Decentralized AI infrastructure project Rivalz Network raises $9 million in recent funding rounds
Odaily News Decentralized AI infrastructure project Rivalz Network has raised $9 million in recent rounds of financing. Major investors include Delphi Ventures, D1 Ventures, Gate.io, Magnus Capital and Cogitent Ventures. In addition, other investors include Zee Prime, Caballeros, Formless Capital, Dweb3, Mask.io, BitsCrunch, SL2, Momentum6, 4RC, Stakewithus, NewTribe, Autonomy Capital, Optic, Emoote, BlockBuilders, OIG, The Rollup, IBC, DWF Labs, GSR, Rana, CFG Labs, Basics Capital, Blocktheory, Pragma, X21, Kyros, iAngels and Wise3 Capital, as well as angel investors including from 0g Labs, Clique, Metaking Studios (Blocklords) and Vader Research. According to reports, Rivalz is solving a key bottleneck in AI development-the need for AI-ready, verified, verified and private data. Rivalz's DePIN dual-chain infrastructure is built on Dymension and Arbitrum, which will revolutionize the AI landscape. By providing a hybrid and novel approach to decentralized storage and connection networks, Rivalz aims to unlock the next stage of AI development and promote agency business. Rivalz's AI Intel Layer consists of three basic components: a decentralized data provenance protocol, secure and scalable data storage that supports FHE, and Agentic Data Coordination Service (ADCS). With the new capital, Rivalz plans to accelerate development work, expand infrastructure capabilities and enhance the ecosystem. The funds will be used strategically to drive innovation, strengthen partnerships, and expand the project's product offerings to meet the growing demand for decentralized, high-quality AI data solutions. (Cointelegraph)
Odaily reports that according to Onchain Lens monitoring, a whale's BTC and ETH positions worth $63.97 million on Hyperliquid were liquidated 3 hours ago, resulting in a loss of $10.76 million. Its cumulative liquidation loss stands at $16.13 million, with a lifetime loss of $18.52 million. It currently has no open positions.
Odaily reports that according to Onchain Lens monitoring, Chainlink Reserve added 106,300 LINK today, bringing its cumulative purchases to 6.68 million LINK, valued at approximately $75.06 million. Over the past 30 days, Chainlink Reserve purchased 471,200 LINK, valued at approximately $5.36 million.
According to Onchain Lens monitoring, a whale was liquidated 4 times within 33 minutes, with cumulative losses of $972,700. The whale still holds a BTC long position worth $16.16 million with 40x leverage, a liquidation price of $71,119, just 1.07% away from the current price, an unrealized loss of $609,500, and cumulative losses of $1.01 million.
Odaily reports that Nvidia's (NVDA.O) interim CEO is not the leader of the company's major decisions and is not responsible for setting the company's major decision agenda. (The Information)
