decentralized AI

The decentralized AI infrastructure layer KIP Protocol has completed a $5 million private funding round, led by Animoca Ventures and Tribe Capital

ChainCatcher news, the decentralized AI infrastructure layer KIP Protocol has announced the completion of a $5 million private placement financing, led by Animoca Ventures and Tribe Capital. Other investors include GBV Capital, DWF Ventures, Morningstar Ventures, and others. So far, KIP Protocol has raised a total of $10 million.As the world's first underlying protocol supporting Decentralized Retrieval-Augmented Generation (dRAG), KIP Protocol provides cutting-edge Web3 infrastructure that enables app developers, model creators, and data owners to achieve seamless deployment, monetization, and full ownership in Web3. KIP Protocol offers a comprehensive suite of tools and services aimed at breaking the monopoly barriers in the AI industry, providing a fairer environment for AI developers and consumers. This round of financing will further advance KIP Protocol's mission for decentralized AI development by creating powerful and secure decentralized AI solutions that drive unprecedented applications and innovations.Previously, KIP Protocol officially announced a partnership with the leading AI Agent entertainment platform Moemate, leading 3 million Web2 AI users into Web3. KIP has also secured the management rights to a $10 million fund provided by Open Campus, collaborating to layout and explore the "DeAI + Education" landscape, and jointly building a leading, decentralized AI-driven online learning education platform OCU, offering personalized learning experiences and redefining decentralized education. Through these collaborations, KIP has realized real use cases for decentralized AI.
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