Lido DAO investor cyber.Fund commits $100m to accelerate 'cybernetic economy'

2023-12-15 07:40:18

Private investment firm cyber.Fund has established a new fund aimed at supporting blockchain, artificial intelligence and robotics.

In a blog announcement, the Belarus-headquartered firm said the new venture aims to support innovative projects that are leveraging robotics-related solutions to ensure a “healthy transformation to a cybernetic economy that benefits humanity.”

According to the company, the new $100 million venture fund will be focused on advanced cryptography s such as zero-knowledge and fully homomorphic encryption, decentralized finance, network states, data marketplaces, robotics, artificial intelligence (AI) s and other aspects of emerging technological markets.

“We foresee the emergence of a deeply interconnected and automated economy, radically transforming our current state over the next few decades.”

cyber.Fund co-founder Konstantin Lomashuk

Founded in 2014, cyber.Fund is led by Konstantin Lomashuk and Vasiliy Shapovalov and has reportedly backed Ethereum, P2P.org, Lido DAO, Dfinity, Cosmos as well as Solana, LazyLedger and other category defining projects. With the latest venture, cyber.Fund anticipates the emergence of scalable blockchain networks, new cryptographic schemes, and an “explosion of intelligent computation from LLMs [large language models].”

Meanwhile, the crypto market is witnessing a surge in interest in artificial intelligence (AI) tokens, with several digital assets experiencing a 500% growth in 2023. As crypto.news reported, the appeal of AI tokens in 2023 can be attributed to the rapid advancements in technologies and their integration into distributed ledgers, promising new solutions and investment opportunities.

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