Swarm Network Secures $13M to Advance Decentralized AI Development
Funding for Swarm Network: Decentralized AI protocol Swarm Network raised $13 million to develop an AI verification protocol, with $10 million from licenses for operating agents and $3 million from strategic investors.
NFT Licenses: The licenses are structured as non-fungible tokens (NFTs) that provide holders with daily rewards for maintaining the network.
Adoption of Technology: Swarm Network aims to convert offchain data into verifiable onchain information, already seeing usage from AI-powered fact-checking solution Rollup News, which has verified over 3 million posts.
Growth of AI Agents in Crypto: AI agents are gaining traction in the crypto space, with predictions that they will become significant users of Ethereum and play a larger role in decentralized communities.
About the author










