Binance Labs, the investment arm of Binance, announced its new investment in early-stage cryptocurrency market projects, supporting innovative ventures.
Introduction
Artificial intelligence has been a hot topic since November 2022. Many projects are trying to make a mark in this field, and one such project is Sahara AI, which aims to create a decentralized, blockchain-based AI platform.
Binance Labs Investments
Binance’s announcement states: "Sahara AI is the first decentralized AI blockchain platform designed to enable everyone, individuals, and businesses to participate in and benefit from AI developments. This ensures fair rewards for all participants, protection of data and model sovereignty, and secure creation, sharing, and trading of AI assets while maintaining privacy and promoting inclusivity."
Co-founder’s Opinion
Co-founder Yi He, who has become more prominent after CZ, commented on the latest investment: "Binance Labs is committed to empowering founders with the potential to develop innovative technology solutions in Web3 and create sustainable, lasting impacts. We look forward to supporting Sahara AI, which is pioneering a decentralized AI blockchain platform and reshaping the future of AI to be more transparent, secure, and accessible for everyone."
With the new investment in Sahara AI, Binance Labs continues its efforts to support innovation and advance cutting-edge technologies in the cryptocurrency and AI sectors.
Comments