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On March 26, 2024, the Web3 modular infrastructure startup 0G secured $35 million in funding from over 40 strategic backers. Representing “zero gravity,” 0G is dedicated to enhancing infrastructure scalability through modular design. Its primary focus is on addressing the essential challenges necessary for the deployment of onchain artificial intelligence (AI) solutions within the Web3 space.
0G Secures $35 Million to Scale Web3 Infrastructure, Aims to Unlock Onchain AI Potential
0G, which stands for “zero gravity,” has successfully garnered $35 million in investments from a notable group of strategic investors. This group includes Hack VC, Stanford Builders Fund, Alliance, Orange, Symbolic Capital, Delphi Digital, Dao5, Gumi, Dispersion Capital, Okx Ventures, GSR, DWF, and Animoca. Furthermore, No Limit Holdings, Arca, NGC, Paramita, Foresight, Crypto Banter, Joe Takayama, Santiago Santos, and Abstract Ventures also contributed to the funding round.
Central to 0G’s mission is the enhancement of infrastructure scalability through modular designs, alongside tackling the fundamental issues essential for the deployment of onchain artificial intelligence (AI) applications within the Web3 domain. The team shared with Bitcoin.com News that it has engineered a solution that addresses a prevalent dilemma in technology: balancing scalability, or the capability to manage vast amounts of data, with the need for robust security.
0G disclosed that it has approached this challenge by devising a data availability layer that bifurcates into a general-use storage component and a distinct segment dedicated to data publication. This division, according to 0G, enables the efficient and secure processing of substantial data volumes. The system is reportedly designed to guarantee immediate access to any data piece without compromising on speed or security, an advancement 0G deems vital for fostering dependable AI on blockchain technology.
Presently, 0G claims that its method stands unparalleled in supporting the reliable development of AI technologies. Additionally, 0G highlights its technological prowess, by claiming a data processing speed of 50 gigabytes per second — vastly outstripping its rivals’ 1.5 megabytes per second capacity. Moreover, 0G asserts that it achieves this feat at a cost that is significantly lower, by 100 times, compared to its competitors.
“0G is positioned as the premier modular data availability solution for Web3, including the next frontier of crypto-powered AI networks,” Ed Roman, the managing partner at Hack VC remarked on Tuesday. “Their data availability technology has shown to achieve speeds 1000x+ faster and cheaper than ETH L1, which is simply phenomenal.”
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