AI-Focused Organization Unveils $88 Million Venture for Supporting New Artificial Intelligence Driven Decentralized Finance Agents
The 0G Foundation, a leading player in the intersection of artificial intelligence (AI) and blockchain technology, has announced the launch of an $88 million fund aimed at investing in AI-powered Decentralized Finance (DeFi) applications.
The fund, part of the 0G Labs' Ecosystem Growth Program, will specifically support the development of on-chain AI-powered DeFi applications and decentralized AI-driven dApps. The goal is to build a decentralized AI Operating System (dAIOS) that integrates blockchain with AI, providing scalable, secure, and cost-efficient AI workloads on-chain, including in DeFi use cases.
The dAIOS will emphasize real-time, secure, and verifiable computations with high data privacy and transparent governance. The investment will foster a community-driven ecosystem focused on AI as a public good with user-owned data and transparent governance.
Despite the lack of specific AI-powered DeFi applications or project names within the 0G Foundation’s investment portfolio, the funding is described as enabling infrastructure and ecosystem growth for AI-enabled DeFi and other dApps rather than detailing specific applications.
The announcement follows the 0G Foundation's $35 million seed round announced last March and a $40 million extension announced in September. In January, the Foundation completed a $30 million AI node sale. The 0G Foundation has now raised a total of $115 million in funding in 2022 and January 2023, with participation from Hack VC, Delphi Digital, OKX Ventures, Samsung Next, Bankless Ventures, and Animoca Brands.
The 0G Foundation plans to launch its mainnet in the first or second quarter of 2025. The rapid growth of AI capabilities is being met with a need for trustless, transparent systems in finance, making the 0G Foundation's activities increasingly relevant.
Michael Heinrich, co-founder and CEO of 0G Labs, stated that the current time is ideal for accelerating the development of autonomous agents. The focus of the 0G Foundation's activities remains on the intersection of artificial intelligence and decentralized finance.
The fund backing the 0G Foundation's investments is backed by leading Web3 VCs including Hack VC, Delphi Ventures, Bankless Ventures, and OKX Ventures. The 0G Foundation's infrastructure is ready to support a new wave of AI-powered decentralized applications, positioning it at the forefront of the AI-DeFi revolution.
[1] Source: 0G Foundation's official announcement.
- The 0G Foundation's newly launched $88 million fund, backed by Web3 VCs, will primarily invest in AI-powered Decentralized Finance (DeFi) applications and decentralized AI-driven dApps, aiming to create a decentralized AI Operating System (dAIOS) that seamlessly integrates blockchain technology with AI for efficient AI workloads in DeFi and other contexts.
- With the goal of fostering a community-driven ecosystem centered around AI as a public good, the dAIOS will prioritize real-time, secure, verifiable computations, high data privacy, and transparent governance, playing a significant role in addressing the demand for trustless, transparent systems in the realm of finance.
- As the 0G Foundation's infrastructure readies itself to support a new wave of AI-driven decentralized applications, its activities, centered on the intersection of artificial intelligence and decentralized finance, place it at the cutting edge of the AI-DeFi revolution, with recent investments totaling $115 million from Hack VC, Delphi Digital, OKX Ventures, Samsung Next, Bankless Ventures, and Animoca Brands.
