PANews reported on February 5 that according to Cointelegraph, the 0G Foundation announced the establishment of an $88 million ecological fund to promote the development of AI-driven decentralized finance (DeFi) applications and autonomous financial agents (DeFAI). Investors include Hack VC, Delphi Ventures, Bankless Ventures, OKX Ventures, etc.

Michael Heinrich, co-founder of 0G Labs, said that the combination of AI and blockchain is reaching a critical moment. The fund will support applications such as automated revenue optimization, on-chain trading robots, decentralized insurance agents, cross-chain arbitrage, and expand to areas such as supply chain automation, AI governance, and decentralized scientific research.

Previously, 0G Labs received US$35 million in financing in March 2024 and raised US$290 million in November for the development of AI operating systems.