Gravity

Foundation

Zero

Zero Gravity Labs (0G Labs or 0GL), a core&nbsp;contributor developing the software that will power the world’s first decentralized AI Operating System (dAIOS), has reached a fundraising milestone by raising $40 million from leading venture capitalists, following a $35 million pre-seed round earlier this year. Additionally, $250 million has been secured&nbsp;in a liquid line/token purchase commitment&nbsp;from the 0G Foundation, the independent long-term governance foundation for the 0G Protocol. This strengthens 0G’s standing as a top decentralized AI ecosystem by bringing the total committed funds&nbsp;throughout the ecosystem&nbsp;to $325M. 
Hack VC, Delphi Digital, OKX Ventures, Samsung Next, Bankless Ventures, Yat Siu and Animoca, Stanford Blockchain Fund, Awaken Finance, Dao5, Coinbureau, Santiago, Alchemy, Gumi, No Limits Holdings, Alumni Ventures, Master Ventures, Longhash, IBC, Polygon and Sandeep Nailwal, Deadalus, NGC, Nounce, Kudasai, Blockdaemon, Adrian Cheng, Foresight, and Hack VC’s LPs Blue Pool Capital, Bolts, Orange Dao, and Alliance Dao were among the participants in the rounds. 
The decentralized ecosystem of 0G has over 200 backers, including well-known AI investors like Abstract VC, Joanne Chen, Ed Roman, Emad Mostaque, and LifeX. This wide range of investors highlights the meticulous selection procedure and dedication to decentralization. 
The Foundation will be able to access any liquid digital assets kept on top exchanges at over-the-counter (OTC) pricing thanks to the liquid line. The Foundation may use the money to promote ecosystem development and project development as needed. 
Michael Heinrich, co-founder and CEO of Zero Gravity Labs (0GL), said: 
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow"> 
 “AI is transforming every facet of our lives, but its development has been largely centralized, raising concerns about transparency and control. With dAIOS, we’re building an open and decentralized AI Operating System that ensures security, transparency, and accessibility. This funding will allow us to accelerate our mission.” 
</blockquote> 
Ed Roman, Managing Partner at Hack VC, said: 
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow"> 
 “We are thrilled to deepen our partnership with Zero Gravity Labs by leading their seed round. We’re doubling down on our investment because 0GL’s innovative approach to building a decentralized AI Operating System aligns perfectly with our vision for the future of technology. By addressing the critical gaps in current blockchain infrastructure, 0GL is positioned to impact the industry significantly.” 
</blockquote> 
dAIOS will function at the nexus of web3 and artificial intelligence as the first decentralized AI operating system in history. With limitless scalability and no bottlenecks, 0G’s solution will be tailored for data availability, guaranteeing easily available and effectively managed data for AI operations. 
With a throughput of up to 50 GB/second, dAIOS will provide a decentralized, safe environment for large datasets. Real-time AI computation will be supported directly onchain via an inference layer, providing quicker insights without requiring off-chain processing. 
Growing worries about data privacy, security breaches, and the monopolization of AI technology have strengthened the demand for decentralized AI solutions. By offering an infrastructure&nbsp;that enables AI applications to operate safely and openly onchain, 0GL’s decentralized AI Operating System seeks to solve these problems. 
With funding secured, 0GL plans to accelerate the development of its projects within the 0G ecosystem, add top-tier AI research and blockchain engineering specialists to its team, and collaborate with top academic institutions and business titans to create collaborative opportunities that will propel decentralized AI forward. 
The goal of the 0G Foundation is to foster a community of developers that share its vision, including 0GL and other ecosystem members.

OG Ecosystem Raises $40M in Milestone for Revolutionary Decentralized AI Operating System

TheNewsCrypto

Other articles published on Nov 14, 2024

Will China Lift Its Crypto Ban? HashKey CEO Suggests Trump’s Victory Could Change the Game

David Schwartz on Ripple’s Strategy and Crypto Payment Adoption Challenges

Skipped the Ripple Rollercoaster Ride? This Ongoing Presale Offers a Massive 1000x ROI Potential

BIT Mining (NYSE: BTCM) Invests in Prosper’s Native Tokens to Support New Focus on Bitcoin Mining

Trump’s Pro-Crypto Stance May Push China to Reconsider Crypto Ban

OKX Ventures, The Open Platform, and Folius Ventures Launch $10M Telegram Growth Hub

Join our free newsletter for daily crypto updates!