Leaders in Web3 modular infrastructure company 0G announced the successful completion of a funding round that garnered over $35 million from prominent Web3 pioneers. Investors such as Hack VC, No Limit Holdings, Arca, NGC, Paramita, Foresight, Crypto Banter, Joe Takayama, Santiago Santos, Alliance, Orange, Symbolic Capital, Delphi Digital, Dao5, Gumi, Dispersion Capital, OKX Ventures, and GSR supported the initiative. By striving to establish a decentralized cap table, 0G was able to forge partnerships with key players in the industry.
0G is dedicated to addressing the challenges associated with deploying on-chain AI applications in the Web3 ecosystem, as well as enhancing infrastructure scalability through modularity. The issue of data availability (DA) poses a significant hurdle that stems from the necessity for off-chain verification of executed states. This predicament underscores the wider challenge of balancing security and scalability in blockchain systems. As on-chain applications that rely heavily on data, such as decentralized AI applications, high-frequency DeFi, on-chain gaming, and data-intensive Layer 2 networks, continue to proliferate, this trade-off will become more pronounced.
Through the combination of a general-purpose storage layer and a data publishing lane with a data availability layer, 0G, also known as ZeroGravity, has effectively eliminated the security-scalability trade-off. Unifying these critical data availability functions allows 0G to significantly boost scalability and handle large data volumes. This results in the creation of a Data Availability System that can provide greater assurance to users that specific data is accessible to all who seek it.
0G's emphasis on transparency and immutability allows for the advancement of on-chain AI, crucial for establishing trustworthy AI. This progress is achieved without compromising security or throughput. With an impressive throughput of 50 gigabytes per second, compared to 1.5 megabytes per second offered by competitors, 0G stands out as a solution that is 100 times more cost-effective and 50,000 times faster.
Ed Roman, Managing Partner at Hack VC, expressed enthusiasm for 0G's position as the leading modular data availability solution for Web3, particularly in the realm of crypto-powered AI. The technology has showcased speeds exceeding 1000 times faster and cheaper than ETH L1, marking a remarkable achievement. Hack VC looks forward to supporting 0G's journey and witnessing the growth of its ecosystem as it progresses towards main-net.
A key factor in 0G's success is its exceptional team members, boasting diverse backgrounds in Web3, technology, finance, and other sectors. With experience at renowned organizations like IDEO, Microsoft, Bain, Bridgewater Associates, Harvard Business School, and Stanford, the leadership team has successfully founded numerous unicorn businesses that collectively raised over $200 million and employed over a thousand individuals. The team has been recognized for their achievements through various awards, including accolades for top computer science papers and Olympic gold medals in informatics. Leveraging their extensive expertise, the team has tackled previously insurmountable challenges, laying a solid foundation for the next phase of Web3 development focused on high dataflow and on-chain applications.
