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0G Foundation Unveils $88.8M Ecosystem Fund for Decentralized AI Applications
The fund is backed by a number of big-name investors in the blockchain venture capital sector including Hack VC, Delphi Ventures and OKX Ventures.
What to know:
- The governance foundation for decentralized artificial intelligence ecosystem 0G unveiled an $88 million fund for the creation of AI applications.
- The 0G Foundation said it is seeking submissions from team developing DeFi, onchain data marketplaces for secure data sharing, AI-driven gaming and social 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.
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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.
Jamie Crawley
Jamie has been part of CoinDesk's news team since February 2021, focusing on breaking news, Bitcoin tech and protocols and crypto VC. He holds BTC, ETH and DOGE.
