0G Foundation has garnered over $30 million by selling nodes essential for running its distributed artificial intelligence system, as they shared with CryptoMoon on January 9th.
Approximately 8,500 users purchased around 85,000 individual nodes from the Web3 AI platform at an average cost of about $360 per node.
0G announced that their recent sale represented one of the second largest offerings for a Web3 node and the third largest funding round for decentralized artificial intelligence. This brings their total accumulated funds to approximately $400 million.
0G stated that the Web3 project had secured venture capital funding during its pre-seed and seed stages earlier.
In my role as a researcher, I find it fascinating how the convergence of blockchain and artificial intelligence is garnering escalating attention from venture capital firms with a keen interest in cryptocurrency. These VCs pumped approximately $213 million into AI-centric startups during the third quarter of 2024, as reported by Messari, my go-to source for crypto research insights.
Node economics
0G announced that node purchasers were given unique digital assets, or Non-Fungible Tokens (NFTs), which serve as proof of ownership on the nodes. As compensation for keeping 0G’s decentralized artificial intelligence system operational, node operators may earn up to 15% of the total 0G tokens produced over the next three years.
0G stated that by keeping an eye on AI actions and identifying any departures from established procedures or moral guidelines, these nodes can effectively deter AI from engaging in dishonest or harmful behavior.
“They also play a critical role in supporting the overall robustness and censorship resistance of the 0G network by distributing control over AI alignment.”
Transformative technology
2025 is expected to witness a significant transformation of the Web3 landscape, driven by the rise of agentic AI. Key applications like cryptocurrency staking and on-chain trading are likely to surface as pioneering examples of this change.
By the end of December, it’s estimated that around 10,000 artificial intelligence (AI) agents are residing in Web3, jointly amassing millions of dollars weekly through online transactions, as suggested by a report published by VanEck.
By the year 2025, it’s anticipated that over a million artificial intelligence (AI) agents will be present on blockchain networks, according to the asset manager’s forecast.
According to J.D. Seraphine, CEO of Raiinmaker, a Web3 AI development company, it’s anticipated that AI agents will become increasingly significant within decentralized communities, as shared in an interview with CryptoMoon in December.
According to Michael Casey, co-founder of the Decentralized AI Society, they may encounter obstacles such as regulatory issues and potential centralization threats when moving forward. (CryptoMoon)
Casey stated that if we don’t adopt decentralization, centralized systems, particularly those not aligned with our needs, could lead us towards disastrous outcomes, and this is especially true in the context of Artificial Intelligence.
Read More
- HBAR PREDICTION. HBAR cryptocurrency
- IMX PREDICTION. IMX cryptocurrency
- XDC PREDICTION. XDC cryptocurrency
- MNT PREDICTION. MNT cryptocurrency
- TRB PREDICTION. TRB cryptocurrency
- FLOKI PREDICTION. FLOKI cryptocurrency
- JTO PREDICTION. JTO cryptocurrency
- LDO PREDICTION. LDO cryptocurrency
- OKB PREDICTION. OKB cryptocurrency
- Dandadan Shares First Look at Season Finale: Watch
2025-01-09 20:18