0G Labs Secures $35M Pre-Seed Funding for On-Chain AI from 40+ Crypto Investors
0G Labs, a company specializing in web3 modular infrastructure, has successfully completed a pre-seed funding round of $35 million. The funding round saw the participation of over 40 crypto-native institutions, including Hack VC and Stanford Builders Fund. The capital raised will be utilized by 0G Labs to develop a comprehensive blockchain-based solution for training, deploying, and running artificial intelligence (AI) models. Notably, the platform boasts faster speeds compared to existing solutions like Ethereum’s smart contract network.
Ed Roman, Managing Partner at Hack VC, praised 0G Labs for its pioneering work in on-chain generative AI infrastructure. He highlighted the superior data availability technology of 0G Labs, which has achieved speeds over 1000 times faster and cheaper than Ethereum’s Layer 1 network. This significant pre-seed funding is remarkable as it represents one of the largest initial startup funds for a company operating at the intersection of web3 and AI. To put it into perspective, OpenAI, the company behind ChatGPT and Dall-E, raised $120,000 in its pre-seed round in 2016 and is presently valued at approximately $80 billion.
One of the projects in development by 0G Labs is “Uni-Chain,” as stated on their website. Uni-Chain is designed as an architecture for web3, seamlessly connecting various networks into a unified metaverse. This metaverse will enable users to interact and transact across different chains, all accessible through a single wallet. The aim is to create frictionless interoperability between chains, ensuring security, eliminating fragmentation, and maximizing connectivity for a weightless and open meta-universe.
0G Labs has achieved significant funding to drive its mission of providing a comprehensive blockchain-based solution for AI training, deployment, and operation. Their innovative approach, with faster speeds and a focus on interoperability, positions them as a leading player in the web3 and AI space. The success of this funding round indicates strong support and partnership from the crypto-native community and investors, highlighting the potential for growth and success in the future.
7 thoughts on “0G Labs Secures $35M Pre-Seed Funding for On-Chain AI from 40+ Crypto Investors”
Leave a Reply
You must be logged in to post a comment.
I’m not interested in a weightless and open meta-universe. Sounds like a lot of empty promises and buzzwords.
This is incredible news! Congrats to 0G Labs on securing such a significant pre-seed funding round. It’s exciting to see companies like them pushing the boundaries of web3 and AI. Their focus on faster speeds and interoperability is definitely a step in the right direction. Looking forward to seeing their developments in the metaverse!
It’s incredible to see the progress being made in web3 and AI. 0G Labs is paving the way for a more interconnected and efficient future. 🌐💡
Another blockchain solution for AI? Sounds like a buzzword jackpot. I’m not convinced that there’s a real need for it in the market.
Impressive work, 0G Labs! Your commitment to faster speeds and interoperability is exactly what the industry needs to thrive. Keep up the great work!
This is such an inspiring story of innovation and progress. 0G Labs has the potential to unlock a whole new era of AI and blockchain integration. Exciting times ahead!
I’m not convinced that 0G Labs’ claim of achieving speeds over 1000 times faster than Ethereum’s Layer 1 network is accurate. Sounds too good to be true.