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Cryptocurrency News Articles

Rainmaker Secures $7.5 Million to Fuel Web3 and AI Innovations

Apr 04, 2024 at 10:31 pm

Raiinmaker, a Web3 and AI technology company, has raised $7.5 million in a seed round ahead of its Mainnet launch and native token $Coiin TGE. Notable investors in the round include Jump Crypto, Cypher Capital, GDA Capital, Gate.io Labs, London Real Ventures, and MEXC Global. Raiinmaker's Network offers a scalable blockchain architecture, decentralized AI tools, and AI-powered smart contracts, focusing on the scalable implementation of Decentralized AI and Web3 infrastructure for mass adoption in Sports, Gaming, and Entertainment.

Rainmaker Secures $7.5 Million to Fuel Web3 and AI Innovations

Raiinmaker Secures $7.5 Million Seed Funding for Web3 and AI Innovations

Santa Monica, CA, April 4th, 2024 - Raiinmaker, a pioneering Web3 and AI technology company, announced today the successful closing of a $7.5 million seed funding round in anticipation of its Mainnet launch and native token ($Coiin) Token Generation Event (TGE).

This strategic investment round, led by industry veterans Jump Crypto and Cypher Capital, has attracted the support of a diverse group of prominent investors, including GDA Capital, Gate.io Labs, London Real Ventures, MEXC Global, Krypital Group, Alphabit, Launchpool, New Tribe Capital, Coach K, Axia 8 Ventures, Sheesha Finance, Andromeda Capital, Arcanum Capital, Bella Capital, and Alpha Sigma Capital.

Harnessing the Power of Web3 and AI

Raiinmaker's innovative technology ecosystem is centered around the Raiinmaker Network, which boasts a remarkable combination of features: a highly scalable and modular blockchain architecture, a suite of decentralized AI tools, and AI-powered smart contracts. Utilizing these components, Raiinmaker aims to revolutionize the integration of Decentralized AI and Web3 infrastructure into practical solutions for industries such as sports, gaming, and entertainment.

Empowering the Mass Adoption of Web3 and AI

Through its user-friendly Raiinmaker Super App, individuals can engage with the Raiinmaker Network and contribute directly to advanced AI models and decentralized infrastructure. By leveraging their iOS or Android devices, users can participate in the training of AI models and operate DePIN-enabled validator nodes, earning fractional rewards for their contributions.

Notably, the Raiinmaker Super App enables users to train stable diffusion models similar to those used for AI art generation, empowering them to participate in the rapidly growing field of AI development.

"The transformative potential of AI and Web3 technologies has the power to uplift humanity to unprecedented heights," said J.D. Seraphine, Founder and CEO of Raiinmaker. "We are thrilled to be at the forefront of this decentralized AI Technology Revolution."

A Robust Network of Supporters

In addition to the investors involved in this seed funding round, Raiinmaker has garnered the support of a wide-ranging investor base, including DCI Capital, Seed Thrift Ventures, Titans Ventures, WeeHodl, Kopman Capital, 7 O'Clock Capital Fund, Spicy Capital, NxGen.xyz, Absoluta Digital, Candaq, Mainchain Ventures, Panda Capital, Stealth Capital, Taisu, K300, Tulpar Capital, Acacia Digital, Simurg Labs, Gemhead, Alpha Capital, Green Arrow Ventures, Basics Capital, Legion Ventures, Coinvestor Ventures, Simplicity Blockchain, Aza Ventures, Transform Capital, Khan's DeFi Kitchen, HC Capital, Crypto Roundtable, Gemhead Capital, and Metazero Capital.

A Global Community of Engaged Users

With over 70,000 app downloads, 150,000 nodes, 18 million transactions processed, and an engaged worldwide community exceeding 200,000, Raiinmaker is empowering individuals globally to contribute to decentralized AI infrastructure while earning crypto rewards, all without the need for specialized technical knowledge.

About Raiinmaker

Raiinmaker is an innovative Web3 and AI technology company that has developed the Raiinmaker Mobile Application and the Raiinmaker Network. The Raiinmaker App serves as a cutting-edge Web3 and decentralized AI platform that revolutionizes how users' contributions to AI infrastructure are monetized. The Raiinmaker Network combines scalable Web3 and AI infrastructure, enabling a transformative redefinition of value creation tied to digital identity, behavior, and reputation.

The Raiinmaker AI Super App seamlessly integrates with the Raiinmaker Network, providing access to core Protocol Web3 features, including Identity, NFT Minting, Token Creation, and AI-Powered Smart Contracts.

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