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Cayman Islands-based Cyber.Fund additionally joined the seed spherical.
Eidon’s first model additionally went reside on Tuesday, as a part of the announcement.
Eidon’s platform incentivises customers to share their information for coaching AI fashions.
Eidon, a Web3 AI startup incentivising customers to share their information for coaching AI fashions has raised $3.5 million in a seed spherical led by Framework Ventures. Cayman Islands-based Cyber.Fund additionally joined the spherical.
The corporate is constructing a decentralised synthetic intelligence community that permits customers to submit new information, together with high-quality hand motions or object interactions, which is then introduced to others for auditing and authentication.
The corporate plans to make use of the brand new funding to put down the “basis for what Eidon will turn out to be, beginning with information.” Eidon’s first model additionally went reside on Tuesday, as a part of the announcement.
Commenting on the announcement, Eidon co-founder Sam Padilla informed The Block: “The tip objective is a totally built-in decentralized AI community — far past simply information. We wish to construct an unbreakable chain of contributions for the creation of AI fashions; the place individuals can contribute information, compute, storage, code, fashions and way more. All the worth generated by the fashions created within the community trickling again to all contributors.”
The announcement comes at a time when the crypto market is on a bull run with all main cryptocurrencies experiencing important good points in value to the greenback.
It additionally builds on the robust fundraising exercise seen in October, within the lead-up to the U.S. presidential election, whose consequence the crypto neighborhood has acquired positively following Trump’s huge win.
Many Web3 VC corporations this yr have focused funding on the intersection of blockchain know-how and synthetic intelligence, and Eidon joins a rising listing of Web3 AI startups which have raised funds this yr together with House and Time, YeagerAI and Hyperbolic, amongst others.
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