Binance Labs Leads $4M Funding for AI Blockchain Data Firm Web3Go
Singapore-based blockchain startup Web3Go has raised $4 million in a seed round led by Binance Laboratoriesthe venture capital arm and incubator of the cryptocurrency exchange giant Binance.
According to the press release, other participants in the seed round financing included hash key capital, NGC, capital of shima, VIC, LIFE, big brain holdingsand Archer’s Capital.
Web3Go, a graduate of the Binance Labs incubation program, has also been selected for additional programs including BNB Chain MVB V, AWS Activate, Google Cloud Startup, and the Web3 Foundation Grant program. All of these have provided funding, the startup said.
It added that the fact that it was selected for the Cyberport Incubator Program in June “highlights the company’s position as a key Hong Kong government-backed Web3.0 startup.”
Meanwhile, its native asset creation platform, NOISEis planned for a beta release at the end of July, aimed at end users and content creators such as analysts, marketers, influencers, writers and others, each with their unique needs, he said.
By the end of the third quarter, DIN plans to integrate real-time, on-chain trading data to enable users to create and use trading information flows, strategies, and AI-assisted robots.
This should also ensure verification of ownership of the digital assets as AI natives via the protocol, thus “guaranteeing creator revenue,” the startup argued.
Until now, Web3Go consolidated real-time full-chain data for BNB Chain and Polkadot ecosystems. It also provides data and AI services to various public chains and blockchain projects.
Web3Go said it wants to help solve the ownership verification challenges of AI-native digital assets and ensure creators’ property rights.
To do this, it will create “a fair, transparent and trust-free creative economic system.”
It plans to build a “smart grid on the blockchain,” powered by its internal AI and big data infrastructure. Among other things, the network will use blockchain to verify ownership of AI-native digital assets.
According to the startup, the network will “enable users to use on-chain and off-chain data sets, knowledge databases, and AI to create a wide range of AI-native digital assets, including transaction information streams, trading strategies, trading support robots, as well as intelligent entertainment, educational and social assistants.”
Meanwhile, the platform announced that it had sold out of its DIN Passport Non-Fungible Token (NFT) Early Bird tickets.