Sui Drops 2.5% Amid Market Volatility, OpenGradient Integrates with Walrus for Decentralized AI

Sui's latest price was $2.73, down 2.497% in the last 24 hours. This price change reflects the ongoing volatility in the cryptocurrency market, where fluctuations are common due to various factors such as market sentiment, regulatory developments, and technological advancements.

On Wednesday, June 25, OpenGradient, an AI research lab, announced its integration with the Walrus data storage protocol to bring decentralized AI to the Sui Network. This integration aims to address the centralization concerns prevalent in AI systems by leveraging blockchain technology. OpenGradient will utilize Walrus’ decentralized storage network to build and run decentralized AI agents, enabling it to host over 100 AI models across various ecosystems.

The primary goal of this platform is to make decentralized AI a reality, giving users control over their own AI models. Matthew Wang, Co-founder and CEO at OpenGradient, emphasized the advantages of this approach, stating that the models would be private, cheaper to run, and more transparent. Wang highlighted the mission of OpenGradient to empower both seasoned AI developers and everyday consumers to create, modify, and own their own AI models, thereby democratizing AI technology.

AI models require access to large amounts of data, which is why decentralized storage has become increasingly attractive. Rebecca Simmonds, Managing Executive at Walrus Foundation, explained the importance of decentralized storage for AI developers. She noted that centralized architecture poses risks to privacy and control, making it nearly impossible to build truly decentralized models. The integration with OpenGradient allows Walrus to provide a decentralized storage solution that puts users back in control of their data.

Thanks to open storage protocols, users will be able to see exactly what training data goes into an AI model. OpenGradient stated that users and developers can now tap into Walrus data storage to build and train their own models, further enhancing the transparency and control over AI development. This collaboration between OpenGradient and Walrus represents a significant step towards achieving decentralized AI, offering a more private, cost-effective, and transparent solution for AI model development and deployment.