IMO
Introduction
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:
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IMO launches an ERC-20 token (more specifically, ERC-7641 Intrinsic RevShare Token) of any AI model to capture its long-term value.
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Anyone who purchases the token becomes one of the owners of this AI model.
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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.