YeagerAI has simply closed a $7.5 million seed spherical for its groundbreaking mission, GenLayer, with North Island Ventures main the cost. This important funding enhance additionally contains assist from top-tier web3 VCs like Node Capital, Arrington Capital, TykheBlock, ZK Ventures, and plenty of extra, together with influential angel buyers. The brand new capital will propel GenLayer’s mission to redefine good contracts by means of synthetic intelligence.
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GenLayer, the world’s first Clever Blockchain, is designed to push the boundaries of what good contracts can do. By harnessing the ability of Massive Language Fashions (LLMs), GenLayer introduces “Clever Contracts” that combine with the Web to make nuanced selections in a decentralized framework.
These contracts can course of pure language and handle complicated, non-deterministic duties, paving the best way for progressive decentralized protocols and options beforehand unattainable with typical blockchain know-how.
Travis Scher from North Island Ventures expressed enthusiasm, stating:
“GenLayer is utilizing the newest in AI to bridge extra of the web with blockchain, enhancing present dApps and unlocking new potentials. We’re excited to assist Albert and his group on this pioneering enterprise.”
Travis Scher, North Island Ventures
Echoing this sentiment, Amos Meiri from Node Capital highlighted, “GenLayer tackles the business’s want for human intervention and entry to real-world information by leveraging AI, opening doorways to contemporary use instances. We’re thrilled to be a part of this journey.”
Progressive Consensus Mechanism
On the core of GenLayer’s structure is a singular consensus mechanism often called Optimistic Democracy. This technique makes use of a delegated Proof-of-Stake (dPOS) method, involving 5 randomly chosen validators, every linked to a definite LLM. The method begins with a proposed output from one validator, which is then vetted by the others.
If a majority agrees, the transaction proceeds; if not, a brand new chief is chosen. This setup contains an enchantment window the place individuals can problem selections, additional making certain accuracy and equity.
GenLayer stands out by permitting Clever Contracts to ship variable outcomes, counting on an equivalence precept set by the appliance builders to keep up belief and transparency, in contrast to conventional blockchains that yield deterministic outcomes.
Albert Castellana, Co-Founder and CEO of GenLayer, remarked, “We’re thrilled in regards to the potential of GenLayer to create a zero-to-one innovation. Our gratitude goes to our buyers for supporting our imaginative and prescient. AI-driven consensus on subjective issues will considerably broaden the scope of decentralized purposes.”
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About GenLayer
GenLayer, developed by YeagerAI, is pioneering the Clever Blockchain house. It permits good contracts to make use of AI and faucet into Web information to make decentralized selections, introducing a brand new period of good contract capabilities past the present blockchain limitations.
Based by CEO Albert Castellana, CPO Edgars Nemše, and CAIO José María Lago, YeagerAI brings over a decade of experience in blockchain and AI innovation. Albert, co-founder of the NEM.io Basis and former CPO at RadixDLT, and Edgars, co-founder of StakeHound, together with José, who designed superior AI diagnostics at Methinks AI, are driving this newest groundbreaking initiative.
Uncover extra about GenLayer at GenLayer.com.
