Decentralized AI project Swarm Network has raised $13 million, including $10 million through NFT-based agent licenses and $3 million from strategic investors.
Decentralized artificial intelligence protocol Swarm Network raised a total of $13 million to build an AI verification protocol.
According to a Wednesday announcement shared with Cointelegraph, $10 million of the raised funds were secured through the protocol’s licenses to operate agents. A project spokesperson told Cointelegraph that each license is a non-fungible token (NFT) that allows its holder to obtain daily rewards for operating agents and maintaining the network.
The remaining funds originate from a $3 million strategic investment from investors, including Sui (SUI), Ghaf Capital, Brinc, Y2Z, and Zerostage. The investments by Sui, Ghaf, and Brinc were secured by Swarm’s participation in SuiHub’s Dubai-based global accelerator.
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