Modular Blockchain Developer 0G Labs Raises $35 Million In Pre-Seed Funding

0G Labs, or Zero Gravity Labs, the developer of a modular blockchain focused on decentralized artificial intelligence applications, has raised $35 million in pre-seed funding. A host of investors joined the round, including Hack VC, OKX Ventures, GSR, Animoca Brands, Arca, NGC Ventures, DWF Labs, Foresight Ventures, gumi Cryptos Capital and Dispersion Capital, 0G Labs said Tuesday — adding that it aimed to create "a decentralized cap table" with many investors in the round. This was a single round structured as a simple agreement for future equity (SAFE) with token warrants, Michael Heinrich, co-founder and CEO of 0G Labs, told The Block. He declined to comment on the valuation.

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Read the full story at The Block.