0G Labs successfully conducted a significant round of funding for their node sale, amassing $30 million to fuel the development of a decentralized artificial intelligence operating system. In the past few months, the company has garnered substantial financial backing, demonstrating investor enthusiasm towards this technology.
This news comes from an exclusive press release shared with BeInCrypto.
0G Labs Launches AI Node Sale
0G Labs, an artificial intelligence research firm, has been actively seeking funds beyond their initial token sale. In 2024, they became one of the crypto sector’s biggest recipients of venture capital funding, pocketing over $40 million in November. While the funds raised from this round are not as substantial as that record-breaking fundraising event, it’s still quite an impressive feat.
Approximately 8,500 people bought nearly 85,000 nodes, raising a total of $30.6 million. This not only broke a record for the second highest number of unique buyers in a node sale, but it also means that the launch of 0G will be supported by a network of operators from around the world with a wide range of backgrounds.
In the world of cryptocurrency and decentralized web (Web3), selling nodes is a widely used approach to garner funds. A variety of industries have adopted this method for their fundraising efforts. For instance, the DePin project, Privasea, successfully sold out one node sale in August and followed it up with another in October.
Additionally, just like Wirex’s payments platform, Lumia, a decentralized finance (DeFi) protocol under the RWA umbrella, conducted a successful node sale not long ago.
0G Labs is the only AI company that has carried out significant sales recently, as shown by their recent multi-billion dollar deal. Additionally, they secured $40 million in funding in November and numerous seed and pre-seed rounds, totalling over $400 million in investments according to their claims.
Artificial Intelligence (AI) is making significant strides across the cryptocurrency sector, particularly catching the attention of major investors who are taking note of AI-driven agents. Decentralized AI solutions such as those offered by 0G, however, have sparked debate. Some projects have secured substantial funding, yet there’s also a lot of doubt surrounding them.
After a successful transaction, company 0G intends to deploy numerous nodes worldwide for the purpose of decentralized administration, with an emphasis on enhancing the network’s infrastructure. The organization also aims to establish a novel standard for artificial intelligence agents, hoping for widespread industry adoption.
In summary, the trend of decentralized artificial intelligence has experienced rapid expansion within the cryptocurrency sector. Notably, various advancements have emerged in this area over the last few months. The most recent development is a project called O.XYZ, which successfully secured $130 million in funding to create the first-ever Decentralized AI-governed entity (DeAIO).
As a researcher delving into the realm of artificial intelligence, I can’t help but notice the remarkable surge in the significance of AI agent tokens. Industry analysts are predicting that this sector will soon expand into a multi-trillion dollar market within the coming years.
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2025-01-08 04:54