November 12, 2024
Eidon, a Web3 AI startup, completed a $3.5 million seed funding round, with Framework Ventures leading the investment. Cyber.Fund also participated. The company is developing a decentralized AI network that allows users to contribute data, including fine hand motions and object interactions, which is then authenticated and verified by the community.
The capital will support the establishment of the platform’s infrastructure, focusing initially on data contributions. Eidon’s first version went live this week, marking a significant step in its development. The company aims to build a decentralized ecosystem that integrates data, computing, storage, and code.
This funding round comes at a time when the cryptocurrency market is experiencing significant growth, which has increased interest in Web3 and AI projects. Eidon’s efforts align with a broader trend of Web3 AI startups receiving attention from investors, including other firms such as Space and Time, YeagerAI, and Hyperbolic, which have also secured funding this year.
About Eidon
Eidon is a Web3 AI company focused on creating a decentralized network for AI model training. The platform allows users to submit data, such as hand motions and object interactions, which undergoes community verification. Eidon aims to expand the network to include computing, storage, and other contributions, offering rewards for all participants.
Website: https://www.eidon.ai/
X: @eidon_ai
About Investor Framework Ventures
Framework Ventures is a venture capital firm that specializes in investments in decentralized finance and Web3 technologies. The firm has backed several prominent projects within the blockchain and AI sectors.
Location: San Francisco, California
Website: https://framework.ventures/
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.
Comments