KIP Protocol, a decentralized underlying protocol focused on AI, completes $5 million in private round of financing, led by Animoca Ventures and Tribe Capital

BlockBeats news, on August 16, according to official news, KIP Protocol, a decentralized underlying protocol focusing on AI, announced the completion of a $5 million private financing, which was jointly led by Animoca Ventures and Tribe Capital. Other investors include GBV Capital, DWF Ventures, Morningstar Ventures, etc. As of now, KIP Protocol has completed a total of $10 million in financing.

As the world's first underlying protocol to support decentralized retrieval-enhanced generation networks (dRAG), KIP Protocol provides the most advanced Web3 infrastructure, enabling App developers, model makers, and data owners to achieve seamless deployment, monetization, and full property rights in Web3. KIP Protocol provides comprehensive tools and services, and is committed to breaking the monopoly barriers of the AI industry and providing a fairer environment for AI developers and consumers. This round of financing will further promote KIP Protocol's mission of decentralized AI development, and drive unprecedented applications and innovations by creating powerful and secure decentralized AI solutions.

Previously, KIP Protocol officially announced its cooperation with Moemate, a leading AI Agent entertainment platform, to lead 3 million Web2 AI users into Web3. KIP also obtained the $10 million fund management rights provided by Open Campus, and worked together to lay out and develop the "DeAI+Education" map, and worked together to build a leading, decentralized AI-driven online learning education platform OCU, providing a personalized learning experience and redefining decentralized education. Through these collaborations, KIP has realized real use cases for decentralized AI.