ChainCatcher news, the decentralized AI technology innovation platform Redpill announced the completion of a $5 million seed round financing, led by Animoca Brands and DFG, with participation from several institutions including Jsquare and Hypersphere.According to the Web3 asset data platform RootData, RedPill is a decentralized AI platform that aggregates top AI models into a single API, enabling democratic access to them and providing faster, more affordable, and verifiable AI services globally. RedPill introduces a model that tokenizes LLM resources and issues equivalent model tokens to AI node providers based on "cost proof." These tokens can be traded by nodes or purchased by users through the DeFi market.

ChainCatcher news, Nick Tomaino, the founder of the cryptocurrency investment firm 1confirmation, stated on social media that 1confirmation has just distributed the latest cash allocation to LPs.It is reported that the first fund, launched in 2017, has distributed 5.13 times (net) cash to LPs, while the net DPI (distributions to paid-in capital ratio) of the second fund, launched in 2019, is now 1.78.