On-chain AI company, 0G Labs, secures $35M pre-seed investment from more than 40 crypto investors

0G Labs, a company specializing in Web3 modular infrastructure, has announced the successful completion of a pre-seed funding round, raising $35 million. Over 40 crypto-native institutions, including Hack VC and Stanford Builders Fund, participated in the round. The funding will be used to develop 0G Labs’ vision of creating a comprehensive blockchain-based solution for training, deploying, and running artificial intelligence models. The company’s platform boasts significant advantages in terms of speed compared to existing solutions like Ethereum’s smart contract network.
Ed Roman, Managing Partner at Hack V, praised 0G Labs as a pioneer in on-chain generative AI infrastructure. Pre-seeding is typically the first funding round a startup receives, and this $35 million round is one of the largest initial funds raised by a company operating at the intersection of Web3 and AI. For reference, OpenAI, the company behind ChatGPT and Dall-E, raised $120,000 in its pre-seed round in August 2016 and has since achieved a valuation of around $80 billion as of February 2024, thanks to the success of its generative AI technology.
0G Labs’ website introduces one of its upcoming products, “Uni-Chain,” which is described as a Web3 architecture that seamlessly connects networks to create a unified metaverse. Users will be able to transact with other users and services on any chain through single wallet access. The company’s modular technology aims to achieve frictionless interoperability between chains while ensuring security, eliminating fragmentation, and maximizing connectivity for a weightless and open meta-universe.