Aelf, a blockchain startup, announced the establishment of a $50 million fund for its ecosystem. The primary focus of this investment is to encourage the combination of artificial intelligence (AI) technology with blockchain solutions.
Aelf, a blockchain company based in Singapore, is embarking on a substantial new project worth millions of dollars. The aim is to transform their current decentralized network into an advanced and intelligent ecosystem, filled with cutting-edge artificial intelligence (AI) technologies.
Exciting news! We believe AI will shape the future of blockchain, so we’re thrilled to share that aelf is evolving. Soon, aelf’s primary goal will be to blend AI technology into its blockchain.
— ælf (@aelfblockchain) April 12, 2024
On their blog post dated April 12th, the aelf team shared that they would be using their $50 million Ecosystem Fund, managed by aelf Ventures, to invest in intriguing AI projects that aim to integrate blockchain technology.
“With the introduction of developer-friendly toolkits, aelf will accelerate AI blockchain innovation by giving the community the ability to apply these new technologies for data preparation, model training and refining, agent creation, on-chain deployment, and monetization using the aelf blockchain platform.”
The aelf team
The announcement hints at undisclosed funding requirements, but it’s clear that ongoing projects and games based on the AELF blockchain are exploring the integration of artificial intelligence (AI). This indicates a rising trend among businesses to explore the potential benefits of combining AI and blockchain technologies.
Previously reported on crypto.news, Aptos Labs, the company behind the Aptos blockchain, announced a partnership with io.net. The goal is to expand access to scalable GPU resources for better AI and machine learning performance. Through this collaboration, io.net and Aptos Labs plan to develop various AI models and products, which will later be available on the Aptos blockchain network.
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2024-04-12 15:57