According to ChainCatcher, the decentralized AI infrastructure KIP Protocol announced the completion of a $5 million private equity financing round, led by Animoca Ventures and Tribe Capital. Other investors include GBV Capital, DWF Ventures, Morningstar Ventures, etc. As of now, KIP Protocol has raised a total of $10 million.

As the world's first underlying protocol supporting the decentralized retrieval-augmented generation network (dRAG), KIP Protocol provides the most advanced Web3 infrastructure, enabling App developers, model makers, and data owners to achieve seamless deployment, monetization, and full property rights in Web3. KIP Protocol provides comprehensive tools and services, and is committed to breaking the monopoly barriers in the AI ​​industry and providing a fairer environment for AI developers and consumers. This round of financing will further promote KIP Protocol's mission of decentralized AI development, driving unprecedented applications and innovations by creating powerful and secure decentralized AI solutions.

Previously, KIP Protocol officially announced its cooperation with Moemate, a leading AI Agent entertainment platform, to lead 3 million Web2 AI users into Web3. KIP also obtained the management rights of a $10 million fund provided by Open Campus, and worked together to lay out and develop the "DeAI+Education" map, and worked together to build a leading, decentralized AI-driven online learning education platform OCU, providing a personalized learning experience and redefining decentralized education. Through these collaborations, KIP has realized real use cases for decentralized AI.