E-Pal has raised $30 million in two Capital rounds led by a16z and Galaxy to develop its AI-integrated blockchain platform Balance, focusing on bridging Web2 and Web3.
AI-Integrated Blockchain Capital Raises $30 Million Led by a16z and Galaxy
Gaming platform E-Pal has announced the launch of its AI-integrated blockchain Balance after successfully raising $30 million in two Capital rounds led by a16z and Galaxy.
We're thrilled to announce @Balance_Games has raised a total of $30M from a16z, Galaxy Interactive, and others! #Balance is revolutionizing Web3 by merging blockchain and AI technology to seamlessly connect the worlds of Web2 and Web3. https://t.co/7Cyt7RKu9n pic.twitter.com/p52hqIKLLA
— Balance (@Balance_Games) September 5, 2024
These Capital rounds also attracted Capital from funds such as Animoca Brands, Heights Fund, AMBER, Aptos Labs, Gate Labs, DWF Ventures and the participation of other famous investment funds.
This Capital will be used by E-PAL to develop Balance's infrastructure with the goal of building an open Web3 ecosystem, enhancing user experience in both Web2 and Web3.
Balance is an AI-integrated blockchain platform developed by E-PAL , focusing on creating a comprehensive Web3 ecosystem and promoting the widespread adoption of blockchain technology in the gaming and social companion fields.
Balance is built on a system of 5 layers, each layer plays a Vai in providing services, improving user experience on Balance Chain:
- Application Layer : Provides an ecosystem where users interact with both humans and AI along with an AI reporting system that provides detailed match analysis, improving tactics.
- Platform Layer : This is where the Non-Fungible Token launchpad for games on Balance Chain is implemented. In addition, the platform layer also integrates an Non-Fungible Token marketplace , allowing players to trade Non Fungible Tokens with each other.
- Protocol Layer : Provides community and developer tools including Epal Fans Token Launchpad and Epal Fans Protocol , allowing players to issue and manage their own Token .
- Infrastructure Layer : This is the core layer of Balance, providing services such as Balance ID system , Balance Chain , and Balance stablecoin system , ensuring safe and efficient operation thanks to the validator network .
- Token Layer : Used to issue Governance Token EPT , Non-Fungible Token Pioneer Badge and Balance Nodes.
With 4.2 million current E-Pal users, Balance has signed partnerships with over 80 Web3 game companies and supports over 150 games globally. It is the only platform that has extensive partnerships across both Web2 and Web3 segments.
Recently, many AI-integrated projects have attracted attention with consecutive successful announcements of large Capital rounds. Typically, Microsoft-backed Space and Time raised $20 million, while Web3 AI protocol KIP Protocol also Capital $5 million . Notably, Sahara AI successfully Capital $43 million from big names such as Pantera, Binance Labs, and Polychain. In addition, asset management company Grayscale also introduced its own AI fund to promote AI-related investment efforts in the cryptocurrency sector.
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