Binance Labs Invests in MyShell, a Decentralized AI Ecosystem

IconCryptoNewsTerminal Staff15 Aug, 2024

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Binance Labs Invests in MyShell, a Decentralized AI Ecosystem

Binance Labs, the venture capital arm of Binance, has invested in MyShell, a decentralized AI ecosystem, as part of its Incubation Season 6. The investment amount was not disclosed. MyShell aims to build a decentralized AI infrastructure that will allow developers to easily build and deploy AI applications on the blockchain. The company has already developed a number of products, including a decentralized AI marketplace and a decentralized AI training platform. Binance Labs' investment in MyShell is a strong endorsement of the potential of decentralized AI. As AI continues to become more mainstream, it is likely that we will see more and more companies investing in this space.

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