Private investment firm cyber.Fund has established a new fund aimed at supporting blockchain, artificial intelligence, and robotics.
Pioneering the Cybernetic Economy
In a blog announcement, the Belarus-headquartered firm said the new venture aims to support innovative projects that are leveraging robotics-related solutions to ensure a “healthy transformation to a cybernetic economy that benefits humanity.”
A $100 Million Commitment
According to the company, the new $100 million venture fund will be focused on advanced cryptography systems such as zero-knowledge and fully homomorphic encryption, decentralized finance, network states, data marketplaces, robotics, artificial intelligence (AI) systems, and other aspects of emerging technological markets.
Vision for a Transformative Future
“We foresee the emergence of a deeply interconnected and automated economy, radically transforming our current state over the next few decades,” said cyber.Fund co-founder Konstantin Lomashuk.
cyber.Fund’s Track Record
Founded in 2014, cyber.Fund is led by Konstantin Lomashuk and Vasiliy Shapovalov and has reportedly backed Ethereum, P2P.org, Lido DAO, Dfinity, Cosmos as well as Solana, LazyLedger, and other category-defining projects. With the latest venture, cyber.Fund anticipates the emergence of scalable blockchain networks, new cryptographic schemes, and an “explosion of intelligent computation from LLMs [large language models].”
Rising Interest in AI Tokens
Meanwhile, the crypto market is witnessing a surge in interest in artificial intelligence (AI) tokens, with several digital assets experiencing a 500% growth in 2023. As reported by crypto.news, the appeal of AI tokens in 2023 can be attributed to the rapid advancements in technologies and their integration into distributed ledgers, promising new solutions and investment opportunities.
Shaping the Future of Technology and Economy
In conclusion, cyber.Fund’s significant investment marks a pivotal step in the evolution of technology and finance. By injecting $100 million into emerging fields like blockchain, AI, and robotics, the firm is not only fostering innovation but also contributing to the creation of a more interconnected and automated future. This move is expected to catalyze advancements in various sectors, leading to the development of a robust cybernetic economy. As technology continues to evolve at a rapid pace, cyber.Fund’s commitment underscores the growing importance and potential of integrating cutting-edge technologies into our economic and social structures, paving the way for transformative changes in the years to come.