Decentralized synthetic intelligence protocol Swarm Network raised a complete of $13 million to construct an AI verification protocol.
In accordance to a Wednesday announcement shared with Cointelegraph, $10 million of the raised funds was secured by the protocol’s licenses to function brokers. A mission spokesperson informed Cointelegraph that every license is a non-fungible token (NFT) that enables its holder to receive every day rewards for working brokers and sustaining the community.
The remaining funds comprise a $3 million strategic funding from traders, together with Sui (SUI), Ghaf Capital, Brinc, Y2Z and Zerostage. The investments by Sui, Ghaf and Brinc had been secured by Swarm’s participation in SuiHub’s Dubai-based international accelerator.
Swarm Network is constructing a decentralized protocol that makes an attempt to flip offchain knowledge into verifiable onchain data. The system has seen an early adopter within the AI-powered fact-checking resolution Rollup Information, the place 128,000 customers have reportedly verified over 3 million posts to date.
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Crypto-AI marriage attracts consideration
Blockchain know-how and digital belongings are more and more paired with synthetic intelligence know-how, attracting important investor curiosity. Numerai, an AI-driven hedge fund backed by Paul Tudor Jones, lately secured a commitment of up to $500 million from JPMorgan Asset Administration.
Earlier this month, crypto alternate Kraken acquired Israel-based startup Capitalise.ai, a no-code buying and selling automation platform that turns natural-language instructions into executable methods. Some corporations abandon crypto for AI altogether, with cryptocurrency miner TeraWulf pivoting into AI infrastructure internet hosting in mid-August.
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The rise of crypto AI brokers
AI agents, a time period referring to AI bots which have entry to instruments and may act independently to obtain their targets, are gaining important traction within the crypto house. Earlier this month, Coinbase growth group members Kevin Leffew and Lincoln Murr went so far as to say that AI brokers could become Ethereum’s “biggest power user.”
The statements adopted anticipation after late 2024, when trade executives informed Cointelegraph that AI brokers would gain significant traction this year. Predictions on the time included that such brokers would tackle a extra distinguished position inside decentralized communities and that decentralization would make AI extra reliable.
Journal: Train AI agents to make better predictions… for token rewards
