January 23, 2025
Swarm Network has announced the completion of its $3 million seed funding round, which will support the development of its decentralized AI agent swarms platform. The round was led by ZeroStage and Y2Z Ventures, alongside a syndicate of private investors whose identities remain undisclosed. The funding is set to accelerate Swarm's goal of creating a multi-agent collaboration system to verify and secure data on-chain.
Swarm Network aims to transform individual AI agents into collective swarms capable of securing real-time data and driving decentralized applications across the Web3 space. The platform's core feature, the Truth Protocol, allows users to verify and tag information quickly, addressing issues such as misinformation while enhancing AI systems' effectiveness. This marks a critical step in the company’s vision of a trust-based digital economy.
ZeroStage and Y2Z Ventures have a history of backing successful Web3 projects, including Mask, Near, and Polygon. Their investment highlights the potential for Swarm Network to impact decentralized infrastructure and shape the future of AI-driven technologies. The partnership is expected to assist Swarm in scaling its platform and achieving long-term goals in the decentralized space.
About Swarm Network
Swarm Network is a Web3 platform that enables decentralized AI agent swarms to authenticate and secure data on-chain. The platform allows users to own, manage, and monetize AI agents, ensuring data integrity through multi-agent collaboration. Its Truth Protocol counters misinformation by verifying and tagging information in real-time.
Website: https://swarm.network
X: @GetSwarmed
About Investor
ZeroStage
ZeroStage is a venture firm that specializes in investments within the Web3 and blockchain sectors. With a track record of supporting transformative technologies, the firm focuses on projects that have the potential to reshape the decentralized digital landscape.
Location: Dubai, United Arab Emirates
Website: https://www.zerostage.io/
Y2Z Ventures
Y2Z Ventures is an investment firm dedicated to Web3 technologies and blockchain-based infrastructure. The firm has a history of supporting scalable solutions aimed at advancing the decentralized internet, with a focus on disruptive technologies.
Location: Shanghai, China
Website: https://www.y2z.io/
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