A blockchain company, Web3Go, is revolutionizing artificial intelligence (AI) and data services on the platform. Web3Go has recently received tremendous support from different sectors, including governments, big tech corporations, and crypto veteran companies. In recent news, it has been witnessed that Web3Go has introduced a successful raise of $4 million in its seed funding round. Binance Labs successfully led this seed funding round. The objective behind raising this funding round is to ensure future growth prospects for the entire company.
Apart from only Binance Labs, other participants who took active participation in this Web3Go seed funding round are Hashkey Capital, NGC, Shima Capital, IVC, LIF, Big Brain Holdings, and Archerman Capital.
The requisite of this funding came into existence of the high global demand for AI-backed products, particularly in emerging blockchain markets. As a result, Web3Go intends to channel the funds to construct an intelligent network on the blockchain that will be powered by its in-house AI and big data infrastructure.
As per Web3Go, the intelligent network will allow its end potential users to seamlessly utilize on-chain and off-chain data sets to generate a wide range of AI-backed digital assets. The matter to remember is that Web3Go users can utilize the intelligent data network in trading strategies, trading support bots, education, and entertainment.
Web3Go has also attained amount of funding from different entities actively seeking to venture into the AI side of blockchain technology.
Web3Go is one of the companies that various tech entities have demanded, including BNB Chain MVB V, AWS Activate, Google Cloud Startup, and the Web3 Foundation Grant program. These programs will assist in the same AI and blockchain solutions sector.
Recently, Web3Go was selected for the Cyberport Incubation Program, highlighting the company’s position as a key Web3.0 startup supported by the Hong Kong government. The government of Hong Kong has already sanctioned crypto-friendly policies to attract international investors looking forward to entering the blockchain technology market.
It is planned that the funds will be used to accelerate the development of the groundbreaking projects. With the financial backing and collaborative efforts with the partners, the company, Web3Go, is confident that the team of the company can make significant strides towards their goal of revolutionizing the blockchain sector.