Counting 64 "Web3+AI" projects that have completed financing in the first half of 2024
In the first half of 2024, driven by the artificial intelligence craze, the U.S. stock market surged, and the S&P 500 index hit 31 record closing highs. NVIDIA, the "first AI stock", has been in the news frequently. Its stock price has soared 149%, entering the US$3 trillion club.
At this time of the trend, today’s technology start-ups almost always talk about AI. Even if they are not focusing on the field of AI, they will emphasize what AI technologies they use. Well-known investment institutions such as a16z no longer specifically set up AI-related funds, because artificial intelligence now plays an important role in almost all startups. As another "hot spot" that cannot be avoided in the technology industry in recent years, the intersection of Web3 and AI is undoubtedly a direction worth exploring. The concept of "AI improves productivity, and Web3 changes production relations" brings endless imagination.
Referring to the "Financing Weekly" column, PANews conducted statistics on the "Web3+AI projects" that received financing in the first half of this year. These projects apply artificial intelligence technology to varying degrees, involving computing power and algorithm infrastructure, data and privacy, DeFi, games and other entertainment products, as well as applications that provide content creation tools, AI Agent/bot and other services. The following will also take stock of a total of 64 "Web3+AI projects" that have completed financing in the first half of 2024 according to this classification method.
20 projects in the infrastructure category, with the highest single financing amount reaching US$85 million
Sentient
An AI research organization dedicated to building open source AI models through community contributions, allowing users to access and contribute models, and providing rewards based on contributions. One of Sentient’s core contributors is Polygon co-founder Sandeep Nailwal. It will be built on Polygon and may also create its own chain through the Polygon Chain Development Kit (CDK). It plans to launch a testnet in the third quarter of this year. Sentient raised $85 million in a seed round co-led by Founders Fund, Pantera Capital and Framework Ventures.
io.net
The Solana ecological DePIN protocol aims to aggregate GPU resources for artificial intelligence (AI) and machine learning (ML) companies, aiming to establish its decentralized GPU network and solve the AI computing shortage problem. io.net completed a $30 million Series A round of financing, led by Hack VC, with participation from Multicoin Capital, Web3.com Ventures and others.
Allora Labs
The decentralized artificial intelligence network is an L1 blockchain built on the Cosmos stack. It changed its name from Upshot to Allora in February this year, and shifted from an NFT evaluation platform to a decentralized artificial intelligence network. Allora’s total financing reached US$35 million.
Ritual
Ritual, a decentralized AI network project, received millions of dollars in additional investment from venture capital firm Polychain Capital this year. The specific amount has not yet been disclosed. It had previously completed US$25 million in financing in November 2023, with Archetype leading the investment and Accomplice and Robot Ventures participating.
Ora
The AI-driven blockchain project aims to integrate AI into centralized applications through its "on-chain AI oracle". Ora completed US$20 million in financing, with participation from Polychain, SevenX Ventures, HF0 and Hashkey Capital.
Airstack
A Web3 developer platform powered by artificial intelligence that allows developers to access and leverage on-chain data using AI-powered natural language requests. Airstack has raised a total of $11 million from investors including Superscrypt and Red Beard Ventures.
GaiaNet
Used to decentrally generate a network of artificial intelligence tools. By allowing individuals around the world to host and manage AI models on edge computing nodes, GaiaNet aims to solve issues such as privacy protection, technology accessibility, and democratization of AI technology. GaiaNet completed a $10 million seed round of financing, with participating investors including EVM Capital, Mirana Ventures, and Mantle EcoFund.
ChainML
An AI R&D company that supports Web3 and aims to decentralize AI access has launched an agent base layer called Theoriq, a framework for autonomous AI agents to complete complex tasks. ChainML raised US$6.2 million in seed round expansion financing, led by Hack VC and participated by Foresight Ventures and others.
REVOX.ai
Modular on-chain AI network. REVOX.ai is committed to combining AI technology with decentralized architecture, aiming to provide more secure and efficient AI solutions. REVOX.ai has raised $6 million from investors including SevenX Ventures, Arweave SCP Ventures, Cointelegraph Acceleration and 7upDAO.
Prime Intellect
A decentralized AI development platform aimed at democratizing AI technology. Prime Intellect has raised $5.5 million, co-led by Distributed Global and Coinfund. Funds and resources will be used to promote its global computing aggregation, distributed training framework development and open AI model collaborative training.
NodeOps
Blockchain node management platform. NodeOps provides AI infrastructure for node operators and developers, aiming to simplify the development process and operation of the Web3 protocol. NodeOps has completed a US$5 million seed round of financing, led by L1D.
Tensorplex Labs
The infrastructure of the decentralized AI network aims to accelerate the development of open, decentralized artificial intelligence networks such as Bittensor. Tensorplex Labs completed a US$3 million seed round of financing, led by Canonical Crypto and Collab+Currency, with participation from Amber Group and others.
Hemera
Web3 infrastructure startup whose Hemera protocol is a Web3 Large Language Model (LLM) operating system built for developers, and SocialScan, a community-owned AI based on the protocol. Hemera has completed a US$2.6 million seed round of financing, led by LIF Capital and Nomad Capital.
PrivateAI
Decentralized AI protocol. PrivateAI has launched an AI-native distributed data platform, aiming to build the world's first domain-specific large-scale language model (LLM) for the longevity industry. PrivateAI has completed a strategic round of financing, with participation from DAO Maker and others. The specific financing amount has not yet been disclosed.
Optopia.ai
AI Layer2 Network. Optopia.ai has launched its mainnet in May, which aims to simplify Web3 operations through AI agents, lower the entry barrier for users, and empower AI agents through a token economic model. Optopia.ai has completed a seed round of financing, with participation from G Ventures and Kucoin Ventures.
KIP Protocol
Focusing on AI's Web3 underlying protocol, the goal is to develop a secure and efficient decentralized Web3 underlying protocol to enable AI creators (data owners, model makers, AI application developers) to deploy their work on Web3 , thereby retaining full digital property rights. KIP Protocol’s strategic round of financing was led by Animoca Ventures, with an undisclosed amount.
ANN Layer2
AINN Layer2, a Bitcoin second-layer network project that supports the large-scale application of decentralized AI, has received investment from institutions such as Amber Group.
NavyAI
The Solana on-chain AI model training platform is dedicated to AI model training and self-learning, providing cost-effective solutions to reduce AI bias, and allowing users to access and train virtual AI models through decentralized GPU resources to improve the accessibility of artificial intelligence. sexual and just innovation. NavyAI has completed a seed round of financing, with participation from X Ventures and others, with an undisclosed amount.
Meson Network
Decentralized physical network. Meson Network says it focuses on DePIN+AI, and its "DePIN" node is developed using user-friendly technology and can accommodate a variety of hardware, such as personal laptops, servers, IoT devices, etc. Meson Network is valued at US$1 billion in a new round of strategic financing led by Presto Labs. The specific financing amount has not been disclosed.
Compute Labs
RWA tokenization protocol with computing as the underlying asset. Compute Labs, incubated by NVIDIA Inception VC Alliance, provides investors with AI computing power benefits by developing enterprise-level AI computing power tokenization protocol CTP and GPU Restaking solutions. At present, CTP has been launched on the Solana test network, the main network is expected to be launched in the third quarter, and TGE will be completed before the end of the year.
10 data categories, many focusing on privacy and security
OpenLedger
Decentralized and permissionless data infrastructure that enables builders to create smarter, more efficient models using verifiable data. OpenLedger raised $8 million in a seed round led by Polychain Capital and Borderless Capital. It is expected to be launched on the mainnet at the end of the year.
FLock
A native Web3 data privacy solution for AI, its "Federated Learning Blocks" (FLocks) research plan uses blockchain as a coordination platform among data holders to perform machine learning while keeping data local and private. FLock raised $6 million in a seed round led by Lightspeed Faction and Tagus Capital, with participation from OKX Ventures and others.
Hyperline
Web3 native data lake development company mainly builds shared storage and computing engines for Web3 developers building AI products and analysis applications to support data application and service functions. Hyperline completed a $5.2 million seed round led by Slow Ventures.
Cookies3
MarketingFi and AI data layer for Web3 enterprises, creators and users. Cookie3 announced that it has received $5.5 million in token financing from investors including The Spartan Group, Animoca Brands, etc.
Privacy
The artificial intelligence-driven data security solution integrates FHEML into the distributed computing power crowdfunding network, and combines it with the independently developed Depin mining machine to form an FHE computing power network that supports all L1 and L2. Privasea's strategic private financing was participated by OKX Ventures, Nomura Group's Laser Digital and SoftBank-backed incubator Tanelabs. It also completed a seed round of financing of US$5 million.
0xScope
The Web3 knowledge graph protocol has released 0xScope V2. The future focus is to provide data support for Web3 AI applications through the proprietary Web3 data layer, and in the process connect AI with Web3. 0xScope completed a $5 million Pre-Series Series A round of financing, led by HashKey Capital, with participation from OKX Ventures, GSR Markets and others.
Ta-da
Ta-da, an AI data market with the "gamification Web3" application model as its core, has completed US$3.5 million in financing. Investors include Morningstar Ventures, the first-layer blockchain protocol MultiversX, GBV Capital, etc.
Inference Labs
Web3 AI startup is committed to making artificial intelligence more accessible and focusing on decentralized and privacy-focused technologies. Inference Labs has completed a $2.3 million Pre-Seed round of financing, led by Digital Asset Capital Management, Delphi Ventures and Mechanism Capital.
PublicAI
The Web3 decentralized artificial intelligence training network aims to use blockchain technology to generate huge amounts of high-quality training data on a large scale and enable anyone to receive rewards by providing data works. PublicAI completed a $2 million seed round of financing, with participation from Solana Foundation and Everstate Capital.
AIT Protocol
AI data infrastructure, the Web3 data infrastructure built on the blockchain is mainly used for data annotation and AI model training, allowing crypto users to receive rewards while participating in tasks and contributing to AI model development and training. Participating investors in AIT Protocol’s new round of financing include Animoca Brands and others.
There are 6 DeFi categories, mainly intention-driven.
Aperture Finance
The AI-driven DeFi platform simplifies DeFi operations through innovative intent-driven methods, allowing users to specify the desired results. Aperture Finance’s total financing amount reaches US$12 million, with supporters including Skyland Ventures, Blockchain Founders Fund and Krypital Group.
onaji
A machine learning platform for smart contract blockchains, a platform has been established for training and deploying AI models that can autonomously participate in DeFi on Ethereum and Layer 2. onaji completed a $2.5 million Pre-Seed round of financing, led by Stratos, with participation from Maven11, Uniswap Labs, IOSG Ventures and others.
XRADERS
Al-driven transaction management and social platform on BNB Chain. XRADERS has completed US$2.1 million in Pre-Seed and seed round financing, with participation from FBG Capital and others.
0xGen
AI-driven DeFi platform. 0xGen has completed strategic financing, with participation from Principle68, Bella Protocol, Phoenix Chain, etc.
AgentFi
Blast ecological AI drives DeFi protocol. AgentFi's first product utilizes the ERC-6551 standard to provide on-chain transaction services and automated services that can generate revenue through NFT-bound wallet accounts. AgentFi has completed its first round of financing, led by Generative Ventures.
Sharpe
AI-driven crypto application designed for professional traders, providing a unified platform for intelligence, investment and automation of digital assets. Sharpe has completed a seed round of financing, with participation from Animoca Brands, GBV Capital and others. The specific amount has not been disclosed.
15 games and entertainment categories, chain games combined with AI become a trend
MetaDinner
The Web3 MMO game platform uses PVE and PVP gameplay and supports functions such as guild DAO governance, sustainable economic system, and in-game AIGC editing. MetaCene completed a $10 million private equity Series A round of financing, led by Folius Ventures and SevenX Ventures.
Raiinmaker
Raiinmaker is building decentralized artificial intelligence tools and Web3 infrastructure to support sports, gaming and entertainment projects. Users can train artificial intelligence from their iOS or Android phones and receive rewards proportional to their impact on the artificial intelligence model. Raiinmaker has raised a total of $10 million in funding, including a $7.5 million seed round co-led by Jump Capital and Cypher Capital.
DeepLink
The decentralized AI cloud game protocol provides ultra-low latency game rendering solutions for 3A games and cloud Internet cafes. It supports 1ms ultra-low latency and 8K high-resolution gaming experience through AI, blockchain and streaming technology. DeepLink has completed angel and Series A financing totaling US$8 million, with a valuation of US$100 million. Investors include Gobi Ventures, Hycons, DBC, ROCK Ventures, etc.
ArenaX Labs
Developer of AI Arena, an AI-driven Web3 competitive game. AI Arena allows users to train their own AI characters to fight. The outcome of each battle depends on the player's skills in training, and is designed to help users understand the operation and learning process of artificial intelligence. ArenaX Labs completed a new round of financing of US$6 million, led by Framework Ventures and participated by SevenX Ventures and others.
Today
Web3 social simulation game is developing smart NPCs and no-code creator tools based on generative AI. Today completed a $5 million seed round of financing, led by Sfermion and Big Brain Holdings.
Studio 369
The developer of the blockchain video game "MetalCore" is developing a dynamic mission system that uses AI to generate unique missions and goals. It is expected to open for game testing at the end of 2024. Studio 369 completed a new round of financing of US$5 million this year, with investors including Delphi Digital, Bitkraft Ventures and Sanctor Capital.
Play AI
An AI and blockchain solution provider focusing on games and virtual reality. Its platform includes Play Markets for data collection, Play Dojo for AI improvement, and Play Hub for seamless AI agent integration. Play AI has completed its first round of financing of US$4.3 million, with participation from P2 Ventures, Jump Crypto and others.
Lottery
Web3 Game Studio specializes in generative AI. It provides technology that integrates artificial intelligence tools into the existing game production ecosystem to automate challenging content creation tasks. Sortium has completed over US$4 million in financing, led by Signum Growth, with participation from Cathie Wood’s ARK Investment Management LLC and others.
GOALAI
Web3 football fantasy game is committed to using blockchain NFT to integrate with real-world football communities, clubs, fans and competitions, and applying AI artificial intelligence to bring potential and commercial value to Web3 football fans. GOALAI has completed US$3 million in financing, led by IDG Capital and participated by KuCoin Ventures and others.
Stage
Web3 music platform. Stage aims to enable both artists and fans to get fair compensation and deep participation by integrating Web3, introducing an earn-while-playing model, RWA and AI music. Stage has completed $2.4 million in financing, with participation from the Solana Foundation and others.
Cell
Full-chain AI games use virtual proof of work (vPOW) asset allocation methods to provide continuous incentives for games within the ecosystem. Cellula completed a $2 million Pre-Seed round of financing, led by SevenX Ventures and OKX Ventures; previously, Cellula also received a Pre-Seed round of strategic investment from Binance Labs through the Binance Incubator project.
EventCHI
Dutch blockchain ticketing platform. By seamlessly integrating artificial intelligence and blockchain, EventCHI provides a unified platform for cashless payments, NFT ticketing and intelligence. EventCHI has completed over 1.6 million euros in seed round financing.
Saltwater Games
A game studio and publisher headquartered in the UK, it consists of three game studios: Nexus Labs, Maze Theory, and Saltwater Labs. Saltwater Labs is an innovative studio focused on developing Web3 and AI emerging technologies. It has received investment from Animoca Brands.
CARV
Focusing on modular data layers in the gaming and AI industries. As the sole author of ERC7231, CARV built the CARV Protocol, which has been integrated with more than 40 chains, Google Cloud, and other identity, storage, infrastructure, and AI ecosystems. It has received support from Temasek's Vertex Ventures, ConsenSys, Tribe Capital, IOSG Ventures, HashKey Capital, Animoca Brands, etc.
Sleepless AI
Web3+AI game platform, which completed a new round of financing led by Folius Ventures, the specific amount was not disclosed. According to its introduction, Sleepless AI is a winner of the Binance MVB V accelerator and has previously completed investments from Binance Labs and Foresight Ventures.
There are 13 application product categories, many of which focus on the creator economy.
MediConCen
A Hong Kong blockchain insurance technology company, it mainly uses the latest artificial intelligence (AI) and blockchain technology to digitize paper and manual claims processes. MediConCen completed US$6.85 million (approximately HK$53.43 million) in Series A financing, led by HSBC Investment Management, with participation from Gaomei Capital and others. Its total financing reached US$12.7 million.
MyShell
The creator-focused Web3 AI platform, which is mainly aimed at content creators and consumers, allows the generation of AI agents or robots. MyShell raised $11 million in a funding round led by Dragonfly.
Bluwhale
AI Web3 startup, Bluwhale, takes a new approach that puts control and revenue in the hands of wallet holders, allowing them to decide whether they want to interact with marketers and monetize their information. Bluwhale has completed a $7 million seed round led by SBI.
Data
Decentralized artificial intelligence search engine. Adot (a.xyz) has raised a total of US$6 million in financing, with Hash Global, SevenX Ventures, Mask Network and others participating in the investment.
Sahara
A decentralized AI network that is trustless, permissionless, and privacy-centric to create customized autonomous knowledge agents (Sahara KA) for individuals and businesses, allowing everyone to leverage their intellectual capital to explore currencies through AI ization and automation opportunities. Sahara has completed a US$6 million seed round of financing, led by Polychain Capital and participated by Samsung Next and others.
YogaPetz
Combining AI's decentralized avatar mind ecosystem, YogaPetz has raised over $5 million in seed funding and NFT sales, with the seed round co-led by Animoca Brands, Newman Group and Soul Capital Partners.
SOAI
The AI social platform aims to focus on reshaping the virtual companion industry ecology through advanced AI technology and creating customized AI soul mates for billions of people around the world. SOAI has completed an institutional angel round of financing of US$5 million, of which Archer Capital invested US$3 million and XForce Capital invested US$2 million.
Bythene
Human-Computer Interaction AI Protocol, which is building an artificial intelligence product protocol to create artificial intelligence-driven 3D avatar agents with autonomous capabilities. Bythen has completed US$3 million in seed round financing, with participating investors including East Ventures, BEENEXT, etc.
Talus Network
A blockchain platform focused on decentralized artificial intelligence, the network aims to leverage the power of Move, emphasizing security, speed and enhanced developer experience to cultivate a diverse smart agent ecosystem for decentralized applications. Talus Network completed US$3 million in financing, with Polychain Capital leading the investment and dao5 and others participating.
SmartLoC
B2B payment solutions based on blockchain and AI, focusing on leveraging technologies such as IoT, blockchain and artificial intelligence to optimize the way businesses conduct financial transactions globally. SmartLoC has completed €1.8 million in financing, led by High-Tech Gründerfonds (HTGF).
imgnAI
Crypto AI platform, image generation robot platform launched at the end of 2022, imgnAI crypto tokens on its website are used to unlock advanced features and directly mint images into NFTs. Crypto AI platform imgnAI has completed a $1.6 million seed round of financing, led by Hack VC.
LinkTo
Web3 traffic aggregation marketing platform, by introducing advanced streaming technology and AI algorithms, LinkTo aims to provide brands and advertisers with a platform that can accurately position and effectively reach target audiences while ensuring data security and user privacy. . LinkTo has completed its seed round of financing, with participation from Adaverse and others.
Creator.bid
Based on blockchain and AI-driven digital content monetization and ownership platform, it supports content creators to build AI-driven digital assets to monetize content and manage writing. It also provides tools to enhance creators’ autonomy over their work and income. rights management. The amount of Creator.bid financing was not disclosed, and investors include Mechanism Capital and others.
This article is reproduced in cooperation with: PANews
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