TLDR:
- Contango has successfully closed $5 million on their $10 million Blockchain x AI Seed Fund.
- The fund aims to invest in North American seed round companies at the intersection of blockchain and artificial intelligence.
Contango Digital Assets has reached a significant milestone by closing $5 million on their $10 million Blockchain x AI Seed Fund. The fund is dedicated to investing in North American seed round companies building at the intersection of blockchain and artificial intelligence. With notable investors like the CEO of Quantstamp, the CFO at SingularityNet, and the CEO at WonderFi, the fund has a strong backing that positions it well to drive forward the convergence of blockchain and AI technologies. The Managing Partners, Mike Grantis and Joshua Field, bring a wealth of experience and expertise to the fund, having participated in over 80 related Angel investments since the company’s inception.
The fund has allocated capital to projects in the Bittensor ecosystem, a leading decentralized AI project, and has fostered relationships with other AI-related ecosystems such as SingularityNet and Akash. This strategic approach ensures that the fund remains at the forefront of innovation in blockchain and AI. The Managing Partners reiterated the fund’s focus on accelerating the adoption of decentralized systems, particularly decentralized AI, and expressed their commitment to backing projects in this direction to provide a counterweight to centralized alternatives. With a strong team, strategic vision, and robust network of partners and investors, the Contango Blockchain x AI Fund is poised to drive innovation and growth at the dynamic intersection of blockchain and artificial intelligence.
