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Funding
KIP Protocol secures undisclosed strategic investment for expansion
Machine Learning Infrastructure
Feb 1, 2024
This week:
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Machine Learning Infrastructure

Machine Learning Infrastructure

Feb 1, 2024

KIP Protocol secures undisclosed strategic investment for expansion

Funding

  • KIP Protocol, a Web3 base layer focusing on AI initiatives, has secured an undisclosed strategic investment led by Animoca Ventures, with participation from MQdao, Spicy Capital, Skyvision Capital, and Purechain Capital, among others.

  • The fresh funds will be used to expand access and enhance participation rights of token holders (KIP) and other users. 

  • The KIP Protocol is designed for AI models, applications, and data owners to securely transact and monetize within the Web3 ecosystem. It allows individuals to create digital assets from their knowledge and data, ensuring compensation when AI models use them.

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