In a significant move within the technology and investment sectors, ZeroGravity (0G) has successfully raised $30 million through its recent sale of nearly 85,000 nodes. The node sale, which concluded on Monday, attracted approximately 8,500 operators who will benefit from newly issued non-fungible tokens (NFTs) that symbolize ownership of these nodes. This development follows a noteworthy $35 million seed and pre-seed funding round disclosed in March 2024, which garnered participation from over 40 web3 venture capitalists including Hack VC, Stanford Builders, Dispersion Capital, OKX Ventures, NGC Holdings, and Foresight Ventures.
0G is actively engaged in constructing an on-chain scaling infrastructure tailored for AI-driven Web3 applications. Their framework includes a data availability layer complemented by a general-purpose storage layer and a data publishing lane, effectively addressing the balance between scalability and security—an issue pivotal in the ongoing evolution of blockchain technology.
According to reports from Cointelegraph, node operators are set to receive up to 15% of the total supply of 0G tokens over the next three years. The company articulated the functional significance of these nodes in a formal statement, asserting that they would "monitor AI behaviour and detect deviations from expected protocols or ethical standards," thereby preventing potential malfeasance within AI operations.
0G further elaborated on the nodes' contribution to the network's integrity, claiming they "play a critical role in supporting the overall robustness and censorship resistance of the 0G network by distributing control over AI alignment." This underscores the nodes' importance not merely in operational terms, but as a safeguard against potential ethical breaches in artificial intelligence applications.
The timing of this node sale aligns with a trend among venture capital firms to amplify investments in the confluence of blockchain technology and artificial intelligence. Notably, in February 2024, Hack VC had announced the closing of a $150 million fund specifically aimed at fostering early-stage ventures intersecting Web3 and AI.
As these developments unfold, they reflect broader trends in the evolving landscape of technology and investment, with implications for businesses operating in these realms.
Source: Noah Wire Services