Decentralized AI Agents Now Powered by $13M Crowd-Sourced Trust Network

Swarm Network, a decentralized artificial intelligence (AI) protocol, has successfully secured $13 million in funding to develop its decentralized AI verification system, with $10 million raised through the public sale of Agent Licenses and $3 million from strategic investors, including Sui, Ghaf Capital, Brinc, Y2Z, and Zerostage [1]. The Agent License Sale, conducted on Sui’s network, served as operational keys for the AI Agent Layer and generated significant public interest, with over 10,000 licenses sold [2]. Each license is a non-fungible token (NFT) that allows its holder to earn daily rewards for operating AI agents and maintaining network integrity [1].

The strategic investments were facilitated through Swarm’s participation in SuiHub’s Dubai-based global accelerator, a highly competitive program that accepted only 1.3% of over 630 applications from 152 countries [2]. Sui co-founder Kostas Chalkias expressed strong support for Swarm, noting the project’s appeal and potential for success in the AI space [2]. The funding will support the development of the AI Agent Layer, with upcoming features such as Agent BUIDL enabling license holders to customize and train AI agents for specialized verification tasks [2].

Swarm Network is focused on building a decentralized protocol that converts off-chain data into verifiable on-chain information, addressing key challenges in digital information integrity. The project has already seen adoption in the AI-powered fact-checking solution Rollup News, which has attracted over 128,000 users who have verified more than 3 million posts to date [1]. This early success highlights the growing interest in decentralized AI verification and its potential to enhance trust in digital ecosystems.

The collaboration with Sui underscores the broader integration of AI and blockchain technologies, with Sui playing a key role in supporting Swarm’s infrastructure and ecosystem expansion. Swarm plans to enhance Rollup News with additional features and expand its agentic layer, supported by its network of license holders. The project emphasizes a decentralized verification economy, where accurate information is both shared and monetized through collaborative efforts [2].

The rise of AI agents in the crypto space is gaining traction, with industry leaders anticipating their increasing role in decentralized communities. Swarm’s approach aligns with these expectations, leveraging AI for trust and transparency in digital transactions and information sharing. The project represents a significant step in the convergence of blockchain and AI, potentially reshaping how decentralized systems manage data and verification.

Source:

[1] Swarm Network Raised $13M to Facilitate Decentralized AI (https://cointelegraph.com/news/swarm-network-13m-funding-decentralized-ai)

[2] Swarm Network Secures $13M With Support From Sui To Advance Decentralized AI Verification (https://mpost.io/swarm-network-secures-13m-with-support-from-sui-to-advance-decentralized-ai-verification/)