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0G Labs launches with whopping $35M pre-seed to build a modular AI blockchain
As the crypto space heats back up, so has funding for new startups. 0G Labs, a web3 infrastructure firm,” has raised $35 million in a pre-seed round, the
When co-founders Heinrich, Ming Wu, Fan Long and Thomas Yao initially got together, they had conversations with other market players and found there was a “clear market signal that this aspect of data availability and data storage is really critical, not only to scale blockchain systems, but to make on-chain AI even a possibility,” Heinrich said. Investors from over 40 crypto-native institutions also joined in, including Alliance, Animoca Brands, Delphi Digital, Stanford Builders Fund, Symbolic Capital and OKX Ventures, to name a few. Once the chain is fully operational and on mainnet, which means it’s a functional, public blockchain, any Web2.0 application can be built on-chain, Heinrich said.
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