On Tuesday, it seemed like the entire cryptocurrency market was in a frenzy. These three startups—ORO AI, Resolv Labs, and Neutrl—provenly punched above their weight to raise a combined $21 million in seed funding. All of these investments are an indication of the increased interest and faith being placed in new, disruptive blockchain and DeFi technologies. ORO AI, a decentralized AI platform, blazed the trail, raising $6 million in its seed round. After that, Resolv Labs, a Delta neutral stablecoin protocol, raised $10 million, and Neutrl, a DeFi protocol went on to raise $5 million in their seed round. The infusion of capital is expected to fuel further development and expansion of these platforms, contributing to the evolution of the crypto landscape.

ORO AI Secures $6 Million to Advance Decentralized AI

ORO AI is a decentralized AI platform focused on opening up high quality, private data to create advanced AI models. They recently closed an oversubscribed $6 million seed round financing. The new round was led by a16z Crypto Startup Accelerator (CSX) and Delphi Ventures. Their participation is a significant vote of confidence in ORO AI’s vision and technology. Other impactful investors like Ocular VC, Orange DAO, NEAR Protocol, and 0G Labs are in. Their participation underscores the platform’s ability to disrupt the AI and blockchain industries.

ORO AI’s platform is the safe, permissioned way to share your valuable data. For these reasons, it directly responds to a critical need in the current AI development landscape. ORO AI uses blockchain technology to protect and empower AI developers. They are able to train models on high-quality datasets without compromising on data privacy. This strategy encourages innovation and builds trust and collaboration across the AI community.

This infusion of capital will be key in helping to speed up the development and deployment of ORO AI’s platform. The company intends to use the capital to grow its team, develop its technology, and build strategic partnerships. ORO AI endeavors to be a leading provider of decentralized AI solutions. It helps developers build better, more advanced, and fair AI models.

Resolv Labs Raises $10 Million for Delta Neutral Stablecoin Protocol

We’re excited to announce that Resolv Labs has recently closed on $10 million seed round financing! The company is working to build out a Delta neutral stablecoin protocol. Cyber co-led the financing, a powerful signal of support for Resolv’s novel approach to stablecoins. Resolv’s protocol is centered around tokenizing a market-neutral multi-asset investment portfolio. This direction offers a more engaging and perhaps even more sustainable option than the usual fare of stablecoins.

That’s why the Resolv protocol is attempting to build a more resilient, less volatile digital currency. It accomplishes this aim by lowering the risks associated with market fluctuations. As per RootData, Resolv is a Delta neutral stablecoin protocol. It does this by constantly hedging its positions so that its value stays the same even when the prices of underlying assets go up or down. This model might capture investors who want a predictable, inflation-resistant store of value. It engenders trust among users as they navigate the often-turbulent cryptocurrency market.

This funding will allow Resolv Labs to continue developing and iterating on its protocol. It’ll give them the opportunity to test extensively and build a healthy, robust ecosystem around their eventually grand stablecoin. We hope to continue collaborating with other DeFi projects and partners on building these strategies out. This partnership will increase the utility and adoption of its stablecoin, increasing growth and stability in the overall DeFi ecosystem.

Neutrl Secures $5 Million to Advance DeFi Protocol

Neutrl, a DeFi protocol focused on providing innovative financial solutions, announced the completion of a $5 million seed round financing. The financing was led by STIX and venture capital firm Accomplice, highlighting the growing interest in DeFi platforms that offer novel and accessible financial services. Others including Amber Group, SCB Limited, Figment Capital, Nascent and a whole host of crypto angel investors are following. Their participation is an enormous vote of confidence in Neutrl’s vision and potential.

Through its DeFi protocol Neutrl directly gives users access to a diverse range of financial tools and services. You can seamlessly lend, borrow, and trade in a decentralized and fully transparent manner. By using blockchain technology to eliminate middlemen, Neutrl addresses this challenge. Providing upfront cost savings and more easily making financial services available to more people, this action saves consumers millions. By making the protocol easy to use and intuitive, our focus is on bringing more users into the DeFi ecosystem.

The newly raised capital will go towards speeding up the development and expansion of Neutrl’s DeFi protocol. The opportunity The company is continuing to develop their platform and bring on new technology. In addition, it is forming deep, strategic partnerships to increase its national reach and impact. Neutrl is looking to establish itself as the world’s leading DeFi platform. It puts users in the drivers’ seat when it comes to managing their money and participating in an ever more inclusive and equitable financial system.