BTC PULSE
No Result
View All Result
Play Now
No Result
View All Result
BTC PULSE
No Result
View All Result
Play Now
Home Blockchain

Decentralized AI Protocol GaiaNet Bags $10M from Investors

by Dan K
May 29, 2024 - 12:36 am
in Blockchain
The GaiaNet team celebrates after securing $10 million in funding to develop their decentralized AI network.

Decentralized AI Protocol GaiaNet Bags $10M from Investors

Decentralized AI developer GaiaNet challenges the centralized artificial intelligence status quo by leveraging blockchain tech for a new paradigm.

Funding and Vision

GaiaNet, a provider of decentralized artificial intelligence solutions, has successfully secured $10 million in funding. The funds are earmarked for the development of a blockchain optimized for large language models and generative software. This financial boost will support the creation of a decentralized network of edge nodes managed by private individuals and businesses, promoting a more inclusive and democratized AI environment as opposed to the current centralized systems dominated by tech giants like Google.

Today in San Francisco, CA: a #DeAI project has raised a $10M USD series seed funding round 👏

GaiaNet AI aims to #decentralize current agent software by using a distributed network of edge nodes controlled by individuals and businesses.

Three ways this will forever change the… pic.twitter.com/om7JXD6CvW

— GaiaNet (@Gaianet_AI) May 28, 2024

Redefining AI Engagement

Them CEO Matt Wright shared the company’s ambitious vision, stating their aim to “redefine the way humans and AI engage to enable sovereign infrastructure” for managing artificial intelligence. This initiative underscores GaiaNet’s commitment to empowering individuals and smaller entities with AI tools traditionally controlled by large corporations.

Innovative Educational Tools

Addressing a significant gap in higher education, Them is developing decentralized AI-powered teaching assistants. This innovative effort is part of an ongoing partnership with the University of California, where GaiaNet’s AI chatbots are being integrated to assist STEM students, providing a scalable and effective educational aid.

Investment and Collaboration

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

Future Plans

Having begun its first-phase product testing in Q2 2024, them is poised to release its testnet and software development kit in Q3 2024. This forthcoming launch marks a significant milestone in GaiaNet’s journey to democratize artificial intelligence, making advanced AI capabilities accessible to a broader audience.

Tags: AIBlockchainWeb3
Dan K

Dan K

Dan K, the chief editor, is a visionary wordsmith, shaping narratives with finesse. His discerning eye for detail creates literary masterpieces.

Related Posts

Exterior view of the Czech National Bank building in Prague, symbolizing the institution’s financial strategies and innovation.

Bank of England Governor Says Stablecoins Could Reduce Reliance on Banks

October 1, 2025

Andrew Bailey says stablecoins could reduce UK reliance on commercial banks by separating money from credit, signaling a...

blockchain

Spacecoin Executes First Blockchain Transaction Through Space

October 1, 2025

Spacecoin has achieved the first-ever blockchain transaction through space using a nanosatellite, marking a milestone for decentralization and...

The headquarters of the Autorité des Marchés Financiers (AMF) Investor in Paris, France, the regulatory body warning investors against ByBit.

French Officials Pressured Telegram to Censor Moldova Election Posts: Durov

September 28, 2025

Pavel Durov revealed French intelligence pressured Telegram to censor Moldova election content in 2024, which he refused, citing...

Wall Street financial district with Bitcoin symbol representing institutional adoption

Bitcoin skepticism fades as nations gear up for adoption, says Samson Mow

September 28, 2025

Samson Mow predicts nation-states will move from skepticism to rapid Bitcoin adoption, fueling global FOMO and a rush...

View All
BTC-Pulse LogoTransparent

© 2024 BTC-PULSE. Disclaimer: The content is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice.

Info

  • Learn
  • Price Prediction
  • Events
  • Press Releases
  • Sitemap

Company

  • About Us
  • Terms of Service
  • Privacy Policy
  • Contact Us
  • Advertise

News

  • Altcoins
  • Bitcoin
  • Ethereum
  • NFT
  • Regulation
  • WEB 3.0

©2024 BTC-PULSE – All right Reserved.

No Result
View All Result
  • About Us
  • Advertise
  • BTC-PULSE
  • Contact Us
  • Events
  • Privacy Policy
  • Sitemap
  • Terms of Service