Blockchain startup aelf has introduced a new $50 million fund to support the integration of artificial intelligence into the blockchain ecosystem.
The Singapore-based blockchain platform, aelf, is embarking on a new initiative to evolve from a decentralized network to a dynamic ecosystem enriched with cutting-edge AI technologies.
In a recent blog post on April 12th, the aelf team announced that their investment division, aelf Ventures, will be utilizing the $50 million Ecosystem Fund to back innovative AI projects seeking to leverage blockchain technology.
While specific funding criteria have not been disclosed, the announcement hints at the potential for current projects and games on the aelf blockchain to incorporate AI functionalities, reflecting a rising trend of merging blockchain and AI within the industry.
As previously reported by crypto.news, Aptos Labs and io.net have formed a partnership to enhance access to scalable GPU resources for AI and machine learning applications on the Aptos blockchain network. This collaboration aims to develop a variety of AI models and products for deployment within the blockchain ecosystem.
For further insights into the intersection of blockchain and AI, check out A16z crypto’s exploration of key use cases. Stay updated with the latest news by following us on Google News.