TechFlow News: According to official updates, Gensyn, a blockchain-based AI compute protocol, has raised $43 million in Series A funding led by a16z, with participation from CoinFund, Canonical Crypto, Protocol Labs, Jsquare, Eden Block, and several angel investors. The funds will accelerate the protocol’s rollout and expand its team, including hiring more protocol and machine learning engineers.
Gensyn is a provider of blockchain-based computing resources for artificial intelligence (AI) platforms, connecting developers (anyone capable of training machine learning models) with solvers (those seeking to train such models). By leveraging the long tail of underutilized, machine learning-capable computing power worldwide—such as small data centers, personal gaming computers, M1 and M2 Macs, and even smartphones—Gensyn aims to increase available computing capacity for machine learning by 10 to 100 times.
