New grantee Algovera joins Shipyard
Algovera is kickstarting the AI creator economy with grants and tools for decentralized AI development.
Ocean Shipyard, the $2M grants program funding early stage startups looking to build open source technology for the Web3 data economy, is introducing a new grantee: Algovera.
Algovera is lowering the barriers to entry for AI projects at all stages of development by developing Metahub, an open AI marketplace on top of Ocean Protocol for data scientists to monetize their models without losing ownership of what they create. Metahub aims to create a space for a wide range of AI opportunities, from connecting companies with freelance data scientists — enabling groups to kickstart their ML-driven startup — or showcasing applications built on top of large scale models such as Stable Diffusion. The goal is to have a suite of tools and a supportive community that would allow data scientists to streamline the development of their AI projects. Over time, Algovera aims to develop an AI commons consisting of community-governed models and infrastructure that will have a positive impact on society.
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Richard Blythman, CEO of Algovera, said:
“Algovera is empowering AI creators by providing easy-to-use tools for interacting with the Ocean stack and making it easy to deploy their AI models on decentralized infrastructure. Soon, the Ocean data economy will become the base layer for the AI creator economy, driving innovation and creativity with state-of-the-art AI models like Stable Diffusion in Web3.”
In addition to models sovereignty and monetisation functionalities available within Metahub, the marketplace will also enable anyone to easily run compute-to-data with third-party compute providers and MLOps frameworks such as Azure, Airflow, and Kubeflow.
Thanks to a monthly $10,000 OCEAN grant by Ocean Shipyard, Algovera will have the initial resources to bring the value of decentralized AI marketplaces and compute infrastructure to the broader ML community. Through the development of custom Web3 components for Streamlit, an app framework for creating demos out of machine learning models, Algovera will allow anyone to embed Web3 components such as a wallet connect button in Streamlit apps, effectively making any website a dApp. In addition, Algovera will build a reusable app for running compute jobs on the Ocean Marketplace, extending the interoperability of Ocean with ML communities such as HuggingFace, which host Streamlit apps on their Spaces platform.
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If you are a passionate individual or team looking to build something valuable on Ocean Protocol, this is your best chance to kickstart your dream project and be a pioneer of the new data economy. Applications for the next wave of Shipyard contenders are open. Start filling out your application today, visit https://oceanprotocol.com/shipyard
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