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0g
Mar 27, 2024
March 26, 2024 - Stanford, California 0G, a leading Web3 modular infrastructure firm, is pleased to announce its successful funding round totaling over $35 million, which was made possible by support from a large number of strong Web3 leaders. We attracted a diverse range of investors and influencers, including Hack VC, Bankless, Delphi, TRGC, Dao5, Symbolic, BlockChain Builders Fund, Dispersion, Daedalus, Gumi cryptos, OKX VC, Arca, Eterna, LongHash, NGC, Formless, Polygon, DWF, GSR, Santiago Santos, CryptoBanter, Joe Takayama, gMoney, Abstract, AI Influence, Alchemy, Alex, Alumni VC, Animoca, Artichoke, Avid3, Backed, Blockchain Builder Fund, Blu7, BuildersNGC, Comfy, Conflux, Crypto Times, CSPDAO, DKBuilders, DWFB&Y, Emir - union, Foresight, GCR, IMO, Lecca, Main quad, MH Ventures, Moonhill, Mudit, Nakul (MAVM), Newfund, NewfundTokenmetrics + SPV, NLH, Orange Dao, Paramita, Plassa, Press play + BlockSpaceForce, Pushkar, Quantstamp, Samsung, Takayama, Terence, Theodore (AlphaCrypto), Toge, Tokenmetrics + SPV, Wagmi, Wise3, Wudaedalus, and ZakTRGC, among others. 0G aimed to create a decentralized cap table, allowing the platform to collaborate with many influential investors in the space.
0G is focused on infrastructure scaling through modularity and solving the key problems needed to implement on-chain AI applications in the Web3 ecosystem. At the core of this challenge is data availability (DA), which stems from the demand for off-chain verification of executed states. This issue speaks to the larger constraint, a trade-off between scalability and security of blockchain systems. This trade-off will only face more pressure as more data-intensive on-chain applications, such as data-intensive Layer 2 networks, onchain gaming, high frequency DeFi, and decentralized AI applications, find more use cases to deploy.
0G, short for Zero Gravity, has eliminated the forced trade-off of scalability vs. security by developing a data availability layer with both a general purpose storage layer as well as a data publishing lane. By separating these key data availability tasks, 0G significantly improves its ability to scale up and handle large data flows. This creates a Data Availability 2.0 System that is able to better guarantee for users that a given piece of data is available to anyone who wishes to retrieve it.
By accomplishing this with both high security and throughput, 0G sets the stage for on-chain AI, which will be a cornerstone in developing trustworthy AI due to the chain’s immutability and transparency. No other method today can guarantee trustworthy AI, and this will become a bigger and bigger issue as AI applications continue to evolve. Being able to accomplish this at 50 gigabytes per second compared to competitor rates of 1.5 megabytes per second, 0G is both 50,000x faster than competitors while maintaining a cost that is 100x cheaper.
“0G is positioned as the premier modular data availability solution for web3, including the next frontier of crypto-powered AI networks," said Ed Roman, Managing Partner at Hack VC. "Their data availability technology has shown to achieve speeds 1000x+ faster and cheaper than ETH L1, which is simply phenomenal. We're proud to be their partners in this journey, and can't wait to see their ecosystem thrive as the team pushes forward towards main-net."
A key part of 0G’s success is due to the unique team members holding a wealth of experience across Web3, technology, finance, and more. The leadership team has built up previous careers at prestigious firms such as Microsoft, Bain, Bridgewater Associates, Harvard Business School, Stanford, and IDEO. The members have launched various unicorn companies raising over $200 million and employing more than a thousand people. In addition to competitive research the team has won many awards including Olympic gold medals in Informatics and top computer science paper awards. This wealth of diverse experience has helped the team to develop solutions to problems previously unsolved, creating a strong foundation for the next stage in Web3 evolution: high dataflow, on-chain applications.
About 0G
0G, or ZeroGravity, is a leading Web3 infrastructure provider that is building the leading modular AI blockchain creating solutions to implement on-chain AI applications in the Web3 ecosystem. The platform achieves high data availability through its unique architecture separating data storage and data publishing. By ensuring throughputs of 50 GB/second, a full 50,000x faster than competitors, and a cost that is 100x lower, 0G has positioned itself as a leader in bringing high data use cases, such as scalable L2s and modular AI, into the Web3 ecosystem.
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