Cogitent Ventures’ Post

Great News from GenLayer 🔊 We are excited to announce that GenLayer has secured a $7.5M Seed Round led by North Island Ventures. This funding accelerates our mission to pioneer the next era of decentralized applications (dApps) with AI-powered blockchain technology. 🧠 GenLayer is the world’s first Intelligent Blockchain. It enables smart contracts to use Large Language Models (LLMs) to access the Internet’s knowledge to make complex decisions in a decentralized manner, known as Intelligent Contracts. 🌐 These contracts can natively connect to the Internet, process natural language, and handle non-deterministic operations, enabling a whole new generation of decentralized applications and primitives that are not possible under the limitations of current blockchain infrastructure. We want to extend a sincere thank you to our investors Node Capital, Arrington Capital, Tykhe Block Ventures, ZK Ventures, Cogitent Ventures, Ms2 Capital, Samara Asset Group, DCF Capital, WAGMI Ventures, Sigmas Capital, Magnus Capital, MH Ventures, Blockbuilders, and various angels. Also, thanks to Arthur Hayes and his family office, Maelstrom, whose support strengthens our network in the web3 industry. Our primary focus now is on launching the testnet before the end of this year, representing a major milestone in creating the First Intelligent Blockchain. ➡ Until then, we invite you to explore our first MVP—the GenLayer Simulator. This interactive sandbox is designed for developers to explore the potential of GenLayer's Intelligent Contracts. It replicates the network's execution environment and consensus algorithm, providing a controlled environment to test ideas and behaviors. Find out how to contribute in the comments below!  ⬇ ⬇ ⬇ #ai #intelligent #blockchain