0G's blockchain claims to offer high security and throughput, with a rate of 50 Gbps compared to competitor rates of 1.5 MBps. The company aims to enable new use cases such as on-chain AI, on-chain gaming, and high-frequency decentralized finance (DeFi). It also plans to support complex issues ranging from deepfake detection on the AI side to building decentralized models and aiding high-performance use cases on the blockchain side.
Key takeaways:
- 0G Labs, a web3 infrastructure firm, has raised $35 million in a pre-seed round to build a modular AI blockchain that aims to improve the speed and cost efficiency of on-chain AI applications in the web3 ecosystem.
- The company's blockchain will be modular, allowing developers to customize the components they use to build a blockchain system or application, unlike monolithic blockchains like Ethereum.
- The company plans to launch on mainnet by the third quarter of this year, with the goal of enabling any Web 2.0 application to be built on-chain and supporting high-bandwidth decentralized applications.
- 0G Labs aims to enable new use cases like on-chain AI, on-chain gaming, and high-frequency decentralized finance (DeFi), with the company claiming that the gas costs, or fees, per transaction are essentially negligible.