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KIP Protocol Closes Private Round to Jumpstart Decentralized AI Innovation

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Singapore, 14 August 2024 – KIP Protocol, the Web3 Base Layer for AI, announced a successful $5 million raise in its latest private funding round, co-led by Animoca Ventures and Tribe Capital. This round propels KIP’s total funding to $10 million, accelerating its mission to decentralize AI development.

Co-led by Animoca Ventures and Tribe Capital, other investors in the round also include GBV Capital, DWF Ventures, Morningstar Ventures, Kyros Ventures, K300 Ventures, New Tribe Capital, ZBS Capital, Purechain Capital and Fomocraft Ventures.

In addition to the recent passing of OCP-12 in which KIP Protocol would launch and manage Open Campus U, the closing of the private round is another milestone in KIP Protocol’s mission of dismantling monopolistic barriers in the AI industry and fostering a more level-playing field for AI developers and consumers.

Unlocking the Power of AI through Web3

KIP Protocol, the Web3 Base Layer for AI, opens up the potential of Decentralized AI (DeAI) by solving critical problems faced by AI product developers in Web3 deployment, connectivity and monetization.

With a firm focus on AI product monetisation, KIP creates much-needed data rails and payment rails for AI developers to create profitable businesses around their AI asset.

As a winner of 2023 Chainlink Hackathon, KIP’s Decentralized Retrieval-Augmented Generation (D/RAG) framework forms the basis for empowering AI asset holders with unparalleled control, enabling seamless deployment, monetization, and complete ownership rights.

The project’s practical and user-focused approach has earned it significant recognition and attracted an impressive roster of top-tier partners, including Open Campus, Aethir, Google Cloud, Moemate, and OKX Wallet. These strategic collaborations underscore KIP Protocol’s position as a trailblazer in the AI and Web3 integration space, setting the stage for a new era of innovation and DeAI adoption.

Fueling the Future of Decentralized AI Development

The newly raised funds will serve as a catalyst for KIP Protocol’s mission to advance DeAI development. By investing in the creation of robust and secure AII solutions, the project aims to drive unprecedented levels of adoption and innovation. KIP Protocol’s unwavering commitment to creating a more equitable environment for all AI stakeholders positions it as a formidable challenger to the current industry monopolies.

James Ho, Head of Animoca Ventures, added: “We’re incredibly excited to support KIP Protocol’s mission in creating real opportunities for AI developers via Web3. By streamlining payments and data sharing, KIP makes it easy for developers to turn their innovations into sustainable businesses while retaining full digital property rights. We believe this holistic approach will drive the next wave of AI adoption in Web3.”

Boris Revsin, Managing Director of Tribe Capital, stated: “Decentralized, transparent artificial intelligence has a lot of potential to realize a future of AI that elevates and supports humanity, but one of the major challenges DeAI faces is the incentives. By establishing robust payment rails between AI models, apps, and data sets, KIP ensures fair and transparent compensation for all contributors. KIP’s approach utilizes blockchain to enable real economic opportunities for AI developers at any level to contribute to a decentralized, open future of AI”

Julian Peh, Co-Founder and CEO of KIP Protocol, remarked on the significance of this funding round: “This funding will fuel KIP Protocol’s mission to empower AI creators—model owners, data producers, and app developers—to securely deploy and monetize their assets in a decentralized environment. We move beyond pure theoretical technology to solutions and applications with actual end users. KIP’s potential market is the largest in all of DeAI, and we are positioned to fully serve it.”

Onboarding Millions of Users via Real Use Cases in DeAI

Demonstrating its commitment to real-world applications, KIP’s partnership with Moemate is set to onboard over 3 million AI users into Web3 via KIP Protocol. In parallel, KIP’s recent OCP-12 proposal led to the unanimous approval of a $10 million fund to build Open Campus U. The DeAI learning platform will leverage KIP’s cutting-edge D/RAG solution and redefine education by offering personalized learning experiences from leading educators, showcasing the immense potential of DeAI in the multi-trillion dollar education industry.

As nodes form the backbone of its DeAI ecosystem, KIP is running a node sale, offering rapidly accruing rewards from 20% of the total $KIP supply over three years. These nodes will provide the computational resources and security needed to enable real-world AI applications, underscoring the growing impact of KIP’s cutting-edge AI solutions.

About KIP Protocol

KIP Protocol builds Web3 infrastructure for AI app developers, model makers and data owners, empowering easy deployment and monetization of AI assets while maintaining full ownership rights.

KIP was a pioneer in Decentralized Retrieval Augmented Generation (D/RAG), being a winner of the Chainlink Hackathon in 2023. That expertise in D/RAG was built into a framework called KnowledgeFi, currently used by leading Web3 companies to monetise Knowledge Assets using AI.

KIP solves mission-critical challenges faced in decentralized AI deployments, with an aim to jumpstart wholly new business ecosystems, and ensure the economic benefits brought about by AI can be enjoyed by all.

Founded and helmed by veteran AI PhDs and tech business veterans, KIP aims to be a catalyst for the widespread adoption of decentralized AI.

To learn more, visit www.kip.pro or follow them on X @KIPprotocol

For media inquiries, contact press@kip.pro

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Press Release

Step into a World of Strength and Survival with ‘The Eyes From Above’

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Uncover The Secrets Of The Eyes From Above: Jabari Lamb Invites Readers On An Inspiring Journey Of Triumph, Survival, And Self-Discovery

Ride on a journey of power, survival, and the unbreakable human spirit in the new novel by Jabari Lamb titled “The Eyes From Above.” A Nationwide Release will thereafter tell the story of family, perseverance, and reclaiming one’s identity in a world fraught with danger and hostility.

Track the life of Connie, fighting his way through dangerous waters to uncover long-buried truths about his family’s past, as he evades sinister forces who are determined to stop him at every step. In Charleston, South Carolina, this is the story peeling historical trauma, mythical elements, and an African sense of roots into a bewitching tapestry of history, fantasy, and raw emotion.

There’s that richness of culture and heritage alive through the eyes of his Gullah Geechee perspective: all the trials and triumphs of the African diaspora. He spent time abroad in South Africa, exploring other pockets of the African continent; he weaves a very personal, detailed narrative of African traditions and powerful ancestral connections that should speak to readers from every part of this world.

For high drama or soul-stirring histories, be sure to read “The Eyes from Above” to question what truth is and what is in memory. This book is available in bookstores all over the country and in stores online.

About the Author

A bold, new voice in literature, Jabari Lamb blends history and mythology and his Gullah Geechee heritage in stories hard to forget. This impressive young writer’s novel, The Eyes From Above, explores African roots and displacement based on his journey learning about the Gullah Geechee people, the history of African-Americans, and his trip to South Africa. A voice unique unto his own, Jabari extends the invitation to the reader to consider the fluidity of memory and identity and, indeed, the truth. The Eyes From Above makes its wonderful debut into the literary world.

Media Contact:

Contact Person: Jabari Lamb

Email: Jabarilamb1847@gmail.com

Phone: 770-580-3190

Website: Jabarilamb.com

City: Atlanta

State: Georgia

Country: United States

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Press Release

Yijin Hardware Delivers High-Quality Sheet Metal Fabrication Services Worldwide

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United States, 17th Oct 2024, Yijin Hardware, a key player in precision CNC machining, has announced the global expansion of its sheet metal fabrication services. This development is aimed at supporting industries worldwide with high-quality, custom-engineered metal components. By extending services to new markets, Yijin Hardware strengthens its position as a reliable manufacturing partner for sectors that require precise, durable parts, such as automotive, aerospace, and electronics.

Yijin Hardware Delivers High-Quality Sheet Metal Fabrication Services Worldwide

Yijin Hardware has a long history of providing precision-engineered components, and its expansion into international markets reflects the company’s response to rising demand for reliable sheet metal fabrication services. The new offerings will include laser cutting, metal bending, welding, and a variety of other fabrication processes, designed to accommodate a wide range of industrial applications.

“Precision and quality have always been at the heart of Yijin Hardware’s operations,” said Gavin Yi, CEO of Yijin Hardware. “The expansion of sheet metal fabrication services is a natural progression in the company’s growth, enabling access to more industries worldwide that require high-performance metal components for their operations.”

The sheet metal fabrication sector has seen increasing demand as industries move towards more complex and custom-engineered solutions. Yijin Hardware’s global expansion is positioned to meet these growing needs by offering scalable services that are capable of handling both small-scale production and larger manufacturing runs. The company’s advanced facilities are equipped with the latest machinery, ensuring that each part meets precise specifications and high-quality standards.

Yijin Hardware has also invested heavily in upgrading its production infrastructure to support the increased demand from international clients. Enhancements in laser cutting, welding, and assembly operations have been key factors in enabling the company to offer a more diverse set of services globally. The ability to handle custom and high-volume orders without compromising on quality is a cornerstone of Yijin Hardware’s service offerings.

Yijin Hardware Delivers High-Quality Sheet Metal Fabrication Services Worldwide

“Looking ahead, Yijin Hardware is committed to further advancing its manufacturing capabilities,” Gavin Yi added. “There are plans to introduce more cutting-edge technologies that will enhance both CNC machining and sheet metal fabrication services. These advancements will ensure the company remains well-positioned to address the evolving needs of industries in the future.”

Yijin Hardware’s expanded services will cater to industries with a need for complex, high-precision components, including automotive parts, aerospace structures, and electronic enclosures. With a focus on maintaining strict quality control throughout the production process, the company aims to provide solutions that meet exacting industry standards.

As part of its expansion strategy, Yijin Hardware continues to emphasize innovation and efficiency. These principles are expected to guide the company’s future developments as it explores new manufacturing technologies and methods. The expansion also supports the company’s vision of being a global leader in precision engineering.

For further information about sheet metal fabrication services, please contact Yijin Hardware at +1 626 263 5841 or via email at yijing@yijinsolution.com. 

Media Contact

Organization: Yijin Hardware

Contact
Person:
Gavin Yi

Website:

http://yijinsolution.com/

Email:

yijing@yijinsolution.com

Country:United States

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Press Release

Yijin Hardware Offers Global CNC Machining Services from China

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United States, 17th Oct 2024, Yijin Hardware, a well-established provider of custom CNC machining services, has announced its expansion into global markets. The company, recognized for its precision manufacturing capabilities, aims to support international businesses in industries such as aerospace, automotive, electronics, and medical with tailored CNC solutions. This move comes as industries worldwide increasingly require high-quality, custom-manufactured components to meet modern production needs.

Yijin Hardware Offers Global CNC Machining Services from China

Yijin Hardware’s decision to extend its services beyond China reflects its commitment to addressing the needs of a broader range of industries. With years of experience in CNC machining, the company has developed a reputation for delivering reliable and precise parts to a diverse set of clients. The expansion will provide industries worldwide with access to Yijin Hardware’s capabilities, backed by advanced technology and stringent quality control.

Gavin Yi, CEO of Yijin Hardware, commented on the expansion: “This move into international markets represents a significant milestone. Yijin Hardware has always emphasized precision and reliability, and this expansion allows those same standards to be brought to clients around the world. Whether the project involves a small batch of components or a large production run, the company is prepared to meet the exacting standards required by global industries.”

Operating from its facilities in Shenzhen, Yijin Hardware manages the full lifecycle of production, from initial design to final inspection. This comprehensive approach ensures that each project is carefully monitored to meet specific client requirements. Yijin Hardware’s ability to offer customized machining solutions is seen as a key factor in its growth, particularly as companies increasingly seek specialized components for complex applications.

Previously focused primarily on the domestic market in China, Yijin Hardware’s expansion aims to deliver the same level of precision and service to international clients. By positioning itself as a global CNC machining provider, the company plans to strengthen relationships with existing partners while establishing new connections in other regions.

Yijin Hardware Offers Global CNC Machining Services from China

This global expansion comes at a time when demand for CNC machining services is rising due to the increasing complexity of product designs and the need for enhanced precision in manufacturing. As industries continue to evolve, CNC machining remains crucial to ensuring that parts meet exact specifications. Yijin Hardware has embraced this role through continuous investment in advanced equipment and machining techniques.

Looking ahead, Yijin Hardware is also focused on the future of manufacturing and its impact on sustainability. The company plans to explore new methods that reduce material waste and promote more efficient production processes. According to Gavin Yi, “As the company expands globally, attention is focused not only on immediate goals but also on contributing to long-term sustainable manufacturing. CNC machining plays a critical role in reducing waste and improving production efficiency. Yijin Hardware is committed to finding ways to make processes more environmentally friendly, to become a leader in both precision and sustainability.”

Yijin Hardware’s entry into global markets signals a broader shift in its strategy, focusing on serving a more diverse range of industries with its expertise in CNC machining. By offering international clients access to its advanced manufacturing solutions, the company aims to become a trusted partner for businesses looking to streamline production with high-quality, custom-manufactured parts.

For more information about Yijin Hardware’s global CNC machining China, inquiries can be directed via phone at +1 626 263 5841 or by email at yijing@yijinsolution.com.

Media Contact

Organization: Yijin Hardware

Contact
Person:
Gavin Yi

Website:

http://yijinsolution.com/

Email:

yijing@yijinsolution.com

Contact Number: 16262635841

Country:United States

The post Yijin Hardware Offers Global CNC Machining Services from China appeared first on
Brand News 24.
It is provided by a third-party content
provider. Brand News 24 makes no
warranties or representations in connection with it.

About Author

Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.

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