The blockchain AI computing protocol Gensyn has completed a $43 million Series A funding round, with a16z leading the investment.

According to BlockBeats news on June 12th, Gensyn, a blockchain-based artificial intelligence computing protocol, has completed a $43 million Series A financing round. The round was led by a16z, with participation from investment companies CoinFund, Canonical Crypto, Protocol Labs, Eden Block, and several angel investors in the artificial intelligence and crypto fields. Gensyn stated that it will use the new financing to accelerate the launch of its protocol and expand its staff by hiring machine learning engineers. BlockBeats previously reported that in March of last year, Gensyn completed a $6.5 million seed funding round led by Eden Block, with participation from Galaxy Digital, Maven 11, Coinfund, Hypersphere, and Zee Prime.