AI Revolution In Web3: Orbofi AI Raised $2.8M in Huge Funding Round

The AI revolution in Web3 is intensifying, according to the latest reports. Orbofi managed to raise $2.8 million in a huge funding round. Here are more details about this below.

Orbofi AI, a top generative AI engine for web3, games, apps, media, and online communities, has successfully raised a significant $2.8 million in funding through private and public token sales.

A group of reputable venture capital firms, including Cogitent Ventures, OIG Capital, CSP DAO, Zephyrus Capital, and Halvings Capital, among others, led the private round.

Orbofi AI is making a name for itself as a standout player in the constantly evolving world of web3.

With their AI engine, users can create a wide range of content, including visual media, 2D and 3D images, sounds, and various other digital assets.

More than that, it is also important to note the fact that it enables anyone with a phone to create and monetize AI models, fostering a vibrant and prosperous digital ecosystem.

Orbofi AI has a constantly growing user base and has already gained 95,000 users globally. It continues to grow at a steady pace.

Their ambitious goal is to fuel the creativity of 2 billion individuals by transforming intangible concepts into concrete digital assets.

The capital city of China, Beijing, has released a white paper with the goal of promoting innovation and development within the web3 industry.

The online publication The Block notes that the whitepaper is dubbed the “Web3 Innovation and Development White Paper (2023).”

They also noted the fact that the document states that web3 technology is an “inevitable trend for future Internet industry development,” according to a report from local news outlet The Paper.

The white paper was released at the Zhongguancun Forum by the Administrative Commission of Zhongguancun Science Park, also known as the Beijing Municipal Science & Technology Commission.