WEB3
by BSCN
April 9, 2024
MH Ventures stands out amongst the world of crypto venture funds, often making public the theses which drive its investment decisions.
Legendary cryptocurrency venture capital fund, MH Ventures, today shared the thought process it used, when considering investment into blockchain-based AI inference network, Aizel.
Aizel Network is a novel AI-focused crypto project which provides the infrastructure to facilitate the processing of machine learning model inferences in a fully trustless and decentralized fashion.
MH Ventures, meanwhile, is one of the most active venture funds in the industry today, with a track record of making strong cryptocurrency investments into the likes of Polyhedra, Merlin Chain, and Ionet.
Aizel has made its mission to solve REAL problems that plague the AI-sector today. These span multiple issues, including but not limited to massive computational demands, and difficulties with verifiability.
By providing a genuine value-add to projects within the burgeoning CryptoAI landscape, Aizel stands to become a core component within that very landscape.
Several things make Aizel network unique in the industry today. One such feature is its ability to facilitate verifiable AI inferences across multiple blockchains. These inferences are crucial and effectively allow AI models to draw conclusions from large amounts of net new data.
The existence and proliferation of verifiable AI inferences is vital to promoting trust in the AI sector more broadly, allowing information and conclusions to be verified, while maintaining privacy on the input data itself.
In establishing itself as a core component of the Crypto AI vertical, Aizel stands to capitalize on perhaps the two hottest and fastest-growing technology sectors in the world today - Blockchain and Artificial Intelligence.
With a total-addressable market that is near-impossible to calculate accurately, Aizel has the potential to accrue value to its ecosystem and stakeholders in a scale rarely witnessed before.
According to Lincoln, co-founder and general partner at MH Ventures…
"Aizel Network's breakthrough in marrying AI with blockchain, through secure, scalable AI inferences and decentralized processing, marks a pivotal shift towards intelligent, trustless applications. It's this fusion of cutting-edge tech and practicality that makes us bullish on their potential to redefine blockchain utility."
What’s more, Aizel is leveraging innovative technology (in the form of DAG & DHT for data storage and parallel processing, and MPC & TEE for computational integrity), providing it a genuine value-add to an already innovative sector.
The team behind Aizel is one of many features that set it apart from competitors, and MH Ventures’ rigorous due diligence process will likely have served to prove this.
Said team has a wealth of experience across both the blockchain and AI sectors, positioning them uniquely to navigate and innovate at the intersection of the two industries.
Disclaimer
Disclaimer: The views expressed in this article do not necessarily represent the views of BSCNews. The information provided in this article is for educational and informational purposes only and should not be construed as investment advice. BSCNews assumes no responsibility for any investment decisions made based on the information provided in this article
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