Web3 modular infrastructure firm 0G Labs announced the successful completion of a $35 million pre-seed funding round on March 25.
The funding will be used to build out 0G Labs’ vision of creating a full-stack blockchain-based solution for training, deploying, and running artificial intelligence models. Per the press release, one of the major advantages of its platform is speed over current state-of-the-art solutions such as Ethereum’s smart contract network.
“0G is positioned as the premier modular data availability solution for web3, including the next frontier of crypto-powered AI networks. Their data availability technology has shown to achieve speeds 1000x+ faster and cheaper than ETH L1, which is simply phenomenal. We’re proud to be their partners in this journey, and can’t wait to see their ecosystem thrive as the team pushes forward towards main-net.