Zero Gravity Labs Raises $35M in Pre-Seed Funding
Zero Gravity Labs, also known as 0G Labs, a developer of a modular blockchain technology focused on decentralized artificial intelligence applications, has secured $35 million in pre-seed funding from various investors, including Hack VC, OKX Ventures, GSR, and others.
Introduction to 0G Labs
0G Labs is a project that is dedicated to building a data availability system within the blockchain technology. This data availability ensures that all transaction data is accessible to nodes or validators independently, allowing for the verification of transactions and updating the blockchain without the need for trust.
0G is developing a modular data availability layer that consists of a general-purpose storage layer and a data publishing lane. By separating these tasks, 0G is enhancing its ability to scale up and manage large data flows, ultimately creating a data availability system that ensures data accessibility to all users.
The demand for data availability layers is expected to increase as decentralized AI applications grow. Therefore, 0G positions itself as a “modular AI chain” that offers a scalable and programmable data availability layer for AI decentralized applications.
Key Features of 0G Labs
* Data availability ensures accessibility for all nodes and validators.
* Validators can independently verify transactions.
* Enhances the blockchain’s trustless nature.
* Offers a modular data availability layer.
* Includes a general-purpose storage layer and a data publishing lane.
* Enhances scalability and handles large data flows efficiently.
* Focused on providing a scalable and programmable data availability layer for AI dapps.
* Modular AI chain designed to cater to the needs of decentralized AI applications.
Performance and Cost Comparisons
0G Labs claims that its modular AI chain will outperform competitors by 50,000x while maintaining a 100x lower cost at 50 gigabytes per second, compared to competitor rates of 1.5 megabytes per second. This significant performance boost and cost efficiency bring web3 to web2 performance and cost parity.
The project has also developed a way to horizontally scale consensus layers, allowing for infinite data availability scalability, similar to adding more servers to scale in a web2 context. This innovation can pave the way for new on-chain applications like on-chain AI, on-chain gaming, and high-frequency DeFi.
Additionally, due to its focus on AI, 0G’s data availability layer can support storing models, encrypted user requests, training data, and more. The platform is set to launch its testnet soon, with the mainnet expected to go live in July.
Growth of Modular Blockchains
Modular blockchain projects are gaining popularity in the cryptocurrency space, with several startups in this category raising significant funds recently.
* Avail, a modular blockchain project that emerged from Polygon, secured $27 million in a seed funding round led by Peter Thiel’s Founders Fund and Dragonfly.
* Other modular projects like Lava and Inco also successfully raised funds in the past month.
Hot Take: The Future of 0G Labs
0G Labs’ successful pre-seed funding round marks a significant milestone for the project as it gears up to launch its testnet and mainnet. With its focus on modular blockchain technology and data availability for AI applications, 0G is poised to make a substantial impact on the decentralized AI space. The project’s innovative approach to scalability and cost efficiency positions it as a key player in the blockchain ecosystem, with the potential to unlock new opportunities for on-chain applications including AI, gaming, and DeFi.
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