YeagerAI, the developer of the decentralized artificial intelligence network GenLayer, has raised $7.5 million in seed funding led by North Island Ventures, with participation from venture capitalists and angel investors including Node Capital, Arrington Capital, ZK Ventures, WAGMI Ventures, BlockBuilders, and Arthur Hayes’ family office Maelstrom.

The YeagerAI team is pioneering a technology solution called “smart contracts,” a blockchain-based system that uses large language models connected to the internet to execute functions.

GenLayer also leverages artificial intelligence in its custom delegated proof-of-stake algorithm, which randomly selects a chief validator 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.