KIP Protocol, a Web3 underlying protocol focused on AI, has completed a strategic round of financing, led by Animoca Ventures

2024-02-01 19:34:09

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ChainCatcher news, focusing on the AI-based Web3 underlying protocol KIP Protocol has completed a strategic round of financing, led by Animoca Ventures, with participation from B.Army (Vietnam), CSP DAO (Europe, Middle East, and Africa), MQdao, Spicy Capital (Latin America), Skyvision Capital (Hong Kong), and Purechain Capital (UK).

It is reported that KIP Protocol is a decentralized Web3 protocol layer built by AI models, applications, and data owners, enabling secure transactions and monetization in Web3. KIP will establish a new AI business ecosystem to address the issues and challenges faced in decentralized AI deployment, ensuring that valuable knowledge and data can be protected and monetized as knowledge assets, allowing interaction with artificial intelligence without losing digital ownership.

The first dApp on KIP Protocol is planned to be launched in the first or second quarter of 2024.

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