KIP Protocol Closes Strategic Funding Spherical Led by Animoca Ventures

Hong Kong, China

KIP Protocol, the Net 3.0 base layer for AI (synthetic intelligence), has efficiently closed its strategic funding spherical led by Animoca Ventures.

KIP Protocol builds safe and gas-efficient Net 3.0 infrastructure that makes it potential for AI creators whether or not app builders, mannequin makers or information house owners – to do the next.

  • Deploy their work on Net 3.0, thus retaining full possession
  • Work together and transact with different AI belongings
  • Monetize with out shedding management over entry

Utilizing KIP Protocol, AI app builders can simply create decentralized apps linking to all kinds of fashions (whether or not on-chain or off-chain), drawing information from decentralized data bases to supply retrieval-augmented technology providers with consumer income being distributed robotically and transparently to all contributors on chain.

An early alpha of KIP Protocol’s code was a prize winner at Chainlink’s 2023 fall hackathon.

KIP’s core mission is to spawn a vibrant enterprise ecosystem of impartial AI apps, fashions and data bases, collaborating and competing freely to counter the rising AI monopoly of tech giants.

This Animoca Ventures-led spherical additionally noticed participation by an particularly numerous group of funding DAOs, Net 3.0 neighborhood leaders and funds throughout a number of geographical territories, together with B.Military (Vietnam), CSP DAO (EMEA), MQdao, Spicy Capital (Latin America), Skyvision Capital (HK) and Purechain Capital (UK), to call just some.

The variety of KIP Protocol’s buyers displays its purpose of increasing entry and participation rights to as vast a bunch of customers and token holders as potential, reflecting the overarching affect of AI throughout all spheres of human exercise.

Driving AI decentralization – a shared imaginative and prescient

Central to the KIP Protocol imaginative and prescient is defending the digital property rights of worth creators in AI by means of Net 3.0, opening a path to honest monetization for even the smallest AI creators.

James Ho, head of Animoca Ventures, stated,

“KIP Protocol’s objectives of making a extra aggressive taking part in subject for all AI creators are strongly aligned with Animoca’s imaginative and prescient of a extra equitable Web underpinned by true digital property rights.

“We at Animoca Ventures are targeted on discovering and supporting revolutionary new groups in Net 3.0, and the KIP Protocol group boasts a singular mix of deep AI credentials, Net 3.0 expertise and enterprise savvy. We’re delighted to be an early backer of their quest.”

Dr. Jennifer Dodgson, chief AI officer and co-founder of KIP Protocol, stated,

“We imagine that AI advances quickest by means of low cost, small-scale experimentation and evolutionary pruning. With the assistance of Animoca Ventures, we purpose to create a future wherein everybody has the potential to construct the subsequent GPT.”

Julian Peh, CEO and co-founder of KIP Protocol, added,

“AI could possibly be probably the most highly effective technological drive driving humanity’s progress sooner or later. Everybody not simply tech giants ought to be capable to reap the financial advantages of the AI-driven period. KIP Protocol was born from the need to re-level the taking part in subject for all AI contributors, regardless of their dimension.

“We’re grateful to Animoca Ventures and our international group of buyers for his or her assist for our mission.”

KIP Protocol is constructing a three-layered structure, powered by the KIP token, to safeguard the possession rights of all key stakeholders mannequin makers, app builders and information house owners and empower them to monetize safely, securely and effectively, thereby serving as a catalyst for the adoption of decentralized AI.

The launch of the primary DApp on KIP Protocol is deliberate for Q1/Q2 2024.

About KIP Protocol

KIP Protocol builds Net 3.0 infrastructure for AI app builders, mannequin makers and information house owners, empowering straightforward deployment and monetization of AI belongings whereas sustaining full possession rights.

KIP solves mission-critical challenges confronted in decentralized AI deployments, with an purpose to jumpstart wholly new enterprise ecosystems and make sure the financial advantages led to by AI could be loved by all.

Based and helmed by AI and enterprise veterans, KIP goals to be a catalyst for the widespread adoption of decentralized AI.

To study extra, go to the web site or comply with on X.

About Animoca Ventures

Animoca Ventures is the enterprise funding arm of Animoca Manufacturers, a worldwide chief in digital leisure, blockchain and gamification.

Animoca Ventures focuses on early-stage investments in Net 3.0 and blockchain corporations and tasks.

It serves as the heartbeat of Animoca Group, working on the frontlines to find new cutting-edge tasks and traits within the Net 3.0 house.


KIP Protocol, press

This content material is sponsored and ought to be thought to be promotional materials. Opinions and statements expressed herein are these of the creator and don’t mirror the opinions of The Every day Hodl. The Every day Hodl is just not a subsidiary of or owned by any ICOs, blockchain startups or corporations that publicize on our platform. Traders ought to do their due diligence earlier than making any high-risk investments in any ICOs, blockchain startups or cryptocurrencies. Please be suggested that your investments are at your personal threat, and any losses you could incur are your accountability.

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