Trends
0G Labs raises US$35M pre-seed funding from crypto leaders
0G Labs, a web3 infrastructure firm, secured $35m in pre-seed funding from over 40 leading crypto institutions, including Hack VC and Stanford Builders Fund. Fundings from other companies As the crypto space heats back up, so has funding for new startups. 0G Labs, known as the pioneers of the first …
Headline
0G Labs, a web3 infrastructure firm, secured $35m in pre-seed funding from over 40 leading crypto institutions, including Hack VC and Stanford Builders Fund. Fundings from other companies As the crypto space heats back up, so has funding for new startups. 0G Labs, known as the…
Context
0G Labs, a web3 infrastructure firm, secured $35m in pre-seed funding from over 40 leading crypto institutions, including Hack VC and Stanford Builders Fund. As the crypto space heats back up, so has funding for new startups. 0G Labs, known as the pioneers of the first Modular AI Chain, just bagged a whopping $35 million in pre-seed funding.
Evidence
Pending intelligence enrichment.
Analysis
This huge injection of money has been carefully gathered from a strong lineup of over 40 crypto-native organisations. These include Hack VC, Stanford Builders Fund, and many other Web3 royalties. Also read: Binance executive escapes Nigerian custody Also read: FTX to sell majority of stake in Anthropic for US$884 million 0G, short for ZeroGravity, is creating a modular AI blockchain that aims to alleviate the pain points of on-chain AI applications in the web3 ecosystem, like speed and cost efficiency. Competitors include Celestia and EigenLayer, which are also focused on modularity.
Key Points
- 0G Labs, a web3 infrastructure firm,” has raised $35 million in a pre-seed round.
- The funding supports 0G’s mission create a modular AI blockchain is being created to accelerate speed and cost efficiency.
- 0G’s may release their own tokens in the future.
Actions
Pending intelligence enrichment.
