Crypto-AI startup 0G Labs has announced that it has secured $290 million in new funding, which includes $40 million in seed round financing and a $250 million token purchase commitment. 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, among others.

PANews, November 13 - According to The Block, Crypto-AI startup 0G Labs announced that it has secured $290 million in new financing, which includes $40 million in seed funding and a $250 million token purchase commitment. 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, among others.

Michael Heinrich, co-founder and CEO of 0G Labs, stated that the token commitment will be used for the ecological development of the 0G protocol, with the token expected to launch on exchanges next year. The total financing has now reached $325 million, and the new funds will support the expansion of the team to 80 people, driving ecosystem projects such as developer incentives, hackathons, and community building.

0G Labs has completed a $40 million seed round of financing, with participation from OKX Ventures and others.