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CoinDesk 2025-02-05 15:52:13

0G Foundation Unveils $88.8M Ecosystem Fund for Decentralized AI Applications

0G Foundation Unveils $88.8M Ecosystem Fund for Decentralized AI Applications

The governance foundation for decentralized artificial intelligence (AI) ecosystem 0G has unveiled an $88 million fund for the creation of AI applications. The 0G Foundation is seeking submissions from teams developing decentralized finance (DeFi), on-chain data marketplaces for secure data sharing, AI-driven gaming and social applications, according to an emailed announcement Wednesday. The fund is backed by a number of big-name investors in the blockchain venture capital sector, such as Hack VC, Delphi Ventures and OKX Ventures. This trio of firms also contributed to the $40 million seed funding round into Zero Gravity Labs , a core 0G contributor, in November. The widespread increase of AI in many areas of the economy has spurred a movement in the blockchain industry to introduce decentralization into the way data is gathered and used in order to prevent AI being dominated by just a few powerful brokers.

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