Blockchain-based AI Compute Protocol Gensyn Raises $43M Series A Led by a16z

Blockchain-based AI compute protocol Gensyn closed a $43 million Series A round led by a16z with participation from CoinFund, Canonical Crypto, Protocol Labs, Eden Block and others. The funds raised will be used to accelerate the launch of the protocol and expand its workforce, including the addition of protocol and machine learning engineers. 

Gensyn is a provider of blockchain-based computing resources for AI platforms, and the protocol enables developers to build AI systems on smaller data centers, personal gaming computers, and other connected hardware and to pay on demand. Gensysn uses a cryptographic verification network that allows users to determine whether machine learning work shared over the protocol has been done correctly without the need for intermediary.

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