Ankr launches AI-focused Layer 1 blockchain Neura on public testnet
Quick Take
- Web3 infrastructure provider Ankr has launched the public testnet for its AI-focused Layer 1 blockchain, Neura.
- Ankr Network’s ANKR token will act as Neura’s native cryptocurrency, with a mainnet launch anticipated later this year.
How Neura works
Built on the Cosmos SDK and compatible with the Ethereum Virtual Machine, Neura handles AI model data by integrating with off-chain storage solutions such as Celestia, EigenLayer, IPFS, and Arweave. Neura also leverages the security of the Bitcoin network through an integration with the Bitcoin staking protocol Babylon.
The Neura team previously said that implementing token standards like ERC-404 and ERC-7641 will enable fractional ownership and transparent revenue sharing in the ecosystem, facilitating its “Initial Model Offering” token sales for projects via crowdsourced capital raises.
Ankr is among several projects seeking to leverage the integration of AI and crypto. In January, imgnAI closed a $1.6 million seed round led by Hack VC to support a “digital companion” launch. Bagel Network, a decentralized data platform aiming to support machine learning models, also recently raised $3.1 million in a pre-seed round led by CoinFund.
Disclaimer: The Block is an independent media outlet that delivers news, research, and data. As of November 2023, Foresight Ventures is a majority investor of The Block. Foresight Ventures invests in other companies in the crypto space. Crypto exchange Bitget is an anchor LP for Foresight Ventures. The Block continues to operate independently to deliver objective, impactful, and timely information about the crypto industry. Here are our current financial disclosures.
© 2023 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
About Author
Editor
Tim Copeland at
[email protected]