Ai16z and Ryze Labs accomplice to launch AICombinator program and announce $5 million in funding to help builders

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New York, NY, November 18, 2024, Chainwire

Mission founders obtain early entry to make use of newly launched options in ai16z's Eliza framework

Ryze Labs and ai16z, the primary enterprise capital agency run by autonomous AI brokers to spend money on AI-driven innovation, immediately introduced the AICombinator program and $5 million funding aimed toward supporting the expansion of the ai16z ecosystem. We introduced the launch of a fund. As an investor in best-in-class Web3 tasks, Ryze Labs works with ai16z to find and fund the subsequent era of builders constructing on the intersection of AI and cryptocurrencies.

Mission founders who be a part of the ai16z and Ryze Labs AICombinator applications will obtain entry to a $5 million funding pool, plus early entry to newly launched options in ai16z's Eliza framework roadmap . The Eliza framework is a versatile AI instrument for creating distinctive, interactive characters that may hook up with Discord and Twitter, and is broadly used to develop cryptographic AI brokers.

“The rise of AI brokers leveraging crypto rails is essentially the most important paradigm shift for the reason that rise of on-chain DeFi in late 2020,” commented Matthew Graham, Managing Associate at Ryze Labs. “ai16z is main on this house and we wish to help the expansion of their ecosystem by making a number of investments in tasks that work on the intersection of AI and cryptocurrencies. has seen a neighborhood of gifted and hungry builders kind across the ai16z and Eliza frameworks and develop into areas similar to buying and selling and asset administration. We’re proud to help the crew in realizing their imaginative and prescient of making a vibrant ecosystem of brokers.The way forward for cryptocurrency and AI integration is now, and we’re collaborating with the builders and tasks that make it occur. I’m trying ahead to doing it.”

Joven Wu, director of Ryze Labs, added: “I'm actually impressed by Shaw's aim of constructing a world the place anybody can launch their very own AI agent, and the place the agent can study and develop to adapt to any scenario, carry out any job, and grasp any operation. I acquired the talent. We’re solely now starting to know how cryptocurrencies and AI can work collectively to revolutionize finance. There may be numerous potential on this house and we’re very excited to accomplice with ai16z to help the way forward for AI and crypto. ”

To keep up the standard of the ai16z ecosystem, all tasks should move due diligence checks earlier than becoming a member of this system. Initiatives serious about making use of ought to go to aicombinator.io.

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About Ryze Labs

Ryze Labs invests in blockchain expertise builders all over the world who’re designing Web3 functions designed to speed up the adoption of the subsequent era web and democratize entry. Ryze Labs has at all times been based by hard-working visionaries to help cutting-edge expertise tasks within the subsequent Silicon Valley. Ryze Labs goals to leverage its rising market experience as a strategic investor in best-in-class Web3 tasks and develop its worldwide presence into rising markets with excessive development potential. Ryze has invested in a few of the most profitable Web3 tasks of all time, together with LayerZero, Polygon, and Wintermute.

About ai16z

Ai16z is the primary enterprise capital agency led by an AI agent. Their AI management crew goals to form the way forward for AI. We join AI entrepreneurs, traders, and specialists to foster the expansion of a quickly evolving ecosystem. The singularity is approaching and we’re right here to advance it.

For extra info, please go to ai16z.ai.

contactM group representing Ryze Labs[email protected]

This text was initially printed on Chainwire