AI Blockchain Data Firm Receives $4M in Seed Money Led by Binance Labs Web3Go
Web3Go, a blockchain startup located in Singapore, acquired $4 million in a seed round funded by Binance Labs, the venture capital and incubating arm of crypto exchange giant Binance.
The news statement states that Hashkey Capital, NGC, Shima Capital, IVC, LIF, Big Brain Holdings, and Archerman Capital were among the other investors in the seed round fundraising.
In addition to BNB Chain MVB V, AWS Activate, Google Cloud Startup, and the Web3 Foundation Grant program, Web3Go, a graduate of Binance Labs’ incubation program, has been accepted into these and other prestigious initiatives. The company claims that all of these have contributed to its fundraising.
It also noted that being accepted into the Cyberport Incubation Programme in June “highlights the company’s status as a key Web3.0 startup backed by the Hong Kong government.”
It also announced that the beta version of its native asset creation platform, DIN, will be live by the end of July, with the platform’s intended users being content producers and end-users such as analysts, traders, influencers, journalists, and others with specialised skill sets.
DIN aims to incorporate real-time on-chain trade data by the end of the third quarter, enabling users to design and employ AI-assisted trading information streams, strategies, and robots.
The business claimed that this would “guarantee the creator’s revenue” via the protocol’s ability to verify ownership of digital products as AI-native.
Web3Go has so far z real-time, full-chain data from the BNB Chain and Polkadot ecosystems. It also offers its data and AI services to a number of public blockchains and other blockchain initiatives.
Web3Go has stated its intention to assist in resolving issues with ownership verification of AI-native digital content and protecting the rights of artists.
This will be achieved by establishing what it calls “a fair, transparent, and trustless creator economic system.