ChainCatcher news, according to The Block, the development company behind the decentralized artificial intelligence network GenLayer, YeagerAI, has completed a $7.5 million seed round financing, led by North Island Ventures, with participation from Node Capital, Arrington Capital, ZK Ventures, WAGMI Ventures, BlockBuilders, Arthur Hayes's family office Maelstrom, and several angel investors.It is reported that the YeagerAI team is pioneering a technology solution called "smart contracts," which is a blockchain-based system that utilizes large language models connected to the internet to execute functions. GenLayer also employs artificial intelligence in its customized delegated proof-of-stake algorithm, which randomly selects a chief validator to propose outputs, followed by voting from four other validators connected to different LLMs. If the subjective output receives majority support, the transaction is processed.

ChainCatcher news, DePIN company Geodnet has completed a $3.5 million financing round, led by North Island Ventures, with participation from Modular Capital, Road Capital, Tangent, and Reverie.It is reported that Geodnet is a community-based decentralized physical infrastructure network (DePIN), where anyone can connect to the network by installing and operating what are called "satellite miners."

ChainCatcher news, the tokenized environmental asset exchange Neutral announced the completion of a $3.2 million financing round, led by North Island Ventures, with participation from Redalpine, Digital Money Group (DCG), Cerulean Ventures, Factor Capital, Very Early Ventures, and Rarestone Capital.Neutral plans to use the initial funding to launch a regulated exchange in Europe and aims to expand to other jurisdictions in North America and Asia. Neutral will combine tokenized carbon credits, renewable energy credits, and carbon forwards with specialized market infrastructure to enhance the efficiency, transparency, and trust of these markets.

ChainCatcher news, according to The Block, automated customer support company AwesomeQA has completed a $2.8 million seed round financing, led by North Island Ventures, with participation from Coinbase Ventures and Uniswap Labs Ventures.AwesomeQA supports the use of artificial intelligence to automatically answer user questions in Discord and Telegram channels, and plans to expand its team and improve its custom-trained AI models. AwesomeQA currently provides customer support for over 60 Web3 companies, including Aave, Dune, and Scroll. (source link)

ChainCatcher news, the cross-chain trading and liquidity routing protocol Squid announced the completion of a $3.5 million financing round, led by North Island Ventures, with follow-on investments from Distributed Global, Fabric Ventures, Galileo, Chapter One, and Node Capital.It is reported that Squid is a cross-chain trading and liquidity routing protocol on the Axelar Network. Squid utilizes existing DEXs to trade and send any native tokens across chains. Transactions can be combined with Axelar's universal messaging, allowing Squid to enable one-click trading with any asset between any applications and any users.

According to Chain Catcher news, as reported by Business Wire, the crypto venture capital firm North Island Ventures announced the completion of fundraising for its new fund NIV Fund II, which has a scale of $125 million. The fund will focus on making 30 to 40 early-stage investments in emerging crypto and Web3 companies and protocols, with initial investments ranging from $250,000 to $3 million. (Business Wire)