ACN Newswire

2024-10-17 08:00

Canyon Network Secures $6 Million at $60M Valuation for Its Onchain AI Oracle

NEW YORK, Oct 17, 2024 - (ACN Newswire) - Canyon Network, the Onchain AI Oracle that delivers verifiable AI power for decentralized applications (dApps), is proud to announce the completion of a $6 million private funding round at a $60M valuation.

This round was backed by an esteemed group of investors with expertise in both blockchain and AI, including including DeData Technologies, DAO Venture, Vinci Labs, and Fission Digital Capital.

By leveraging cryptographic technologies, including Trusted Execution Environments (TEE), operational Machine Learning (opML), and Zero-Knowledge Machine Learning (zkML), Canyon Network aims to eliminate trust assumptions and enhance development and security in blockchain ecosystems.

"In an era increasingly defined by AI-driven automation and the expansion of intelligent systems, the need for verifiable and transparent AI solutions has never been more pressing. Without systems that can verify outputs and validate the truth of information, we risk descending into chaos" says Dr. Tim Willis, the co-founder of Canyon Network.

With this belief, Canyon Network is building the must-needed Onchain AI Oracle to address critical trust and security challenges within blockchain ecosystems. By offering verifiable AI power that eliminates traditional trust assumptions, Canyon Network ensures that dApps can operate securely and with integrity. The new funding will enable Canyon Network to achieve several key milestones:

  • Develop and launch its next-generation Onchain AI Oracle, solidifying its leadership in the AI/blockchain intersection
  • Expand the network's cryptographic capabilities to enhance security, scalability, and trustworthiness
  • Foster the growth of a vibrant developer and user community, facilitating widespread adoption of its solutions
  • Accelerate partnerships with decentralized applications in high-impact sectors such as decentralized finance (DeFi), governance, Webb social, and gaming
  • Secure brand visibility to drive future integrations across the Web3 landscape

At the heart of Canyon Network's vision is the belief that truth, transparency, and verifiability must remain paramount in an age of rapid technological advancement. As AI and automation reshape industries, societies, and economies, the integrity of the systems we rely upon becomes critically important.

While still in its early stage of development, Canyon Network has already laid out an ambitious roadmap, with the release of its Minimum Viable Product (MVP) scheduled for Q4 this year. This milestone will mark a significant step forward in the company's mission to redefine how AI is integrated into blockchain and dApp development, ensuring that trust and security are embedded at every stage.

The funding raised will catalyze Canyon Network to continue innovating and ensuring that decentralized applications can thrive in a landscape driven by verifiable AI. In a world increasingly characterized by automation, Canyon Network's commitment to transparency and security stands as a call for truth—a fundamental principle in the responsible deployment of AI across blockchain ecosystems.

Social Links
X: https://x.com/canyon_labs  
Telegram: https://t.me/officialcanyonchat 
Medium: https://officialcanyonnetwork.medium.com/ 

Media Contact
Canyon Network
Media team
Website: https://canyon.io/ 



Copyright 2024 ACN Newswire. All rights reserved. www.acnnewswire.com

人氣文章
最近7天
1
高息定存 | 6個月港元定存3.8厘新高,188日快閃優惠3.68厘
2
高息定存 | 富邦推快閃定存優惠3個月3.9厘,華僑188日3.68厘
3
專訪|林本利系列專訪逢周五登場,股市篇:勿驚美股調整,港股那些可以放心買那些勿沾手(有片)
4
高息定存 | 工銀亞洲推3個月5厘息搶新客,招商永隆推快閃優惠
5
專訪|林本利系列專訪一連三個周五登場,樓市篇:中原指數長線重返180,買樓勿買新樓(有片)
6
高息定存 | 信銀國際上調1個月定存年息至高達3.88厘
7
神州經脈 | 特別國債或發3萬億,滬指逼近三千四,日外相訪華
8
回顧展望-新股復燃 | 政策市激發IPO 惟六成新股破發損行情
9
回顧展望-國際形勢 | 全球動盪戰火連天,特朗普時代重臨
10
高息定存 | 聖誕前夕銀行加存息吸資金,大眾3個月加至3.6厘
11
回顧展望-共渡時艱 | 表列機構對今明年本港經濟增長預測
12
回顧展望-樓盡六壬 | 甲廈租金明年料跌9%,華潤頻買民生商場
13
【FOCUS】「晶片戰」揮新大棒,技術制華恐適得其反
14
【FOCUS】「無厘頭」減息釀驚嚇,長債失控顯聯儲失信譽
15
【FOCUS】零售寒冬襲京滬港,逆市奇葩值借鏡
16
神州經脈 | 工業利潤降幅收窄,低空經濟發展司成立,滬指全周升
17
今日焦點股 | 據報螞蟻集團重組架構,劉政或出任首席財務官
18
港股 | 蕭猷華:恒指料退守至18600點,宜逢低吸納
19
內銀股 | 人行再提擇機減息降準,內銀獲中金唱好,應該點部署?
20
神州經脈 | 換手機可獲政府補貼,政策利率將降,滬指周挫逾5%
21
神州經脈 | PMI遜預期,滬指全年止跌回升,人幣年度貶幅擴
22
回顧展望-國際金融 | 金融市場現重要轉折,戰亂刺激避險
23
新股掛牌 | 布魯可首日掛牌升41%,每手賺7395元
24
回顧展望-息息相關 | 銀行股明年看好滙控,重組有利減低支出
25
高息定存 | 一周高息合集,銀行年尾搶資金,大眾3個月3.6厘
26
大國博弈 | 【FOCUS】騰訊商湯寧德重挫,CMC清單劍指軍民融合
27
高息定存 | 一周高息合集,恒生1個月定存4厘,工銀亞洲3個月最高5厘
28
回顧展望-人幣走貶 | 關稅殺到,先貶為敬,人幣明年勢見7.5
29
【FOCUS】華府停擺鬧劇又起,馬斯克功力再進化
30
港股 | 蕭猷華:恒指維持19700點至21000點上落
專業版
HV2
精裝版
SV2
串流版
IQ 登入
強化版
TQ
強化版
MQ

【etnet 30周年】多重慶祝活動一浪接一浪,好禮連環賞!

【etnet 賞你】賞 MOKO x Cheeky Cheeky「厚」有福氣利是封 及「熊 MEOW 」火柴盒造型年曆卡!

etnet榮獲HKEX Awards 2023 「最佳證券數據供應商」大獎

大國博弈

貨幣攻略

說說心理話

聖誕新年特輯

Watch Trends 2024

北上食買玩

Art Month 2024

秋天養生食療

山今養生智慧

輕鬆護老