The OpenLEDGER Blockchain Protocol plans to commit $ 25 million to AI and web3 developers.
As Coindesk reported this on Monday, June 9, the capital will be available via OpenCircle, a launch created by OpenLEDGER to help developers create artificial intelligence protocols (AI).
The report notes that funding occurs in the middle of an increased interaction between blockchain and AI industries.
For example, Telegram recently declared that he would incorporate the XAI Chatbot Grok on his messaging application, while accepting the Ton token for cryptographic payments.
“AI is currently an extractive economy, taking advantage of the invisible workforce and centralized training pipelines,” said RAM, a basic contributor to Openledger. “Opencircle transforms this model upside down. We build a system where anyone contributes, whether by code, data or calculation, has an element of the value they help to create. ”
According to the report, Openledger raised $ 8 million in a round of seeds last year, when it seemed to become the “Blockchain of sovereign data for AI technology”. The company also signed an agreement with the ether.Fi replenishment protocol to strengthen the development and safety of AI models.
In other news related to blockchain, Pymnts wrote last week on the use of stablecoins as innovation in cross -border payments. Compared to traditional volatile cryptocurrencies, stablecoins are set for traditional currencies, such as the Dollar or the American euro, providing prices stability and predictability.
Many Stablecoins use open and programmable blockchain networks, which allows small institutions to access global payment rails without having to build or maintain them by themselves.
“Imagine sending money from here to Uruguay,” the CEO of conduit said last week Kirill Gertman. “You open your vemo, type the amount, and your friend receives it via Pix in Brazil. You never leave your application. This is where we are going. “
“There are advantages in the instant settlement,” added Gertman. “You don’t need as many working capital. You are not exposed to the gain / loss FX.”
Meanwhile, BVNK and Lianlian Global established a partnership last week to allow traders to use the main stabbed to finance cross -border transactions.
“Stablecoins are reshaping global finance,” said the CEO and co-founder of BVNK, Jesse Hemson-Struthers. “Thanks to this partnership, Lianlian Global merchants can transform inactive digital assets into instant cross -border payment fuel.”
But despite the promise of stablescoins and digital wallets, these tools also introduce new risks and regulatory considerations, Pymnts wrote.
“Stablecoin suppliers must maintain the reserves and operate in transparent and secure frames to avoid destabilizing events. In addition, the global regulatory landscape is fragmented, ”says this report.
