How to explore the latest trends in Web3? Web3Caff Research will carefully select and interpret the latest publicly disclosed Web3 financing projects for you. Looking at the essence through the phenomenon - follow us immediately to sniff the market dynamics.
Author: ShirleyLi, Web3Caff Research Researcher
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According to The Block, on November 20, the crypto and AI startup OpenLayer, founded by three former Robinhood employees, raised $5 million in a seed funding round. This round of financing was participated by a16z CSX, Geometry, IOSG Ventures, Spartan Group, LongHash Ventures and other angel investors, some of whom came from projects like EigenLayer and AltLayer.
Whether in the field of Block Chain or AI, the data issue is a key link. Although traditional data service providers can provide data collection, data labeling, and data storage services, they still have the risk of centralization. Restricted by the centralized service providers, users cannot effectively protect the privacy and security of their data. As a result, decentralized data networks have emerged. It tries to build a more secure data environment by integrating Block Chain features. In this context, OpenLayer has built a modular trusted data layer to coordinate the data collection, verification and transformation links, and ultimately bring trusted data to on-chain and off-chain applications.
