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Cryptocurrency News Articles
0G Labs' Massive Pre-Seed Haul Signals Paradigm Shift in Web3 Infrastructure
Mar 27, 2024 at 12:28 am
0G Labs, a pioneer in Web3 modular infrastructure, has secured $35 million in pre-seed funding. The investment, led by Hack VC and Blockchain Builders Fund, aims to support the development of 0G Labs' comprehensive blockchain solution for AI model training, deployment, and execution, focusing on speed and efficiency. The platform promises to surpass Ethereum's Layer 1 speeds by over a thousandfold and includes Uni-Chain, an architecture that unifies various networks into a single metaverse. 0G Labs' vision for a more interconnected and efficient blockchain ecosystem has garnered strong support from the crypto sector.
Why 0G Labs' Pre-Seed Haul Signals a Shift in Web3?
0G Labs, trailblazing in Web3 modular infrastructure, has nailed a hefty $35 million pre-seed round. The March 25 funding spree saw heavyweights like Hack VC and Blockchain Builders Fund jumping on board, suggesting a resounding vote of confidence in 0G Labs' groundbreaking AI-on-chain approach.
Speed and Efficiency at the Helm
This cash infusion will fuel 0G Labs' ambitious project: a comprehensive blockchain solution tailored for AI model training, deployment, and execution. Their platform aims to blow past incumbents like Ethereum's smart contract network by prioritizing speed and efficiency.
Ed Roman of Hack VC gushed about 0G Labs' potential to shake up on-chain generative AI. He waxed lyrical about their data availability tech's ability to outpace Ethereum Layer 1 speeds by orders of magnitude, both in terms of speed and cost.
Uni-Chain: A Metaverse United
Among 0G Labs' projects in the pipeline is Uni-Chain, an ingenious architecture that aims to stitch together disparate networks into a seamless metaverse. This visionary design enables frictionless transactions across multiple chains using a single wallet, enhancing user experience and fostering interoperability.
The Uni-Chain blueprint reflects 0G Labs' mission to bridge the chasms between chains, paving the way for a secure, cohesive, and sprawling meta-universe.
Pivotal Moment for Web3 and AI
This pre-seed funding round lays the groundwork for 0G Labs' quest to create a more interconnected and efficient blockchain ecosystem. The unwavering support from top crypto investors validates the potential of their vision and marks a turning point in the evolution of Web3 and on-chain AI technologies.
Also Worth Noting:
In related news, Hedgehog, a crypto fee management provider, has secured $1.5 million in funding. Stay connected with The Crypto Times on Google News for the latest updates in the crypto world!
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