January 8, 2025
Yiedl, an AI-powered platform advancing decentralized finance (DeFi), has announced a successful funding round of $735,000. The investment was led by OceanDAO, the funding arm of the Ocean Protocol ecosystem, with contributions from blockchain pioneers Trent McConaghy and Bruce Pon, as well as the team behind Predictoor AI. The funding will support Yiedl’s efforts to develop AI-driven solutions within the DeFi landscape, boosting its ability to deliver comprehensive services.
Ocean Protocol, a decentralized data exchange framework, plays an integral role in driving advancements at the intersection of blockchain and artificial intelligence. As part of the $4.5 billion Fully Diluted Valuation (FDV) Superintelligence Alliance, the initiative seeks to promote collaboration across the global AI ecosystem. This partnership offers Yiedl the opportunity to integrate Ocean Protocol’s advanced decentralized technologies and community network into its operations. Yiedl’s recent appointment as a crypto data provider for AI competitions further reinforces its position in delivering advanced data analytics for blockchain applications.
About Yiedl
Yiedl is a DeFi platform utilizing AI to enhance financial processes. Emerging from a global AI competition with over 1,000 data scientists, it offers AI-driven insights, decentralized tools, and plans to expand into crypto data analytics.
Website: https://yiedl.ai/
X: @yiedl
About Investor
OceanDAO
OceanDAO is the decentralized funding initiative of Ocean Protocol, which provides tools for secure data sharing, monetization, and access across industries. Ocean Protocol, established in 2017, is recognized for its contributions to building decentralized data markets and supporting blockchain advancements.
Location: Singapore
Website: https://oceanprotocol.com/
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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