PANews reported on November 20 that OpenLayer, a crypto and AI startup founded by three former Robinhood employees, raised $5 million in seed funding. This funding round was participated by firms such as a16z CSX, Geometry, IOSG Ventures, Spartan Group, LongHash Ventures, and other angel investors, with some investors coming from projects like EigenLayer and AltLayer.
OpenLayer focuses on developing an AI data layer that allows users to contribute and verify data through a Chrome extension while protecting privacy and earning rewards. Developers can access the data based on user permissions for AI model training, user targeting, and feature enhancement. The project has launched as an Active Verification Service (AVS) on EigenLayer, attracting over 48,575 participants, with over $10 billion worth of Ethereum staked.
OpenLayer plans to launch a token in the future. The current team size is seven, and they are planning to hire two engineers.
