of Lair East
Over a decade of extensive experience in corporate finance public listing
Operations and business development executive for crypto startups
Institutional trader for JP Morgan and Fidelity Capital Markets
4.Industry Sector Analysis
The global cloud storage market size shows a steady growth trend (near 28% CAGR in the past five years), mainly driven by the exponential growth of data brought by the development of mobile internet, which leads to increased demand for storage space from individuals, enterprises, and governments. It is expected that in the future Web 3.0 era and with various policies introduced globally to accelerate enterprise cloud adoption, the global cloud storage market size will still be expected to maintain a 25% annual compound growth rate. The global hybrid cloud market size was valued at $36,138 million in 2017 and is projected to reach $171,926 million by 2025, growing at a CAGR of 21.7% from 2018 to 2025.
• Global Centralized Cloud Storage Market
In 2020, the volume of global centralized cloud storage reached 2.376.0 exabytes, accounting for 99.9% of the total global cloud computing storage volume, with a CAGR of 25.1% in the past five years. It is expected that with the development of 5G and the increase in traditional enterprise cloud adoption rate, the volume of global centralized cloud storage will maintain a 28% annual compound growth rate, reaching 8.061.3 exabytes by 2025.
• Global Decentralized Cloud Storage Market
The volume of decentralized cloud storage is still relatively small, mainly because decentralized cloud computing technology is still in the infrastructure construction stage. With the development of new technologies and increased recognition, it is expected that the volume of decentralized cloud storage will achieve high-speed growth of 109.3%. By 2025, the global decentralized cloud storage volume will reach 320.5 Exabytes, accounting for 3.8% of the total global cloud storage volume.
5.Comparable Project Comparison
OORT offerings have some overlap with both web2 and web3 cloud infrastructure companies. Web2 companies include AWS, Google Cloud, Azure, and more. Web3 companies include filecoin, Dfinity, and more. OORT is positioned to be a data-centric intelligent data cloud. OORT services stay very focused on cost savings and privacy. OORT provides enterprise-grade decentralized cloud-based solutions for generative AI and data-driven businesses. Below is a table to show the competitive landscape.
OORT achieves up to 60% in cost-savings by:
√ Leveraging massive under-utilized computing and storage resources around the globe
√ Breaking tasks into sub-tasks, allocating them to separate servers for execution, maximizing each server's cost efficiency
In summary, OORT was created by a core team from top organizations and has an ambitious vision for decentralized cloud storage and AI-powered data services. The company has a strong academic background and patent support. OORT is a leader in decentralized data services but still faces competition from companies like Filecoin and Storj.
Technology and Intellectual Property
1.Products
OORT TDS is a generative AI agent builder platform, allowing businesses to seamlessly incorporate factually accurate, versatile, and secure AI into their operations in mere minutes, not months. No coding or AI specialists needs.
In summary, although OORT has advantages in reliability, security and cost-effectiveness, experience integration and differentiated positioning need strengthening to stand out from the competition.
2.Roadmap
The development of OORT remains well-aligned with its established schedule, as evidenced by the consistent growth in network usage and the increasing number of participants. This decentralized network has consistently exhibited robust functionality and a notable capacity to support its operations.
Financial Analysis
1.Tokenomics
Utilities
- Service Payment — Users can always pay fiat currency (via credit card) for different services in the OORT ecosystem. However, a discount is usually given to the users who use OORT utility tokens for service payments.
- Staking — OORT offers two ways for token holders to stake tokens: Stake tokens with staking pools. One can delegate tokens to node providers via OORT bonding pools. Node providers will use staked tokens as mining collateral. As a result, you will receive a share of mining rewards from the provider. Become a node provider. Stake tokens as mining collateral.
- Governance — Governance is one of the primary functions of the OORT ecosystem. Users submit proposals and vote on topics like network parameters, slashing mechanisms, and service fees. A proposal must be submitted with a certain amount of deposit, which is fully refundable once the proposal passes. If the proposal fails to pass, deposits will be distributed to the mining rewards pool for node providers.
- Token Deflation — The OORT Foundation will use up to 30% profit to regularly buy back and burn its utility tokens to reduce the total token supply and thus gradually and continuously increase token value. - Token burning frequency: every three months - Token burning cap: 40% of the total token supply.
Edge Node Business Model
By running Oort's edge node and providing storage, compute capacity or bandwidth, one can help these applications to scale easily while earning mining rewards.
- Rewards — Edge devices will receive two types of rewards in Oort Decentralized Edge Network (Oort DEN): mining rewards and utility rewards. 25% of the mining rewards will be released immediately every hour, and the remaining 75% will be released linearly in 270 days.
- Collateral — Miners may choose to deposit collateral or not. If the miners deposit collateral then they can receive 100% of the mining reward, 85% more than when they didn't deposit anything.
- Penalty — Each Deimos has a required serving period of 360 days and is expected to be full-time online and ready to take storage and computing tasks when needed. When a Deimos is not functioning normally, penalties will occur.
2.Projected Revenue
Service Fees from Paying Customers
- Customers pay for usage of OORT cloud services like OORT TDS
- Typical SaaS subscription models or pay-as-you-go options
- All credit cards are accepted. Discounts are provided when paying with OORT tokens to incentivize adoption
Licensing Fee from Compute and Storage Providers
- Providers pay a $60 annual licensing fee to join the OORT network
- Daily OORT token incentives are paid to providers for meeting connection reliability and stability criteria
- Revenue share (tentatively 50%:50% ) with provider paid in OORT token for executing a task
Marketing and Sales
1.Network Status
OORT is currently one of the largest globally decentralized infrastructures, with more than 29k service providers across 108 countries.
- 43 Super Nodes provide public and private cloud service
- 4,638 Edge Nodes operated from small devices with storage and compute capabilities from home or office
- 24,634 Backup Nodes from other decentralized storage protocols like Filecoin, Storj, Crust, and Arweave that have been integrated into OORT
2.Partnership
40+, including traditional giants, innovative Web3 projects, data centers, 15+ US universities, etc.
In summary, OORT has excellent technical capabilities and over 40 partners, including traditional enterprises and Web3 projects. But deployment and user acquisition still face challenges. Partnership relations need continued expansion.
Conclusion
In conclusion, Oort proposes an ambitious vision to disrupt the cloud market through its decentralized architecture and AI capabilities. Prudent execution is critical as Oort faces technology challenges around scalability and adoption that are common to decentralized networks. The successful adoption of OORT TDS by world reputable enterprises such as Lenovo shows that OORT has the capability to handle these challenges. Attention to dynamic crypto-related legal compliance and thoughtful token economy design are needed to address regulatory uncertainty and incentivize diverse participation. Overall, Oort is a solid and promising project with challenges down the road. Extensive testing, sharp positioning, strategic partnerships, and incentives for early adopters can help Oort gain momentum.
About Coresky
Coresky is an Asset-packaged NFT launchpad and trading platform. The Coresky Launchpad converts primary market currency rights into Asset-packaged NFTs. Coresky leverages Launchpad's economic utility to drive user transactions while also addressing both primary and secondary market liquidity for crypto rights and the NFT trading market.
Learn More About Coresky:
Website:https://www.coresky.com/
Twitter:https://twitter.com/Coreskyofficial
TG Official:https://t.me/Coreskyofficial
TG Channel:https://t.me/CoreskyLaunchpadChannel
Discord:https://discord.gg/coresky
All Comments