The decentralized AI network GenLayer developer YeagerAI has completed a $7.5 million seed round financing.

ChainCatcher news, according to The Block, the development company behind the decentralized artificial intelligence network GenLayer, YeagerAI, has completed a $7.5 million seed round financing, led by North Island Ventures, with participation from Node Capital, Arrington Capital, ZK Ventures, WAGMI Ventures, BlockBuilders, Arthur Hayes's family office Maelstrom, and several angel investors.

It is reported that the YeagerAI team is pioneering a technology solution called "smart contracts," which is a blockchain-based system that utilizes large language models connected to the internet to execute functions. GenLayer also employs artificial intelligence in its customized delegated proof-of-stake algorithm, which randomly selects a chief validator to propose outputs, followed by voting from four other validators connected to different LLMs. If the subjective output receives majority support, the transaction is processed.