Please enter CoinGecko Free Api Key to get this plugin works.
Please enter CoinGecko Free Api Key to get this plugin works.
HomeCrypto News0G Foundation Unveils $88.8M Ecosystem Fund for Decentralized AI Applications

0G Foundation Unveils $88.8M Ecosystem Fund for Decentralized AI Applications

-

The governance foundation for decentralized artificial intelligence (AI) ecosystem 0G has unveiled an $88 million fund for the creation of AI applications.

The 0G Foundation is seeking submissions from teams developing decentralized finance (DeFi), on-chain data marketplaces for secure data sharing, AI-driven gaming and social applications, according to an emailed announcement Wednesday.

The fund is backed by a number of big-name investors in the blockchain venture capital sector, such as Hack VC, Delphi Ventures and OKX Ventures.

This trio of firms also contributed to the $40 million seed funding round into Zero Gravity Labs, a core 0G contributor, in November.

The widespread increase of AI in many areas of the economy has spurred a movement in the blockchain industry to introduce decentralization into the way data is gathered and used in order to prevent AI being dominated by just a few powerful brokers.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

LATEST POSTS

Deep Dive on the Trump Reserve Token Whose Blockchain Ignores TVL

Trading volumes for Cardano's ADA token have exploded of late with daily figures averaging around $720 million in February while exceeding an average of $1.4...

Launching A Billion Dollar Mobile App

Launching and growing your mobile app requires more than just a good idea. You also need help from professional mobile development services that can build...

XRP Price Prediction: Analyst Foresees Cycle Top as Timeline for XRP Price Surge Approaches

The XRP market has been buzzing with new price predictions as analysts forecast a significant price surge in the coming months. While XRP has struggled to...

VIVI Token Revolutionizing Fashion & Heritage Preservation with Blockchain and AI

In the wave of the digital asset revolution, VIVI token, as the core of the LEGENDARY HUMANITY project, is reshaping the RWA (Real World Asset)...

Most Popular