Decentralized AI network GenLayer development company YeagerAI completes a $7.50 million seed round financing, led by North Island Ventures.

On August 20, according to The Block, YeagerAI, the development company of the decentralized artificial intelligence network GenLayer, completed a $7.50 million seed round of financing, led by North Island Ventures, with participation from Node Capital, Arrington Capital, ZK Ventures, WAGMI Ventures, BlockBuilders, and Maelstrom, the family office of Arthur Hayes.

The YeagerAI team is pioneering a technology solution called "smart contracts," which is a blockchain-based system that uses large language models connected to the internet to execute functions. GenLayer also utilizes artificial intelligence in its customized delegated proof-of-stake algorithm, where a chief validator is randomly selected to propose an output, which is then voted on by four other validators connected to different large language models. If the subjective output receives majority support, the transaction is processed.