Decentralized protocol Swarm Network completes 13 million USD in financing

On August 27th, Swarm Network announced it secured 13 million USD in funding to further its decentralized AI verification technologies. This funding features a 10 million USD public sale of proxy licenses on the Sui network and an additional 3 million USD through investments from Sui, Ghaf Capital, Brinc, Y2Z, and Zerostage.

The Swarm Network protocol aims to transform off-chain data into verifiable on-chain information by utilizing AI and zero-knowledge proofs. This initiative is designed to enhance integrity and transparency in data verification.

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