Web3Go, an AI-backed blockchain data startup, raises $4M.
Web3Go, a blockchain company that provides data tools supported by artificial intelligence (AI), has successfully raised $4 million in a seed funding round. The round was led by Binance Labs and included participation from HashKey Capital, NGC, Shima Capital, IVC, LIF, Big Brain Holdings, and Archerman Capital, as mentioned in a press release.
This funding round comes at a time when infrastructure providers have demonstrated their resilience in an investment landscape that has been significantly affected by the prolonged decline in the cryptocurrency market. Last month, AI compute protocol Gensyn raised $43 million in a funding round led by the prominent investment firm Andreessen Horowitz.
Web3Go, based in Singapore and a graduate of one of Binance Labs’ incubation programs, aims to leverage blockchain technology to simplify the process of verifying ownership of AI-native digital assets. Additionally, the company offers a suite of data tools that facilitate the creation of such assets. These tools include real-time data processing capabilities that serve as a framework for both on-chain and off-chain data computation and information flows. The company also provides a digital curation protocol that manages the verification of ownership and the transfer of data sets and digital assets.
Web3Go’s native asset creation platform, DIN, is expected to be released in beta by the end of this month. By the end of the third quarter, DIN will incorporate real-time on-chain trading data, which users can utilize to generate AI-assisted trading information, strategies, and robots. The company’s data solutions are already being used within the BNB Chain and Polygon ecosystems.
- Telescope Labs reveals GPT 4-powered tool for analyzing and grading Web3 games.
- EVENTZ Concert App now offers blockchain rewards to Harry Styles’ fans.
- Hong Kong Government establishes Web3 Development Task Force. Could it become the next crypto hub?
Edited by Stephen Alpher.