• Web3 infrastructure company “0G Labs” raises $35 million in pre-seed funding, focuses on building modular blockchain
  • The goal of 0G Labs is to focus on high security and throughput. Build as many consensus networks as possible over time.
  • 0G Labs plans to enable new use cases that weren’t possible before, allowing more AI applications to develop and solve bigger problems along the chain.

Why focus on modular blockchain

Web3 infrastructure company 0G Labs has secured a $35 million seed round of funding. 0G it is creating a modular AI blockchain designed to alleviate the pain points of on-chain AI applications in the web3 ecosystem, such as speed and cost-effectiveness.

Michael Heinrich, co-founder of 0G, said, “Our goal is to make any blockchain as high-performance and low-cost as a web2 application; we need decentralised storage. The data pipeline needs to be broad enough so that many users can use it at the same time.”

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Focus on high security and throughput.

0G labs claims that it is very fast and cheap compared to its competitors; it will have a throughput of 50 Gbps compared to the competitors’ 1.5 MBps. without fast and efficient throughput, the costs will increase.” Heinrich said, “We built an ultra-high performance data pipeline. Over time, it hopes to reach “infinite capacity”; the consensus network brings together all the nodes of the blockchain and agrees on a single data set.

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Start a new case

Once the chain is fully operational and on the mainnet, any Web 2.0 application can be built on the chain,” Heinrich said. According to Heinrich, the ideal initial ecosystem members and users are Layer 2 blockchains such as Polygon and Arbitrum, which are focused on scaling the ethereum ecosystem, as well as decentralised applications being built that require high bandwidth. In the short term, it plans to move from deep forgery detection in AI to building decentralised models, as well as helping with high-performance use cases in blockchain.

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