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The Cryptonomics™ > Blockchain > GaiaNet Secures $10 Million in Funding for Decentralized AI Protocol
Blockchain

GaiaNet Secures $10 Million in Funding for Decentralized AI Protocol

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Last updated: May 29, 2024 1:09 am
admin Published May 29, 2024
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GaiaNet Secures  Million in Funding for Decentralized AI Protocol


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Key Initiatives and Investor Participation99Bitcoins: Crypto Powering a Be taught-to-Earn Platform

GaiaNet, a decentralized AI developer, is difficult the centralized synthetic intelligence panorama by utilizing blockchain know-how to create a brand new paradigm. The corporate has just lately raised $10 million in funding to develop its blockchain optimized for giant language fashions and generative software program.

Key Initiatives and Investor Participation

The funding will support GaiaNet in constructing a decentralized community of edge nodes managed by non-public people and companies. This strategy goals to democratize synthetic intelligence instruments, offering a extra inclusive different to dominant gamers like Google. GaiaNet’s CEO, Matt Wright, acknowledged that the corporate’s purpose is to “redefine the best way people and AI interact to allow sovereign infrastructure” for managing synthetic intelligence.

One in every of GaiaNet’s initiatives consists of addressing the scarcity of upper schooling specialists by means of using decentralized AI-powered instructing assistants. This effort builds on an current partnership with the College of California to develop chatbots for STEM college students.

The seed funding spherical noticed participation from notable buyers, together with Lex Sokolin from Generative Ventures, Brian Johnson of Republic Capital, Shawn Ng from 7RIDGE, Kishore Bhatia, EVM Capital, Mirana Ventures, Mantle EcoFund, and ByteTrade Lab. Lucas Lu, CEO of ByteTrade Labs, commented on the funding, highlighting that GaiaNet’s decentralized AI community “opens up limitless potentialities for each customers and builders to collaborate with AI brokers.”

GaiaNet commenced its first-phase product testing in Q2 2024 and plans to launch its testnet and software program improvement package in Q3 2024.

Decentralized AI developer GaiaNet challenges the centralized synthetic intelligence established order by leveraging blockchain tech for a brand new paradigmhttps://t.co/3X8vlHebj7

— crypto.information (@itscrypto_news) Could 28, 2024

99Bitcoins: Crypto Powering a Be taught-to-Earn Platform

99Bitcoins has made a major mark within the blockchain sector as a premier crypto schooling platform. With the introduction of its token, 99BTC, the platform is now positioned as one of many high cryptocurrencies to contemplate buying this yr.

Launched on the Ethereum blockchain, 99Bitcoins provides a singular platform the place customers can share data and find out about cryptocurrencies whereas incomes crypto rewards. The 99BTC token is central to accessing superior coaching programs throughout the platform’s ecosystem, together with unique webinars and coaching periods.

Those that select to turn into 99Bitcoins whales will achieve entry to VIP group teams, offering entry to specialists and crypto alerts to boost their buying and selling choices. The platform has simplified the method of buying crypto data, and with its new Web3-focused initiative, it’s increasing into the Be taught-to-Earn (L2E) territory.

Customers can now entry interactive studying modules, quizzes, certifications, and extra by means of the platform. The 99Bitcoins presale has already raised over $400,000, demonstrating sturdy curiosity and help for the challenge. For extra details about the presale, events can go to presale.99bitcoins.com.

Go to 99Bitcoins

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