GaiaNet Secures $10 Million in Funding for Decentralized AI Protocol

On May 28, 2024

GaiaNet, a decentralized AI developer, is challenging the centralized artificial intelligence landscape by using blockchain technology to create a new paradigm. The company has recently raised $10 million in funding to develop its blockchain optimized for large language models and generative software.

Key Initiatives and Investor Participation

The funding will aid GaiaNet in building a decentralized network of edge nodes managed by private individuals and businesses. This approach aims to democratize artificial intelligence tools, providing a more inclusive alternative to dominant players like Google. GaiaNet’s CEO, Matt Wright, stated that the company’s goal is to “redefine the way humans and AI engage to enable sovereign infrastructure” for managing artificial intelligence.

One of GaiaNet’s initiatives includes addressing the shortage of higher education experts through the use of decentralized AI-powered teaching assistants. This effort builds on an existing partnership with the University of California to develop chatbots for STEM students.

The seed funding round saw participation from notable investors, including Lex Sokolin from Generative Ventures, Brian Johnson of Republic Capital, Shawn Ng from 7RIDGE, Kishore Bhatia, EVM Capital, Mirana Ventures, Mantle EcoFund, and ByteTrade Lab. Lucas Lu, CEO of ByteTrade Labs, commented on the investment, highlighting that GaiaNet’s decentralized AI network “opens up endless possibilities for both users and developers to collaborate with AI agents.”

GaiaNet commenced its first-phase product testing in Q2 2024 and plans to launch its testnet and software development kit in Q3 2024.

Decentralized AI developer GaiaNet challenges the centralized artificial intelligence status quo by leveraging blockchain tech for a new paradigmhttps://t.co/3X8vlHebj7
— crypto.news (@itscrypto_news) May 28, 2024

99Bitcoins: Crypto Powering a Learn-to-Earn Platform

99Bitcoins has made a significant mark in the blockchain sector as a premier crypto education platform. With the introduction of its token, 99BTC, the platform is now positioned as one of the top cryptocurrencies to consider purchasing this year.

Launched on the Ethereum blockchain, 99Bitcoins offers a unique platform where users can share knowledge and learn about cryptocurrencies while earning crypto rewards. The 99BTC token is central to accessing advanced training courses within the platform’s ecosystem, including exclusive webinars and training sessions.

Those who choose to become 99Bitcoins whales will gain entry to VIP community groups, providing access to experts and crypto signals to enhance their trading decisions. The platform has simplified the process of acquiring crypto knowledge, and with its new Web3-focused initiative, it is expanding into the Learn-to-Earn (L2E) territory.

Users can now access interactive learning modules, quizzes, certifications, and more through the platform. The 99Bitcoins presale has already raised over $400,000, demonstrating strong interest and support for the project. For more information about the presale, interested parties can visit presale.99bitcoins.com.

Visit 99Bitcoins