A list of 64 Web3+AI financing projects in the first half of 2024

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PANews
4 days ago
This article is approximately 3449 words,and reading the entire article takes about 5 minutes
More than half focus on infrastructure and gaming and entertainment

Original author: Zen, PANews

In the first half of 2024, driven by the AI boom, the US stock market soared, with the SP 500 hitting 31 record closing highs. Nvidia, the first AI stock, was frequently in the news, with its stock price soaring 149% and entering the $3 trillion club.

The trend is just right. Todays technology startups almost always talk about AI. Even if they are not focused on the AI field, they will emphasize which AI technologies they use. Well-known investment institutions such as a16z no longer set up AI-related funds, because artificial intelligence now plays an important role in almost all startups. As another hot spot that the technology industry cannot avoid in recent years, the intersection of Web3 and AI is undoubtedly a direction worth exploring. The concept of AI improves productivity, Web3 changes production relations gives people endless reverie.

Referring to the Funding Weekly Report column, PANews has counted the Web3+AI projects that received financing in the first half of this year. These projects apply artificial intelligence technology to varying degrees, involving computing power and algorithm infrastructure, data and privacy, DeFi, entertainment products such as games, and applications that provide content creation tools, AI Agent/bot and other services. The following will also review the 64 Web3+AI projects that completed financing in the first half of 2024 according to this classification method.

20 infrastructure projects, with the highest single financing amount reaching US$85 million

Sentient

An AI research organization dedicated to building open source AI models through community contributions, allowing users to access and contribute models, and providing rewards based on contributions. One of Sentients core contributors is Polygon co-founder Sandeep Nailwal. It will be built on Polygon and may also create its own chain through the Polygon Chain Development Kit (CDK), with plans to launch a testnet in the third quarter of this year. Sentient raised $85 million in a seed round of financing co-led by Founders Fund, Pantera Capital, and Framework Ventures.

io.net

Solana Ecosystem DePIN Protocol aims to aggregate GPU resources for artificial intelligence (AI) and machine learning (ML) companies, aiming to build its decentralized GPU network and solve the AI computing shortage problem. io.net has completed a $30 million Series A financing round, led by Hack VC, with participation from Multicoin Capital, Web3.com Ventures and others.

Allora Labs

The decentralized artificial intelligence network is an L1 blockchain built on the Cosmos stack. It changed its name from Upshot to Allora in February this year and shifted from an NFT evaluation platform to a decentralized artificial intelligence network. Alloras total financing reached US$35 million.

Ritual

Decentralized AI network project, Ritual received millions of dollars in additional investment from venture capital firm Polychain Capital this year, the specific amount has not yet been disclosed. It had previously completed a $25 million financing in November 2023, led by Archetype, with participation from Accomplice and Robot Ventures.

Ora

An AI-driven blockchain project that aims to integrate AI into decentralized applications through its “on-chain AI oracle”. Ora has completed a $20 million financing round, with participation from Polychain, SevenX Ventures, HF 0 and Hashkey Capital.

Airstack

An AI-powered Web3 developer platform that allows developers to access and utilize on-chain data using AI-powered natural language requests. Airstack has raised a total of $11 million from investors including Superscrypt and Red Beard Ventures.

GaiaNet

Used to decentralize the generation of artificial intelligence tool networks. By allowing individuals around the world to host and manage AI models on edge computing nodes, GaiaNet aims to address issues such as privacy protection, technology accessibility, and democratization of AI technology. GaiaNet has completed a $10 million seed round of financing, with investors including EVM Capital, Mirana Ventures, and Mantle EcoFund.

ChainML

The Web3-enabled AI RD company, which aims to decentralize AI access, has launched an agent base layer called Theoriq, a framework for autonomous AI agents to complete complex tasks. ChainML raised $6.2 million in a seed round of extended financing, led by Hack VC and participated by Foresight Ventures.

REVOX.ai

Modular on-chain AI network. REVOX.ai is committed to combining AI technology with decentralized architecture to provide safer and more efficient AI solutions. REVOX.ai has raised $6 million from investors including SevenX Ventures, Arweave SCP Ventures, Cointelegraph Acceleration, and 7 upDAO.

Prime Intellect

A decentralized AI development platform that aims to democratize AI technology. Prime Intellect has raised $5.5 million, led by Distributed Global and Coinfund. The funds and resources will be used to promote its global computing aggregation, distributed training framework development, and open AI model collaborative training.

NodeOps

Blockchain node management platform. NodeOps provides AI infrastructure for node operators and developers, aiming to simplify the development process and operation of Web3 protocols. NodeOps has completed a $5 million seed round of financing, led by L1 D.

Tensorplex Labs

The infrastructure of decentralized AI networks aims to accelerate the development of open, decentralized artificial intelligence networks such as Bittensor. Tensorplex Labs has completed a $3 million seed round of financing, led by Canonical Crypto and Collab+Currency, with participation from Amber Group and others.

Hemera

Web3 infrastructure startup, whose Hemera protocol is a Web3 large language model (LLM) operating system built for developers, and SocialScan is a community-owned AI based on the protocol. Hemera has completed a $2.6 million seed round of financing, led by LIF Capital and Nomad Capital.

PrivateAI

Decentralized AI protocol. PrivateAI has launched an AI-native distributed data platform, aiming to build the worlds first domain-specific large language model (LLM) for the longevity industry. PrivateAI has completed a strategic round of financing, with participation from DAO Maker and others, and the specific amount of financing has not yet been disclosed.

Optopia.ai

AI Layer 2 Network. Optopia.ai launched its mainnet in May, aiming to simplify Web3 operations through AI agents, lower the entry barrier for users, and empower AI agents through token economic models. Optopia.ai has completed its seed round of financing, with participation from G·Ventures and Kucoin Ventures.

KIP Protocol

Focusing on the Web3 underlying protocol for AI, the goal is to develop a secure and efficient decentralized Web3 underlying protocol that enables AI creators (data owners, model makers, AI application developers) to deploy their work on Web3, thereby retaining full digital property rights. KIP Protocols strategic round of financing was led by Animoca Ventures, and the amount was not disclosed.

AINN Layer 2

AINN Layer 2, a Bitcoin second-layer network project that supports large-scale application of decentralized AI, has received investment from Amber Group and other institutions.

NavyAI

Solana is an on-chain AI model training platform dedicated to AI model training and self-learning, providing cost-effective solutions to reduce AI bias. Through decentralized GPU resources, users can access and train virtual AI models to improve the accessibility and fair innovation of artificial intelligence. NavyAI has completed its seed round of financing, with X Ventures and others participating, and the amount has not been disclosed.

Meson Network

Decentralized physical network. Meson Network claims to focus on DePIN+AI, and its DePIN nodes are developed with user-friendly technology and can accommodate a variety of hardware, such as personal laptops, servers, IoT devices, etc. Meson Network is valued at $1 billion in a new round of strategic financing led by Presto Labs, and the specific amount of financing has not been disclosed.

Compute Labs

Compute Labs is an RWA tokenization protocol based on computing assets. Incubated by the NVIDIA Inception VC Alliance, Compute Labs provides investors with AI computing power returns by developing enterprise-level AI computing power tokenization protocol CTP and GPU Restaking solutions. Currently, CTP has been launched on the Solana test network, and the main network is expected to be launched in the third quarter, and TGE will be completed before the end of the year.

10 data categories, many of which focus on privacy and security

OpenLedger

Decentralized and permissionless data infrastructure enables builders to create smarter and more efficient models using verifiable data. OpenLedger raised $8 million in a seed round led by Polychain Capital and Borderless Capital. It is expected to launch the mainnet by the end of the year.

FLock

A native Web3 data privacy solution for AI, its Federated Learning Blockchain (FLocks) research program uses blockchain as a coordination platform between data holders to perform machine learning while keeping data local and private. FLock raised $6 million in seed round financing, led by Lightspeed Faction and Tagus Capital, with participation from OKX Ventures and others.

Hyperline

Web3 native data lake development company, mainly for Web3 developers building AI products and analytical applications to build shared storage and computing engines to support data applications and service functions. Hyperline completed a $5.2 million seed round of financing, led by Slow Ventures.

Cookies 3

MarketingFi and AI data layer for Web3 businesses, creators and users. Cookie 3 announced that it has received $5.5 million in token financing from investors including The Spartan Group, Animoca Brands, etc.

Privasea

The AI-driven data security solution integrates FHEML into the distributed computing power crowdfunding network, and combines it with the self-developed Depin mining machine to form a FHE computing power network that supports all L1 and L2. Privaseas strategic private equity financing was participated by OKX Ventures, Laser Digital under Nomura Group, and Tanelabs, an incubator backed by SoftBank. It also completed a $5 million financing in the seed round.

0x Scope

Web3 knowledge graph protocol, 0x Scope V2 has been released. The future focus is to provide data support for Web3 AI applications through a proprietary Web3 data layer, and connect AI with Web3 in the process. 0x Scope has completed a $5 million Pre-Series A round of financing, led by HashKey Capital, with participation from OKX Ventures, GSR Markets and others.

Ta-da

Ta-da, an AI data marketplace centered on the “gamified Web3” application model, has raised $3.5 million in funding from investors including Morningstar Ventures, first-layer blockchain protocol MultiversX, GBV Capital, and others.

Inference Labs

Web3 AI startup Inference Labs, which is committed to making artificial intelligence more accessible and focusing on decentralized and privacy-centric technologies, has raised $2.3 million in Pre-Seed funding led by Digital Asset Capital Management, Delphi Ventures, and Mechanism Capital.

PublicAI

Web3 decentralized AI training network aims to use blockchain technology to generate massive amounts of high-quality training data on a large scale, and enable anyone to earn rewards by providing data works. PublicAI has completed a $2 million seed round of financing, with participation from Solana Foundation and Everstate Capital.

AIT Protocol

AI data infrastructure, Web3 data infrastructure built on blockchain is mainly used for data annotation and AI model training, allowing crypto users to participate in tasks and contribute to AI model development and training while being rewarded. Participants in AIT Protocols new round of financing include Animoca Brands and others.

6 DeFi categories, mainly intention-driven

Aperture Finance

The AI-driven DeFi platform simplifies DeFi operations through an innovative intent-driven approach, allowing users to specify the desired results. Aperture Finances total financing amount has reached US$12 million, and its supporters include Skyland Ventures, Blockchain Founders Fund, and Krypital Group.

onaji

A machine learning platform for smart contract blockchains, it has built a platform for training and deploying AI models that can autonomously participate in DeFi on Ethereum and Layer 2. onaji has completed a $2.5 million Pre-Seed round of financing, led by Stratos, with participation from Maven 11, Uniswap Labs, IOSG Ventures, and others.

XRADERS

An AI-driven trading management and social platform on BNB Chain. XRADERS has completed $2.1 million in Pre-Seed and Seed rounds of financing, with participation from FBG Capital and others.

0x Gen

AI-driven DeFi platform. 0x Gen has completed strategic financing, with participation from Principle 68, Bella Protocol, Phoenix Chain, etc.

AgentFi

Blast Ecosystem AI drives DeFi protocol. AgentFis first product uses the ERC-6551 standard to provide on-chain transaction services and automated services that can generate revenue through wallet accounts bound to NFTs. AgentFi has completed its first round of financing, led by Generative Ventures.

Sharpe

AI-driven crypto applications designed for professional traders, providing a unified platform for smart, investment and automated digital assets. Sharpe has completed its seed round of financing, with Animoca Brands, GBV Capital and others participating, and the specific amount has not been disclosed.

15 games and entertainment categories, blockchain games combined with AI become a trend

MetaCene

Web3 MMO gaming platform, which adopts PVE and PVP gameplay, supports guild DAO governance, sustainable economic system and in-game AIGC editing. MetaCene has completed a $10 million private Series A financing, led by Folius Ventures and SevenX Ventures.

Raiinmaker

Raiinmaker is building decentralized AI tools and Web3 infrastructure to support sports, gaming, and entertainment projects. Users can train AI through iOS or Android phones and receive rewards proportional to their impact on AI models. Raiinmaker has raised a total of $10 million, including a $7.5 million seed round co-led by Jump Capital and Cypher Capital.

DeepLink

A decentralized AI cloud gaming protocol that provides ultra-low latency game rendering solutions for 3A games and cloud internet cafes. It supports ultra-low latency of 1 ms and 8K high-resolution gaming experience through AI, blockchain and streaming technology. DeepLink has completed a total of $8 million in angel and A rounds of financing, with a valuation of $100 million. Investors include Gobi Ventures, Hycons, DBC, ROCK Ventures, etc.

ArenaX Labs

Developer of AI Arena, an AI-driven Web3 competitive game. AI Arena allows users to train their own AI characters to fight, and the outcome of each battle depends on the players skills in training. It aims to help users understand the operation and learning process of artificial intelligence. ArenaX Labs has completed a new round of financing of US$6 million, led by Framework Ventures and participated by SevenX Ventures and others.

Today

Web3 social simulation game, developing intelligent NPCs and code-free creator tools based on generative AI. Today, it has completed a $5 million seed round of financing, led by Sfermion and Big Brain Holdings.

Studio 369

The developer of the blockchain video game MetalCore, which is developing a dynamic mission system that uses AI to generate unique tasks and objectives, is expected to open game testing at the end of 2024. Studio 369 completed a new round of financing of US$5 million this year, with investors including Delphi Digital, Bitkraft Ventures and Sanctor Capital.

Play AI

A provider of AI and blockchain solutions focused on games and virtual reality, the platform includes Play Markets for data collection, Play Dojo for AI improvement, and Play Hub for seamless AI agent integration. Play AI has completed a $4.3 million first round of financing, with participation from P2 Ventures, Jump Crypto, and others.

Sortium

A Web3 game studio focused on generative AI, Sortium provides technology that integrates AI tools into the existing game production ecosystem to automate challenging content creation tasks. Sortium has completed over $4 million in financing, led by Signum Growth and participated by Cathie Woods ARK Investment Management LLC.

GOALAI

Web3 football fantasy game, dedicated to using blockchain NFT to integrate with real-world football communities, clubs, fans and competitions, applying AI artificial intelligence, to bring potential and commercial value to Web3 football enthusiasts. GOALAI has completed $3 million in financing, led by IDG Capital and participated by KuCoin Ventures and others.

Stage

Web3 music platform. Stage aims to integrate Web3 to allow artists and fans to get fair compensation and participate deeply, introducing the earn-while-playing model, RWA and AI music. Stage has completed $2.4 million in financing, with participation from the Solana Foundation and others.

Cellula

The full-chain AI game uses virtual proof-of-work (vPOW) asset distribution to provide continuous incentives for games within the ecosystem. Cellula has completed a $2 million Pre-Seed round of financing, led by SevenX Ventures and OKX Ventures; previously, Cellula also received strategic investment from Binance Labs Pre-Seed through the Binance Incubator project.

EventCHI

Dutch blockchain ticketing platform. By seamlessly integrating artificial intelligence and blockchain, EventCHI provides a unified platform for cashless payments, NFT ticketing, and intelligence. EventCHI has completed a seed round of financing of over 1.6 million euros.

Saltwater Games

A UK-based game studio and publisher, it consists of three game studios: Nexus Labs, Maze Theory, and Saltwater Labs. Saltwater Labs is an innovative studio focused on developing emerging technologies in Web3 and AI. It has received investment from Animoca Brands.

CARV

Focusing on the modular data layer for the gaming and AI industries. As the sole author of ERC 7231, CARV built the CARV Protocol, which has been integrated with more than 40 chains, Google Cloud, and other identity, storage, infrastructure, and AI ecosystems. It has received support from Temaseks Vertex Ventures, ConsenSys, Tribe Capital, IOSG Ventures, HashKey Capital, Animoca Brands, etc.

Sleepless AI

Web3+AI gaming platform, which has completed a new round of financing led by Folius Ventures, the specific amount of which has not been disclosed. According to its introduction, Sleepless AI is the winner of Binance MVB V Accelerator and has previously completed investments from Binance Labs and Foresight Ventures.

13 application products, many of which focus on creator economy

MediConCen

MediConCen, a Hong Kong blockchain insurance technology company, mainly uses the latest artificial intelligence (AI) and blockchain technology to digitize paper and manual claims processes. MediConCen has completed a US$6.85 million (approximately HK$53.43 million) Series A financing, led by HSBC Investment Management and participated by Gaomei Capital, with a total financing amount of US$12.7 million.

MyShell

A creator-focused Web3 AI platform that is primarily oriented toward content creators and consumers, allowing the generation of AI agents or bots. MyShell raised $11 million in a round led by Dragonfly.

Bluwhale

AI Web3 startup Bluwhale takes a new approach that puts control and revenue in the hands of wallet holders, and enables them to decide whether they want to engage with marketers and monetize their information. Bluwhale has raised $7 million in seed funding led by SBI.

Adot

Decentralized artificial intelligence search engine. Adot (a.xyz) has raised a total of $6 million, with Hash Global, SevenX Ventures, Mask Network and others participating in the investment.

Sahara

A decentralized AI network that is trustless, permissionless, and privacy-centric, creating customized autonomous knowledge agents (Sahara KA) for individuals and businesses, allowing everyone to leverage their knowledge capital to explore monetization and automation opportunities through AI. Sahara has completed a $6 million seed round of financing, led by Polychain Capital and participated by Samsung Next and others.

YogaPetz

Combining AIs decentralized body-mind ecosystem, YogaPetz has raised more than US$5 million from seed round financing and NFT sales. The seed round was led by Animoca Brands, Newman group and Soul Capital Partners.

SOAI

The AI social platform aims to focus on reshaping the virtual companion industry ecosystem through advanced AI technology and creating customized AI soul mates for billions of people around the world. SOAI has completed a $5 million institutional angel round of financing, of which Archer Capital invested $3 million and XForce Capital invested $2 million.

Bythen

Human-computer interaction AI protocol, which is building an artificial intelligence product protocol to create AI-driven 3D avatar agents with autonomous capabilities. Bythen has completed a $3 million seed round of financing, with investors including East Ventures, BEENEXT, etc.

Talus Network

A blockchain platform focused on decentralized artificial intelligence, the network aims to leverage the power of Move, emphasizing security, speed, and enhanced developer experience to foster a diverse ecosystem of intelligent agents for decentralized applications. Talus Network has completed a $3 million financing round led by Polychain Capital and participated by dao 5 and others.

SmartLoC

SmartLoC is a blockchain and AI-based B2B payment solution that focuses on optimizing the way companies conduct financial transactions around the world using technologies such as the Internet of Things, blockchain, and artificial intelligence. SmartLoC has completed a €1.8 million financing round led by High-Tech Gründerfonds (HTGF).

imgnAI

Crypto AI platform, image generation robot platform launched at the end of 2022, the imgnAI crypto token on its website is used to unlock advanced features and mint images directly as NFTs. Crypto AI platform imgnAI has completed a $1.6 million seed round of financing led by Hack VC.

LinkTo

Web3 traffic aggregation marketing platform, through the introduction of advanced traffic technology and AI algorithms, LinkTo aims to provide brands and advertisers with a platform that can accurately locate and effectively reach the target audience, while ensuring data security and user privacy. LinkTo has completed the seed round of financing, with Adaverse and other investors participating.

Creator.bid

A blockchain-based and AI-driven digital content monetization and ownership platform that supports content creators in building AI-driven digital assets to monetize and manage content, and also provides tools to enhance creators’ autonomy over their work and income. Creator.bid raised an undisclosed amount of funding from investors including Mechanism Capital.

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