As the rather frosty seasons of the cryptocurrency markets strip bare the fields of blockchain investment, it is the infrastructure providers that thrive, generating the prodigious attention of stern investors. A fresh example stems from Web3Go, an AI-backed blockchain company crafting sophisticated data tools.
Recently, Web3Go has caught the attention of investors, leading to a significant capital inflow. $4 million has been raised in a seed round with major participants including Binance Labs, HashKey Capital, and several others. This garners attention as it pivots us to ponder; why are infrastructure provider companies flourishing in the midst of a cryptocurrency investment lull?
One noteworthy success story during this period surfaced when AI compute protocol Gensyn kindled a staggering $43 million in a funding round with the spearhead being investment juggernaut, Andreessen Horowitz.
Now, what makes our star of the day, Web3Go, stand out on the canvas of blockchain companies? The Singapore-based firm has graduated from an incubation program run by Binance Labs and drives towards the goal of simplifying the ownership verification of AI-native digital assets using blockchain technology.
How will they accomplish this? By developing an expressive palette of data tools to facilitate digital assets’ creation. These tools paint vast possibilities, such as real-time data processing, a framework harmonizing on- and off-chain data computations, and information flows. There’s also a digital curation protocol managing the ownership verification and overseeing data sets’ transfer.
Further, as we gaze forward, Web3Go’s next exhibit awaits at the end of this month: a digital asset creation platform named DIN. Looking further into the third quarter, DIN will incorporate real-time on-chain trading data, enabling users to conceive AI-assisted trading information, strategies…even robots!
One encouraging note—the company’s data solutions are not just theoretical. They have been proven to work, and are currently employed by the BNB Chain and Polygon ecosystems. A positive step for blockchain technology and AI, but fans on both sides are left with a question: will these two worlds fully merge, or can they successfully coexist by merging only specific elements? Only the coming seasons will reveal this unfolding tale of tech.
Source: Coindesk
