According to Odaily, GaiaNet, a decentralized artificial intelligence project, has successfully raised $10 million in funding. The investment round saw participation from EVM Capital, Mirana Ventures, Mantle EcoFund, Lex Sokolin of Generative Ventures, and Brian Johnson of Republic Capital.
The newly acquired funds will be used by GaiaNet to develop educational tools for STEM students. Additionally, the funding will support the project's efforts to decentralize AI networks using distributed ledger technology. This move is expected to further enhance the project's capabilities and reach in the AI sector.
GaiaNet's successful funding round underscores the growing interest and investment in decentralized AI projects. The involvement of prominent investors like EVM Capital and Mirana Ventures further validates the potential of GaiaNet's mission. The project's focus on education, particularly for STEM students, is also noteworthy as it aligns with global efforts to promote technology education and innovation.
The use of distributed ledger technology in decentralizing AI networks is a significant aspect of GaiaNet's strategy. This technology is known for its potential to enhance security, transparency, and efficiency, which are crucial elements in the development and operation of AI networks.
In conclusion, GaiaNet's successful funding round is a significant milestone for the project and the broader AI sector. It not only provides the necessary resources for the project's development but also signals the growing recognition and support for decentralized AI initiatives.