SingularityNET & SingularityDAO Raise $25 Million To Bring AI To Blockchain And DeFi
Decentralized finance company SingularityNET and SingularityDAO have a goal to bring AI and machine learning to the blockchain. They've raised $25 million from an agreement with LDA Capital Limited to achieve that goal.
Created on May 20|Last edited on May 20
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SingularityNET is a company offering a full ecosystem of tools for all facets of decentralized finance. Their focus is on the integration of AI into these spaces, chasing the similar length to which AI is integrated into traditional tech and finance fields.
SingularityDAO is a piece of that AI ecosystem, offering a tool for crypto currency management through proprietary DynaSet technology. Additionally, they offer AI tools powered by machine learning for market predictions so that users can make smart choices.
Who's funding SingularityNET & SingularityDAO, and where's the money going?
In the funding round announced the other day, SingularityNET and SingularityDAO collectively raised $25 million through a funding commitment solely orchestrated by LDA Capital Limited.
The agreement is for the company to use the funds for further adoption and scaling of their AI-powered ecosystem for advancements in the decentralized finance industry.
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