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Initial Model Offering (IMO) is a mechanism for tokenizing an open-source AI model. Through its revenue sharing model, IMO fosters transparent and long-term contributions to any AI model.
The process works as follows:
IMO launches an ERC-20 token (more specifically, ERC-7641 Intrinsic RevShare Token) of any AI model to capture its long-term value.
Anyone who purchases the token becomes one of the owners of this AI model.
Token holders share revenue generated from onchain usage of the tokenized AI model.
Many open-sourced AI models face the challenge in monetizing their contributions, leading to a lack of motivation for contributors and organizations alike. As a result, the AI industry is currently led by closed-source, for-profit companies. The winning formula for open-source AI models is the need to gather more funding and build in public.
With IMO, we can win the fight for open-source AI. IMO can enable the sustainability of the open-source AI model’s ecosystem by fostering long-term benefits and encouraging engagement and funding to the open-source AI community. The win is when we have better open-source models than proprietary models.
IMO tokenizes the ownership of open-source AI models, sharing its profit to the token holders.
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June 27, 2024
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June 27, 2024