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Cryptocurrency News Articles
0G (ZeroGravity) Raises $30M in AI Node Sale to Scale Web3 Infrastructure
Jan 10, 2025 at 03:48 am
The node sale follows a $35 million seed and pre-seed round announced in March 2024, which attracted more than 40 web3 VCs.
Web3 AI infrastructure firm 0G (ZeroGravity) has raised $30 million in an AI node sale, the company announced on Monday.
According to the announcement, 0G sold nearly 85,000 nodes to about 8,500 operators. The sale follows a $35 million seed and pre-seed round announced in March 2024, which attracted more than 40 web3 VCs.
Those who purchased nodes will receive non-fungible tokens (NFTs) that represent claims on the nodes purchased. Node operators will receive up to 15% of the 0G token supply, Cointelegraph reported.
“By monitoring AI behaviour and detecting deviations from expected protocols or ethical standards, these nodes can help prevent AI from ‘cheating’ or acting maliciously,” 0G said in a statement about the token structure.
“They also play a critical role in supporting the overall robustness and censorship resistance of the 0G network by distributing control over AI alignment.”
The announcement comes as venture firms are increasingly looking to invest in the intersection of blockchain technology and artificial intelligence. In February 2024, Hack VC closed a $150 million fund that aims to invest in early-Web3 and AI startups.
Those interested in 0G’s tokenomics can find more details here.
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- OKX Unveils Agent Payments Protocol: Ushering in a New Era of AI Transactions
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