Oort (OORT) was launched on HotsCoin on January 15. Oort is a Web3 data infrastructure that provides decentralized data solutions and is committed to building applications with the best security and cost efficiency for developers. Oort DEN is a network that allows individuals to participate in distributed storage and computing. By connecting edge node devices to the Oort network, users can contribute to the network and receive rewards. OORT is currently open for trading on HotsCoin.
key events
May 12, 2022
Oort successfully completes US$6.2 million in strategic financing
Oort announced the completion of a new round of financing, with a total financing amount of nearly US$10 million. Investors include Taisu Ventures, Red Beard Ventures, Hike Ventures, Optic Capital, and technology giants Microsoft and Google. This financing will support Oort’s token listing plan and product development in the first quarter of 2024 to provide enterprise-level, high-performance, and reliable technical solutions and reshape the decentralized infrastructure landscape.
Oort’s decentralized infrastructure
OORT focuses on a high-privacy, low-cost decentralized cloud service platform that integrates global computing and storage resources through blockchain technology to provide customers with one-stop AI solutions. As of December 2023, OORT has more than 29,000 network nodes distributed in 107 countries/regions, including public and private cloud servers, Oort edge nodes and backup storage nodes.
Team background
OORT's core team is located in New York, with members from well-known institutions such as Columbia University, Qualcomm, AT&T, and JPMorgan Chase, and holds a number of U.S. patents. Previously, OORT was also backed by investors including Aves Lair, Trinity Venture Capital, LinkVC, Sanctor Capital, Waterdrip Capital and Redline Capital.
Cooperation and business relationships
OORT has partnered with enterprise giants such as Tencent Cloud, Dell Technologies, and Lenovo Graphics to provide them with decentralized cloud infrastructure, marking its mainstream adoption in the industry.
Vision and future prospects
OORT’s core vision is to promote data democratization, similar to Bitcoin’s transformative role in the financial sector. In the future, OORT will be committed to promoting the cloud computing and cloud storage revolution and changing the way Internet users access, process and manage data.
Web3 technology development and the role of Oort
As Web3 technology continues to develop, Oort will continue to play an important role in promoting the development and application of this field. Through its decentralized storage service Oort DSS and its upcoming new product Oort AI, Oort is committed to giving individuals, enterprises and developers more control over their data and redefining the way data is stored and interacted with. At the same time, Oort works closely with partners and sponsors to jointly promote the prosperity and development of the Web3 ecosystem. By leading industry discussions and driving global awareness of the potential of Web3, Oort will continue to play an important role at the forefront of this revolution, leading Web3 technology to realize its future possibilities.
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