Key takeaways:
Binance Labs has invested in Sahara AI, a decentralized blockchain platform aimed at promoting open and fair AI.
This investment underscores Binance Labsâ commitment to supporting innovative technologies that address real market needs and deliver lasting business impact.
Binance Labs, the venture capital arm and incubator of Binance, has invested in Sahara AI, a decentralized AI blockchain platform aimed at promoting open and fair AI. The project is building a collaborative AI economy that prioritizes AI sovereignty and origin to ensure safety, fairness, and accessibility for all.
Sahara AI is the first decentralized AI blockchain platform designed to enable individuals and businesses to participate in and benefit from AI advancements. It ensures fair compensation for all contributors, protection of data and model sovereignty, and the ability to securely create, share, and trade AI assets, all while preserving privacy and fostering inclusivity.
More than 35 companies already trust Sahara AI, including Microsoft, Amazon, MIT, Motherson Group, and Snap. The project is growing rapidly and allows participants to contribute to and benefit from the collaborative AI economy.
Sahara Labs, the company behind Sahara AI, will use the new funding to expand its team, improve the performance of its AI-native blockchain, and grow its developer ecosystem.
âBinance Labs is committed to empowering Web3 founders who have the potential to create innovative technology solutions and make a lasting impact. We look forward to supporting Sahara AI, the pioneer of a decentralized AI blockchain platform that is reshaping the future of AI to make it more transparent, secure, and accessible to all,â said Yi He, Co-Founder of Binance and Director of Binance Labs.
âSahara AI is building a collaborative AI economy where everyone can contribute to and benefit from the future of AI. We are grateful to Binance Labs for joining us on this journey. Their support and expertise will be essential to realizing our vision of a more open, fair, and transparent world of AI,â said Professor Sean Ren, CEO of Sahara Labs.
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About Binance Labs
Binance Labs is the venture capital arm and incubator of Binance, dedicated to empowering early-stage projects and leading the growth and development of the Web3 ecosystem. Since its inception in 2018, Binance Labs has consistently maintained a long-term vision and provided strategic support and funding to projects across all market cycles.
As a leader in blockchain and Web3 agnostic venture capital, Binance Labs supports all types of projects from infrastructure to application layers, always focusing on technological innovation with market-fit products and sustainable revenue models.
Binance Labsâ portfolio includes over 250 projects launched in over 25 countries across six continents. Over 65 companies in Binance Labsâ portfolio are projects that have participated in its incubation programs. Subscribe to Binance Labsâ X profile to learn more.
About Sahara AI
Sahara AI is a decentralized AI blockchain platform that prioritizes AI sovereignty and origin to ensure safety, fairness, and accessibility for all users. The project has garnered support from leading investors in the AI ââand crypto sectors, including Pantera Capital, Binance Labs, Polychain Capital, Sequoia Capital, Samsung, Matrix Partners, and more, enabling it to continue pushing the boundaries of decentralized AI. Today, Sahara AI is trusted by over 35 leading technology innovators and research institutions, including Microsoft, Amazon, MIT, Motherson Group, and Snap. Subscribe to Sahara AIâs X Profile to learn more.
About Sahara Labs
Sahara Labs is the AI ââand blockchain infrastructure company behind the Sahara AI project. It is led by USC professor and AI veteran Sean Ren and former Binance Labs CIO Tyler Zhou. Sahara Labs envisions a future where AI is fair, transparent, ethical, and accessible to all through the sovereignty, origin, and open nature of the technology.
Disclaimer: The information provided in this article is for informational purposes only and does not constitute investment advice, an endorsement, analysis or recommendations regarding any financial instruments, investments or issuers. This article may contain forward-looking statements that are inherently subject to risks and uncertainties. Investing in crypto and DeFi projects involves significant risks, including the risk of losing all invested funds. This article does not take into account the investment objectives, financial situation or specific needs of any specific person. Everyone is encouraged to consult their legal and financial advisors before making any investment decision.
