a16z invests $15 million in the story-based decentralized data layer 'Poseidon'

Source
JH Kim

Summary

  • a16z reportedly led the $15 million seed round for Poseidon.
  • Poseidon is described as a full-stack decentralized data layer based on the story (IP) protocol.
  • It is reported to support AI developers in safely utilizing legitimate training data.

According to The Block, a media outlet specializing in virtual assets (cryptocurrency), on the 22nd (local time), a16z, the largest venture capital firm in the US, led the $15 million seed round for the full-stack decentralized data layer 'Poseidon.'

Poseidon is based on a story (IP) protocol and supports AI developers to safely utilize legitimate training data by leveraging an immutable IP registry and a programmable story layer.

publisher img

JH Kim

reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
What did you think of the article you just read?