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DeepNode, a project focused on decentralized AI infrastructure, has secured funding. A total of $5 million was raised over two rounds.
First, there was a $2 million seed round at a $25 million valuation, with participation mainly from community members. Later, a $3 million strategic round was added, with the valuation jumping straight to $75 million. Leading investors included institutions like Blockchain Founders Fund and Side Door Ventures.
The project itself is built on Ethereum Layer 2 and aims to combine AI with blockchain infrastructure. The decentralized AI sector has been quite hot recently, but how it will be implemented still depends on future developments. The valuation jump from $25 million to $75 million shows that the market has a strong recognition of this direction.