Swarm Network Turns AI Verification Into a Crowdsourced Goldmine

Swarm Network, a decentralized artificial intelligence (AI) protocol, has secured $13 million in funding to develop its AI verification system. The capital was raised through a combination of $10 million from a public Agent License Sale on the Sui blockchain and $3 million in strategic investments from firms including Sui, Ghaf Capital, Brinc, Y2Z, and Zerostage. This round underscores growing investor confidence in decentralized AI solutions and the potential for blockchain to enhance data verification and trust in digital environments [1].

The Agent License Sale, a core component of the funding strategy, issued non-fungible tokens (NFTs) that allow holders to operate AI agents on the Swarm Network. Each license entitles its holder to daily rewards for contributing to the network’s integrity. To date, over 10,000 Agent Licenses have been sold, reflecting strong public interest in the platform’s decentralized structure [2]. The sale was conducted on Sui’s network, a key partner in the project, and the investment from Sui and others was facilitated through Swarm’s participation in SuiHub’s Dubai-based global accelerator. The accelerator received over 630 applications from 152 countries, with an acceptance rate of just 1.3%, highlighting the competitive landscape and the quality of Swarm’s proposal [3].

The decentralized AI verification protocol being developed by Swarm Network aims to transform raw off-chain data into verifiable on-chain information. This approach is particularly relevant in an era where misinformation and data integrity are pressing concerns. An early application of the technology is already in use by Rollup News, an AI-powered fact-checking platform. With over 128,000 users and more than three million posts verified to date, Rollup News demonstrates the real-world utility of Swarm’s technology in combating misinformation and establishing trust in digital content [4].

The funding will also support the development of new features, including the upcoming Agent BUIDL tool, which will allow license holders to customize and train their AI agents. This feature is designed to enhance the performance of AI agents and optimize their ability to perform specific verification tasks. By enabling operators to tailor their AI agents, Swarm is fostering a dynamic and collaborative ecosystem in which accurate information becomes a shared and profitable commodity [5].

Industry observers are closely watching the convergence of blockchain and AI, with several major developments in the space over recent months. For instance, Numerai, an AI-driven hedge fund, has secured a $500 million commitment from JPMorgan Asset Management, while Kraken acquired a no-code trading automation platform, further expanding the role of AI in financial markets. These developments underscore a broader trend in which AI is reshaping the financial and technological landscape [6].

Swarm Network’s progress is being closely followed by Sui, which has positioned the project as a key player in its expanding ecosystem. Sui co-founder Kostas Chalkias praised the team, stating, “We need some strong teams in the AI spectrum. Swarm’s whole presentation is appealing; they’re in this space of successful startups.” With support from Sui and a growing base of license holders, Swarm is well-positioned to advance its vision of a decentralized verification economy, where accurate information is both a public good and a valuable asset.

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 ... (https://markets.businessinsider.com/news/currencies/swarm-network-secures-13m-with-support-from-sui-to-advance-decentralized-ai-verification-1035083771)

[3] Swarm Network raises $13 million to advance ... (https://www.cryptowisser.com/news/swarm-network-raises-13m-usd-to-take-decentralized-ai-verification-to-a-new-level/)

[4] Swarm Network raised $13M to facilitate decentralized AI (https://www.coinglass.com/ru/news/543364)

[5] Swarm Raises $13 Million From Sui to Advance ... (https://u.today/swarm-raises-13-million-from-sui-to-advance-decentralized-ai-verification)