0G Foundation Launches $88 Million Fund to Fuel Decentralized AI Development

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0G Foundation Launches $88 Million Fund to Fuel Decentralized AI Development
DEFIArtificial IntelligenceBlockchain
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The 0G Foundation, focused on decentralized artificial intelligence (AI), has announced an $88 million fund to support the creation of innovative AI applications. Backed by prominent blockchain venture capitalists like Hack VC, Delphi Ventures, and OKX Ventures, the fund aims to promote projects in areas such as DeFi, on-chain data marketplaces, AI-driven gaming, and social applications.

The fund is backed by a number of big-name investors in the blockchain venture capital sector including Hack VC, Delphi Ventures and OKX Ventures.The governance foundation for decentralized artificial intelligence ecosystem 0G unveiled an $88 million fund for the creation of AI applications.

The 0G Foundation said it is seeking submissions from team developing DeFi, onchain data marketplaces for secure data sharing, AI-driven gaming and social applications. The governance foundation for decentralized artificial intelligence ecosystem 0G has unveiled an $88 million fund for the creation of AI applications.The fund is backed by a number of big-name investors in the blockchain venture capital sector, such as Hack VC, Delphi Ventures and OKX Ventures.

The widespread increase of AI in many areas of the economy has spurred a movement in the blockchain industry to introduce decentralization into the way data is gathered and used in order to prevent AI being dominated by just a few powerful brokers.Jamie joined CoinDesk as a news reporter in February 2021 after writing widely about crypto and blockchain for two years in other roles. Away from crypto, Jamie runs a lot and loves all things sport. He holds small amounts of BTC, ETH, ADA and LTC.

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