0G Labs Secures $40M Investment for Decentralized AI

user avatar

by Giorgi Kostiuk

2 years ago

0G Labs has announced the successful raising of $40M to further its efforts in decentralized AI development, marking a significant milestone in its mission.

Funding and Investors

0G Labs has secured $40 million in investments, adding to the previously raised $35 million. The round attracted participants like Hack VC, Delphi Digital, OKX Ventures, Samsung Next, among others. Additionally, the 0G Foundation, managing the 0G Protocol, secured a $250 million liquid line and token purchase commitment, bringing the total committed capital to $325 million.

The Role of Decentralization in AI Development

Michael Heinrich, co-founder and CEO of 0G Labs, emphasized the need for decentralization in AI development, citing concerns about transparency and control in the largely centralized AI industry.

AI is transforming every facet of our lives, but its development has been largely centralized, raising concerns about transparency and control... with dAIOS, we’re building an open and decentralized AI Operating System that ensures security, transparency, and accessibility. This funding will allow us to accelerate our mission.Michael Heinrich

Innovations with dAIOS

dAIOS, as a decentralized AI operating system, aims to bridge web3 and artificial intelligence, offering optimized solutions for on-chain data processing with high throughput. The system will handle up to 50 GB of data per second, providing a secure data-processing environment that operates transparently and safely without relying on off-chain operations.

With significant investment secured, 0G Labs strengthens its efforts to advance decentralized AI solutions, combining technological innovation with support from leading investors.

Tier I

Sector: #18291

Sealed Cache Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, caches will be stored in your inventory and can be opened with Keys.

Other news

Solana Ecosystem Tokens Outperform Broader Altcoin Market

chest

Recent performance benchmarks indicate that Solana ecosystem tokens are outpacing the broader altcoin market, highlighting the active internal rotation within the network.

user avatarSon Min-ho

Arbitrum Achieves $814 Million in Daily DEX Volume

chest

Arbitrum has recorded an impressive $814 million in daily decentralized exchange volume, showcasing strong activity on the Ethereum Layer2 network.

user avatarAyman Ben Youssef

Securitize Enhances Tokenization Framework for Public Equities

chest

Securitize has enhanced its framework for tokenizing public equities, contributing to the integration of traditional assets into blockchain infrastructure.

user avatarTando Nkube

Significant Surge in Dogecoin Network Activity

chest

Significant surge in Dogecoin network activity with a 35% rise in active addresses and daily transactions exceeding 12 million.

user avatarKofi Adjeman

XRP Ledger Reaches 3 Billion Transactions Milestone

chest

The XRP Ledger has achieved a remarkable milestone by crossing 3 billion cumulative transactions.

user avatarNguyen Van Long

Cardano's Blockchain Verification Infrastructure Deployed by Major Retail Group

chest

A major retail group has successfully deployed blockchain verification infrastructure built around Cardano's ecosystem, enhancing the verification of authenticity, origin, and sustainability claims within supply chains.

user avatarSatoshi Nakamura

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.