๐ŸŽ‰ GenLayer has just secured $7.50M in its latest funding round! ๐ŸŽ‰

๐Ÿ”นAbout: GenLayer aims to redefine smart contracts by introducing Intelligent Contracts. Unlike traditional smart contracts, which are limited in their capabilities, Intelligent Contracts can connect to the internet, process real-world natural language data, and perform complex operations. GenLayer leverages Large Language Models (LLMs) to achieve this feat. These LLMs allow Intelligent Contracts to access the internetโ€™s knowledge, making decentralized decision-making possible. The project recently closed a $7.5 million seed round led by North Island Ventures, positioning it as the First Intelligent Blockchain. GenLayerโ€™s unique consensus algorithm, called Optimistic Democracy, involves multiple validators collaborating to verify each otherโ€™s work, enabling consensus on subjective tasks. The platform is set to launch a testnet by the end of this year, marking a significant milestone in creating the future of decentralized applications powered by AI.๐Ÿš€

๐Ÿ”น Lead Investors: Arrington XRP Capital, Maelstrom, North Island Ventures, WAGMI ventures and many more.

๐Ÿ”น Total Raised: $7.50M.

๐Ÿ”น Project Category: Artificial Intelligence (AI), Layer-1.

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