We are thrilled to announce the successful closure of our strategic funding round led by Animoca Ventures.
Our mission at KIP Protocol is to build secure and gas-efficient Web3 infrastructure, empowering AI creators – whether app developers, model makers, or data owners – to deploy their work on Web3 while retaining full ownership, interacting and transacting with other AI assets, and monetising without losing control over access.
With KIP Protocol, AI app developers can seamlessly create decentralised apps linking to a wide variety of models, drawing data from decentralised knowledge bases to provide decentralised Retrieval-Augmented Generation (RAG) services.
The early alpha of KIP Protocol’s code was recognised as a prize winner at Chainlink’s 2023 Fall Hackathon, setting the stage for our vision to spawn a vibrant business ecosystem of independent AI apps, models, and knowledge bases.
Diverse Participation Reflects Global Reach
Our collaboration with Animoca Ventures underscores our shared vision of driving AI decentralisation and protecting the digital property rights of value creators in AI through Web3.
We are proud to have attracted a diverse group of investment DAOs, Web3 community leaders, and funds across multiple geographical territories, including B.Army (Vietnam), CSP DAO (EMEA), MQdao, Spicy Capital (Latin America), Skyvision Capital (HK), and Purechain Capital (UK).
James Ho, Head of Animoca Ventures, stated:
“KIP Protocol’s goals of creating a more competitive playing field for all AI creators are strongly aligned with Animoca’s vision of a more equitable Internet underpinned by true digital property rights. We at Animoca Ventures are focused on finding and supporting innovative new teams in Web3 and the KIP Protocol team boasts a unique blend of deep AI credentials, Web3 experience, and business savvy. We are delighted to be an early backer in their quest.”
Dr. Jennifer Dodgson, Chief AI Officer and Co-Founder of KIP Protocol commented:
“We believe that AI advances fastest through cheap, small-scale experimentation and evolutionary pruning. With the help of Animoca Ventures, we aim to create a future in which everyone has the potential to build the next GPT.”
Julian Peh, CEO and Co-Founder of KIP Protocol added:
“AI could be the most powerful technological force driving humanity’s progress in the future. Everyone, not just tech giants, should be able to reap the economic benefits of the AI-driven era. KIP Protocol was born from the necessity to re-level the playing field for all AI contributors, irrespective of their size. We are grateful to Animoca Ventures, and our global group of investors for their support for our mission.”
Building a Decentralised AI Future with KIP Protocol
We are building a three-layered architecture, powered by the $KIP token, to safeguard the ownership rights of all key stakeholders and serve as a catalyst for the adoption of decentralised AI. The launch of the first dApp on KIP Protocol is slated for Q1/Q2 2024.
We are excited about the future possibilities and grateful for the support from our investors and partners. Stay tuned for more updates as we continue to revolutionise the AI landscape through decentralisation.
