Cryptocurrency AI startup 0G Labs has completed a $40 million seed round financing and secured a $250 million token purchase commitment
ChainCatcher news, Zero Gravity Labs (0G Labs or 0GL) is a crypto AI startup dedicated to developing the infrastructure for decentralized AI systems. The company announced it has secured $290 million in new funding. This includes $40 million in seed funding raised by the lab and a $250 million token purchase commitment received by the 0G Foundation (the independent governing body of the 0G protocol).This round of funding was participated in by Hack VC, Delphi Digital, OKX Ventures, Samsung Next, Bankless Ventures, Animoca Brands and its co-founder Yat Siu, Polygon and its co-founder Sandeep Nailwal, Stanford Blockchain Fund, Abstract VC, Alchemy, Blockdaemon, Foresight Ventures, among others.0G Labs now describes itself as a crypto AI startup rather than a modular blockchain or data availability (DA) layer. 0G Labs co-founder Heinrich stated, "The previous narrative did not cover the entirety of our mission to build AI as a public good; DA is just one component of this puzzle, as are verifiable reasoning, training, and so on."0G Labs is building what is known as a decentralized AI operating system (dAIOS), aimed at enabling the development of on-chain AI applications.