Allora Labs' Prior Venture: Upshot
Allora Labs, which focuses on decentralized artificial intelligence, was formerly known as Upshot
12. Upshot was founded in 2019 and was based in Grand Cayman, Cayman Islands
2.
The primary focus of Upshot was on
NFT appraisals 3.
Key aspects of Upshot's operations included:
- Crowdsourced Appraisals Upshot was a protocol designed to provide an efficient price-discovery mechanism for Non-Fungible Tokens (NFTs) 4. It used "appraisal games" to incentivize people, referred to as "experts," to provide honest insights and appraisals for NFTs 4.
- Funding While operating as Upshot, the company raised $32 million in funding 3.
- Ecosystem Integration Upshot brought its crowdsourced NFT appraisal services to the Polygon ecosystem 4.
Transition to Allora Labs
The company rebranded from Upshot to Allora Labs to shift its focus to building a decentralized AI network
15.
- New Focus Allora Labs is developing the Allora Network, a decentralized, self-improving machine intelligence platform 1. This network aims to solve the problem of "siloed machine intelligence" by creating an environment where AI models can collaborate and optimize shared goals 35.
- Continued Involvement Upshot, as a core contributor, deployed its price prediction models on the new Allora Network 67.