0G Labs, a developer a modular AI blockchain technology to enhance on-chain AI applications, raised $35m in pre-seed funding.
The round was led by Hack VC, with participation from Alliance, Animoca Brands, Delphi Digital, Stanford Builders Fund, Symbolic Capital, and OKX Ventures.
The company intends to use the funds to expand operations and its development efforts.
Led by Michael Heinrich, CEO, 0G Labs is a modular blockchain project building a data availability system. The ZeroGravity Data Availability (0G DA) system is a scalable Data Availability (DA) service layer which is directly built on top of a decentralized storage system and addresses the scalability issue by minimizing the data transfer volume required for broadcast. Its general decentralized storage design further enables it to support a variety of availability data types from diversified scenarios not limited to Layer 2 networks but also inclusion of decentralized AI infrastructures.
FinSMEs
27/03/2024