LYS Labs has successfully raised 4 million USD to develop a machine intelligence layer on the Solana blockchain.
The company focuses on transforming unstructured blockchain data into actionable information, while providing integrated AI on-chain operational solutions for developers and users.
MAIN CONTENT
LYS Labs raised 4 million USD including 2 million USD angel round and 2 million USD seed round.
Developing a machine intelligence layer helps process unstructured blockchain data of Solana.
The low-latency development gateway and AI assistant Solexys has attracted over 200 users.
How does LYS Labs raise funds to develop machine intelligence on Solana?
LYS Labs has completed a funding round totaling 4 million USD, including 2 million USD in angel round and 2 million USD in seed round in August 2023. This investment aims to build a machine intelligence layer for the Solana blockchain, a significant step towards enhancing data processing and analysis capabilities.
The fundraising reflects investors' confidence in the potential to transform complex blockchain data into valuable information used in various AI applications based on on-chain. This is a foundation for driving intelligent agents to operate efficiently on Solana.
What value does LYS Labs create from unstructured blockchain data?
LYS Labs specializes in providing technology to transform unstructured blockchain data into actionable information, supporting on-chain operations. This enables AI systems and applications to quickly and accurately access blockchain data on Solana to proactively respond or make decisions.
Transforming raw, mixed data into meaningful structures is a key step in improving the experience of Smart Contracts and intelligent DApps on this blockchain. The platform also helps users easily access data for research and develop customized AI agents.
The construction of a machine intelligence layer on Solana will open up new opportunities for the direct application of AI on-chain, enhancing the efficiency and speed of blockchain data processing.
LYS Labs Expert, 2023
What tools has LYS Labs deployed in the Solana ecosystem?
LYS Labs currently operates a low-latency developer gateway, supporting data access and interaction on the testnet. This toolkit helps developers quickly integrate and test AI applications operating on-chain.
Notably, LYS Labs' AI assistant Solexys has attracted over 200 users, contributing to the platform's affirmation of its usefulness in supporting automation tasks based on blockchain data. This demonstrates the practical application and development potential of intelligent agents within the Solana community.
Frequently Asked Questions
How much has LYS Labs raised and from which rounds?
LYS Labs successfully raised 4 million USD, including 2 million USD in angel round and 2 million USD in seed round in August 2023.
What solutions does LYS Labs develop on the Solana blockchain?
The company focuses on building a machine intelligence layer to convert unstructured blockchain data into AI-applicable information.
What products has LYS Labs launched for developers?
LYS Labs operates a low-latency developer gateway on the testnet and has the AI assistant Solexys with over 200 users.
What role does LYS Labs' AI assistant Solexys play?
Solexys supports the automation of tasks on the blockchain, helping users operate and mine on-chain asset data more effectively.
How does LYS Labs process blockchain data?
LYS Labs transforms raw, unstructured data into structured data, helping AI and Smart Contracts operate quickly and accurately.
Source: https://tintucbitcoin.com/lys-labs-huy-dong-4-trieu-usd/
Thank you for reading this article!
Please Like, Comment, and Follow TinTucBitcoin to stay updated with the latest news about the cryptocurrency market and not miss any important information!
