AI-Focused 0G Foundation Unveils $88 Million Venture to Support Emerging AI-Driven Decentralized Finance Agents
0G Foundation Launches $88 Million Ecosystem Growth Program for AI-Powered DeFi
The 0G Foundation, a leading player in the intersection of artificial intelligence (AI) and decentralised finance (DeFi), has announced an ambitious Ecosystem Growth Program worth $88 million. This fund forms part of a broader $325 million fundraising effort aimed at supporting the development of AI-powered DeFi applications and other on-chain AI capabilities.
The goal of the program is to foster a community-driven ecosystem around 0G Labs' decentralized AI Operating System (dAIOS), a groundbreaking platform that combines blockchain and AI to enable real-time, secure, and verifiable computations with a focus on data privacy and transparent governance.
Key details about the fund and 0G Labs include:
- The $88 million fund is part of 0G Labs' initiatives (including the Newton testnet) aimed at promoting AI as a public good within a decentralized, user-owned data ecosystem.
- 0G Labs has developed a high-throughput (up to 50 Gbps), EVM-compatible Layer 1 blockchain called 0G Chain, along with modular infrastructure like decentralized storage and compute layers, optimized for AI workloads on-chain.
- The investment supports AI-powered DeFi apps, gaming, and broader Web3 AI use cases, ensuring scalability, cost efficiency, and privacy.
The growing interest in leveraging combined AI and blockchain technologies to unlock new decentralized application paradigms is evident in the actions of Web3 venture capitalists (VCs). These VCs are attracted to the complementary strengths of blockchain and AI, which enable new classes of applications with verifiable, privacy-preserving AI computations on decentralized networks.
The convergence of AI and blockchain is reshaping industries rapidly, opening new markets in decentralized finance, gaming, and supply-chain management. Furthermore, the need for secure, decentralized AI systems that address challenges of data centralization, privacy, and governance, which traditional centralized AI platforms cannot fully solve, is driving this investment trend.
The 0G Foundation's activities, which continue to focus on the intersection of artificial intelligence and decentralized finance, reflect this strong VC interest. The fund, which was backed by leading Web3 VCs including Hack VC, Delphi Digital, OKX Ventures, Samsung Next, Bankless Ventures, and Animoca Brands, will back AI-powered decentralised finance apps building on the 0G protocol, a layer-1 blockchain created for decentralized AI projects.
The 0G protocol, ready to support a new wave of AI-powered decentralized applications, according to Michael Heinrich, co-founder and CEO of 0G Labs, is set to launch its mainnet by the first or second quarter of 2025. The rapid growth of AI capabilities and the need for trustless, transparent systems in finance make this an ideal time to accelerate the development of autonomous agents.
In January, the 0G Foundation announced a $30 million AI node sale, and in September, a $40 million extension. The AI Alignment Node Sale has since been completed. The Foundation raised $35 million in a seed round last March.
In conclusion, the $88 million 0G Foundation fund supports AI-driven DeFi and decentralization goals by building blockchain-based AI infrastructure, reflecting strong VC interest in leveraging combined AI and blockchain technologies to unlock new decentralized application paradigms. The 0G Foundation's activities indicate a growing interest in the use of blockchain technology for decentralized AI projects, with a focus on trustless, transparent systems.
- The 0G Foundation, backed by leading Web3 VCs, is using an $88 million fund to invest in AI-powered decentralized finance apps building on the 0G protocol, a layer-1 blockchain created for decentralized AI projects.
- The growing interest in leveraging combined AI and blockchain technologies to unlock new decentralized application paradigms is evident in the actions of Web3 venture capitalists, who are attracted to the complementary strengths of blockchain and AI for projects like the 0G Foundation's.
- The 0G Foundation's activities, such as the $88 million Ecosystem Growth Program and previous fundraisers, reflect a focus on building blockchain-based AI infrastructure to support AI-driven DeFi and decentralization goals, in line with the strong VC interest in this area.
