November 14, 2024
0G Labs, a crypto-AI startup advancing decentralized artificial intelligence (AI) infrastructure, announced $290 million in new funding aimed at building a decentralized AI operating system, dAIOS. This financing comprises a $40 million seed round led by Hack VC, with a further $250 million token purchase commitment backed by various industry players, including Delphi Digital, Animoca Brands, OKX Ventures, and Samsung Next. The latest funding brings 0G Labs' total capital raised to $325 million, including a $35 million pre-seed round completed in March 2024.
0G Labs' dAIOS aims to offer a decentralized framework to support the development of AI applications on the blockchain. Divided into three key components—service marketplace, compute and storage network, and data availability (DA) layer—dAIOS is designed to provide a peer-to-peer ecosystem for developers and AI service providers. According to the company, this structure ensures high-speed data processing and cost-effective scalability, with DA layers enabling distributed data access and verification for onchain applications. The seed funding was structured as a simple agreement for future equity (SAFE) with token warrants, featuring a valuation cap above $2 billion.
The 0G protocol’s mainnet and token are set to launch in the first half of 2025. Initially scheduled for mid-2024, the timeline was adjusted to coordinate the mainnet and token launch, ensuring efficient management and user accessibility. With fresh capital, 0G Labs plans to double its 40-member team, focusing on engineering, ecosystem growth, and community initiatives, including hackathons and developer programs.
About 0G Labs
0G Labs is a crypto-AI company developing dAIOS, a decentralized AI operating system that enables blockchain-based AI application development. Founded with a mission to make AI a public good, 0G Labs offers verifiable and censorship-resistant services through its compute, storage, and DA layers. 0G Labs aims to transform AI with fully decentralized capabilities.
Website: https://0g.ai/
X: @0G_labs
About Investor
Hack VC
Hack VC is a venture capital firm that focuses on investing in innovative Web3 and blockchain technologies. The firm supports projects at the intersection of crypto, DeFi, and AI, aiming to drive transformation in decentralized systems.
Location: New York
Website: https://www.hack.vc/
A central focus of investor activity in the cryptocurrency space is the evaluation of new crypto projects to invest in, particularly those with huge potential. This blog provides insight into what new ventures are benefiting from venture capital support (VC funding in crypto). These new crypto projects, funded by professional investors, can dictate the next narrative in crypto and the next big crypto movers.
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