Decentralized AI infrastructure Swan Chain completes $3 million seed round financing, led by Binance Labs and SNZ.

ChainCatcher news, the decentralized AI infrastructure Swan Chain has completed a $3 million seed round financing, led by Binance Labs and SNZ. Other participants include Outlier Ventures, Protocol Labs, Waterdrip Capital, FBG Capital, Chainlink Labs, Gate.io, Betterverse DAO, Chain Capital, Cabin.vc, LD, CSPDAO, W3coins, Criterion, and KONDR DAO.

This round of financing ended in January 2023, and the funds will expand the Swan Chain team and further develop its resources for building AI blockchain infrastructure.

According to the Web3 asset data platform RootData, SwanChain (formerly known as FilSwan) was launched in 2021 and is a decentralized infrastructure aimed at accelerating AI applications. Utilizing OP Stack's Ethereum Layer 2 technology, SwanChain combines Web3 with AI to provide a comprehensive solution covering storage, computing, bandwidth, and payments.