As the crypto space heats back up, so has funding for new startups. 0G Labs, a web3 infrastructure firm,” has raised $35 million in a pre-seed round, the team exclusively told TechCrunch.
If $35 million sounds like a lot for a pre-seed round, it really is. “In order to build the basic technology, we wanted to raise $5 million, originally,” said 0G co-founder Michael Heinrich.
0G, sometimes called ZeroGravity, is creating a modular AI blockchain that aims to alleviate the pain points of on-chain AI applications in the web3 ecosystem, like speed and cost efficiency. Competitors include Celestia and EigenLayer, which are also …
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