According to Foresight News, decentralized artificial intelligence network GenLayer has successfully raised $7.5 million in a seed funding round led by North Island Ventures. The funding round also saw participation from Node Capital, Arrington Capital, ZK Ventures, WAGMI Ventures, BlockBuilders, Arthur Hayes, and Maelstrom.

GenLayer, developed by YeagerAI, aims to support a new type of application that interacts with real-time information using non-deterministic smart contracts and a customized delegated proof-of-stake algorithm. This innovative approach is designed to enhance the capabilities and efficiency of decentralized applications by leveraging advanced AI and blockchain technologies.

The successful funding round highlights the growing interest and investment in decentralized AI networks, which are seen as a crucial component in the evolution of blockchain technology. The involvement of prominent investors and venture capital firms underscores the potential and promise of GenLayer's technology in the rapidly evolving tech landscape.