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AI Integration with Blockchain Technology: A Key Focus for Venture Capital in 2024
AI Startups Garner $11.8 Billion in Funding in the Last 90 Days
Analytics Firm Reports AI Solutions on Blockchain Gaining Traction in DeFi
Venture capital investment is increasingly flowing into the intersection of artificial intelligence and blockchain technology in 2024. Recent data from Stocklytics reveals that AI startups have secured a significant $11.8 billion in funding over the past 90 days, representing a substantial portion of all venture capital funding in the third quarter of the year.
Nansen, an analytics firm, has pointed out the rapid growth of AI solutions operating on blockchain infrastructure, particularly within decentralized finance (DeFi) applications.
One notable development in this space is the launch of Wire Network, a new blockchain platform tailored for AI agents. The platform features a Universal Transaction Layer (UTL) that enables decentralized and autonomous transactions across multiple blockchains, eliminating the need for bridges and reducing delays.
Wire Network Secures $3 Million Funding Backed by Red Bear Ventures
New Blockchain Platform Aims to Facilitate Seamless Transactions for AI Agents
Ken DiCross, the founder and CEO of Wire Network, emphasized the importance of removing barriers for AI adoption, stating that the platform allows AI agents to transact freely across various blockchains, promoting decentralization and independence.
Another player in the AI-blockchain space, OpenGradient, recently raised $8.5 million in seed funding to advance its decentralized AI infrastructure. The startup aims to provide scalable AI computing onchain, supporting verifiability and attribution for AI deployment and hosting.
OpenGradient Receives Seed Funding to Expand Decentralized AI Platform
A16z Crypto Startup Accelerator Among Investors Fueling AI Infrastructure Growth
With the AI-blockchain convergence gaining momentum, venture firms like Pantera Capital, a16z, and Coinbase Ventures are actively investing in this burgeoning field, anticipating its market value to exceed $335 billion by 2030.
Other highlights in the VC landscape include Blockcast’s $2.85 million seed funding round, Apex Fusion securing $6 million in a private token sale led by TRGC, PiP World raising $10 million for its Web3 gaming and edtech platform, and Lombard receiving investment from Binance Labs to further Bitcoin DeFi integration.
The information in the article is for informational purposes only. It does not constitute any investment advice. The author and CryptoBlockNews.com are not responsible for your profits or losses arising from your investments. Investment is ultimately based on many foundations such as knowledge, accumulation, experience, research and personal decisions.
