PANews reported on November 13 that according to The Block, Crypto-AI startup 0G Labs announced that it had received $290 million in new financing, including $40 million in seed round financing and $250 million in token purchase commitments. The project aims to build a decentralized AI operating system (dAIOS) to support the development of on-chain AI applications. Investors in 0G Labs include Hack VC, Delphi Digital, OKX Ventures, Samsung Next, Bankless Ventures, Animoca Brands and its co-founder Yat Siu, Polygon and its co-founder Sandeep Nailwal, Stanford Blockchain Fund, Abstract VC, Alchemy, Blockdaemon, Foresight Ventures, etc.
Michael Heinrich, co-founder and CEO of 0G Labs, said that the tokens will be used for the ecological development of the 0G protocol, and the tokens are expected to be listed on exchanges next year. The total amount of financing has reached 325 million US dollars. The new funds will support the team to expand to 80 people and promote ecological projects such as developer incentives, hackathons and community building.
