en.coinotag.com
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0G Labs raised $30.6 million through a landmark node sale, drawing nearly 8,500 buyers and setting a participation record in the crypto space.
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The company has accumulated over $400 million in funding thus far, including a substantial $40 million from a noteworthy VC round in November 2024.
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These funds are earmarked for global node deployment, enhancing decentralized governance, and establishing a new bar for AI agents in the market.
0G Labs launches a successful $30.6 million node sale, reflecting the growing interest in decentralized AI solutions amid significant VC backing.
0G Labs Launches Groundbreaking AI Node Sale
0G Labs, a pioneering entity in AI research, has recently made headlines with various fundraising efforts that highlight a strong investor appetite for cutting-edge technologies. In 2024, the firm emerged as one of the leading beneficiaries of venture capital within the crypto landscape, amassing over $40 million in a significant funding round in November. While the recent node sale totals don’t eclipse this milestone, the achievement is commendable and indicative of robust market interest.
“Almost 85,000 nodes were acquired by approximately 8,500 individual buyers, culminating in a total fundraising achievement of $30.6 million. This event established a new record as the second most substantial count of unique participants in a node sale. The successful raise assures that 0G will initiate operations with a diverse and globally distributed network of node operators poised for engagement,” the firm asserted.
Node sales represent a favored fundraising method within the crypto and Web3 sectors, with firms from different areas actively pursuing this approach. Notably, the DePin project Privasea executed a sellout during its node sale in August, followed by another in October. Similarly, Lumia, a real-world asset (RWA) DeFi protocol, also succeeded with a node sale last year, as did the payments platform Wirex.
However, in recent months, no other AI-focused companies have undertaken such significant sales as 0G Labs has managed. With this sale, coupled with the impressive $40 million from November and numerous earlier seed and pre-seed funding rounds, 0G Labs claims to have surpassed $400 million in total funding.