YeagerAI, the developer of decentralized AI network GenLayer, completes $7.5 million seed round led by North Island Ventures
YeagerAI, the development company of the decentralized artificial intelligence network GenLayer, has completed a $7.5 million seed round of financing, led by North Island Ventures, with participation from Node Capital, Arrington Capital, ZK Ventures, WAGMI Ventures, BlockBuilders, and Arthur Hayes' family office Maelstrom, as well as several angel investors. The YeagerAI team is leading the way in launching a technology solution called "smart contracts," which is a blockchain-based system that uses large language models connected to the internet to execute functions. GenLayer also uses artificial intelligence in its customized delegated proof-of-stake algorithm, which randomly selects a chief validator to propose output and is then voted on by four other validators connected to different large language models. If the subjective output receives a majority of support, the transaction is processed.
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