Polychain Capital and Borderless Capital lead $8 million seed round for blockchain firm OpenLedger

  • 📰 TheBlock__
  • ⏱ Reading Time:
  • 49 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 23%
  • Publisher: 53%

Openledger News

Technology Technology Latest News,Technology Technology Headlines

OpenLedger builds out permissionless and data-focused infrastructure for artificial intelligence development.

The blockchain firm OpenLedger raised $8 million in seed funding in a round led by Polychain Capital and Borderless Capital.

Other participants in the round included HashKey Capital, Finality Capital, Hash3, STIX, MH Ventures, EigenLayer's Sreeram Kannan, Polygon's Sandeep Nailwal, Manta's Kenny Li and others. The seed round makes up OpenLedger's total funding to date. OpenLedger builds permissionless and data-focused infrastructure for artificial intelligence development. The firm will use its seed financing to grow its team and bolster its data pipeline infrastructure that OpenLedger intends to launch on mainnet in the next quarter.

"Data only increases in its relevance as AI becomes more prominent by the day," the OpenLedger team told The Block. "We felt that there was a void waiting to be addressed in the space of data with decentralization, and we see that it is a crucial bridge that will spell the difference between good and best AI models. And it is one of the greatest driving factors for us to conceptualize and create OpenLedger.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 464. in TECHNOLOGY

Technology Technology Latest News, Technology Technology Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Polychain leads $8M seed round for Nubit to enhance blockchain scalability and multichain ecosystemNubit advances blockchain scalability with $12M total funding, integrating major Layer 2 frameworks and supporting multi-chain ecosystems, while pioneering an innovative data availability solution to unlock limitless applications in AI, SocialFi, and...
Source: Cointelegraph - 🏆 562. / 51 Read more »

At the Potomac, Where DC, the Analog Political National Capital, and VC, the Digital Capital, MeetData Centers and AI demand for electricity provide a forcing funciton to roduce policies designed to provide essential reliable, abundant, affordable energy.
Source: hackernoon - 🏆 532. / 51 Read more »