0G Labs, a company at the forefront of Web3 modular infrastructure, has announced a whopping $35 million pre-seed funding as of March 25.
The investment, contributed by over 40 crypto-centric companies, including notable names such as Polygon and Hack VC, signals the industry's recognition of 0G Labs' potential to redefine the landscape of crypto-powered AI networks.
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The funding is dedicated to developing 0G Labs' ambitious project: a comprehensive blockchain solution for training, deploying and utilizing AI models.
This initiative promises a revolution in the speed and efficiency of on-chain AI operations, potentially surpassing existing technologies like Ethereum's smart contract network in performance.
Ed Roman, Managing Partner at Hack VC, remarked:
Their data availability technology has shown to achieve speeds more than a thousand times faster and cheaper than ETH L1, which is simply phenomenal. We’re proud to be their partners in this journey, and can’t wait to see their ecosystem thrive as the team pushes forward towards main-net.
The essence of this vision lies in the company's pioneering approach to creating a seamless and interoperable Web3 environment through its product, "Uni-Chain." This innovative architecture aims to integrate various networks into a unified metaverse, facilitating transactions across chains with ease and security.
The overwhelming support for 0G Labs from the crypto investment community heralds a new era of innovation and collaboration in the fields of blockchain and AI. With its vision of creating a full-stack, blockchain-based AI solution, 0G Labs not only sets a new standard for speed and efficiency but also paves the way for a more interconnected and accessible digital universe.
Another moment that underscored investors' interest in such initiatives was when an AI-driven project on the Solana blockchain attracted over $33 million in Solana tokens during a presale period lasting less than an hour.
