Binance‘s investment arm announced its new investment in early-stage projects in the cryptocurrency markets. The company invests in many projects before they release tokens, supporting new projects and earning profits for Binance Labs.
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Artificial intelligence has been a hot topic since November 2022, with many projects trying to make a mark in the AI field. One such project is Sahara AI, which aims to create a decentralized, blockchain-based AI platform. Binance Labs, the investment arm of the exchange, announced its support for this decentralized AI platform.
Binance’s announcement states:
“Sahara AI is the first decentralized AI blockchain platform designed to enable everyone, individuals, and businesses to participate in and benefit from AI developments. This ensures fair rewards for all participants, protection of data and model sovereignty, and secure creation, sharing, and trading of AI assets while maintaining privacy and promoting inclusivity.”
Co-founder Yi He, who has become more prominent after CZ, commented on the latest investment:
“Binance Labs is committed to empowering founders with the potential to develop innovative technology solutions in Web3 and create sustainable, lasting impacts. We look forward to supporting Sahara AI, which is pioneering a decentralized AI blockchain platform and reshaping the future of AI to be more transparent, secure, and accessible for everyone.”
