0G Labs completed a major node sale, raising $30 million to power a decentralized AI operating system. The company has raised huge amounts of money in recent months, proving investor interest in this technology.
This news comes from an exclusive press release shared with BeInCrypto.
0G Labs Launches AI Node Sale
0G Labs, an AI research company, has recently conducted several fundraising efforts beyond this node sale. In 2024, it was one of the crypto industry’s largest recipients of VC funding, receiving over $40 million in November. The proceeds of this sale don’t quite match that achievement, but this is nonetheless quite impressive.
“Almost 85,000 nodes were purchased by approximately 8,500 individuals, bringing the total raise to $30.6 million. In the process, it set a record for the 2nd most number of unique buyers to participate in a node sale. The raise ensures that 0G will launch with a diverse and globally distributed network of node operators in place,” the firm claimed.
Node sales are a popular method of fundraising in the crypto and Web3 space, with companies in several sub-sectors launching them. For example, the DePin project Privasea sold out one node sale in August and launched another in October.
Also, Lumia, an RWA DeFi protocol, had a successful node sale last year, as did the payments platform Wirex.
However, no other AI firms have conducted high-profile sales like 0G in recent months. Between this sale, the $40 million in November, and several other seed and pre-seed fundraising rounds, 0G Labs claimed it raised over $400 million in total.
AI is sweeping through the crypto market in several key areas, and major investors are particularly noticing AI agents. Decentralized AI solutions like 0G’s, however, are more controversial. Some projects have received huge funding, while a great deal of skepticism remains.
Following the successful sale, 0G will launch thousands of nodes around the globe for decentralized governance purposes and focus on network development. The firm plans to create a new standard for AI agents that will hopefully receive broad acceptance in the industry.
Overall, decentralized AI has been one of the fastest-growing trends in the crypto industry, and several developments have occurred in this space over the past few months. Most recently, a project called O.XYZ raised $130 million in funding to develop the first-ever Decentralized AI-managed organization (DeAIO).
Similarly, AI agent tokens have also seen accelerated growth, with industry experts projecting it to become a multi-trillion dollar industry in the next few years.
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