Semiotic AI receives $ 60 million from the Graph Foundation to aid ecosystem development

Semiotic AI becomes the third core protocol developer to join the World Wide Web 3 network this year, and aims to improve the security, scalability and cost-effectiveness of the intelligent platform through the use of new technologies.

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Graph Basis has announced an eight-year $ 60 million grant to Semiotic AI to expand the software startup’s research and development capabilities in the fields of cryptography and artificial intelligence.

In particular, the partnership will focus on building the architecture required for the automatic and verifiable indexing and querying of graphs, as well as the development of micro-payment functions using zero-knowledge proofs such as ZK-SNARK.

During the course of 2021, Semiotic AI partnered with Graph to contribute to the development of the ecosystem with many initiatives, including a first-time scholarship this March.

With this message, Semiotic AI is following in the footsteps of two infrastructure platforms and becoming the core protocol developer in the network. StreamingFast received a $ 60 million round of funding from Graph in June, while blockchain service provider Figment raised $ 48 million in late July.

Graph co-founder Brandon Ramirez shared insights on how semiotic AI will achieve greater economics and scalability at The Graph through the use of artificial intelligence and cryptography.

“They specialize in the AI ​​toolkit that Google Deepmind uses to defeat the best Go player in the world and then solve the age-old protein folding problem. Graphics is all about data, and just as AI plays a central role in all internet products, this partnership will help converge AI and the decentralized web. ”

Accepted on the mainnet in December 2020, Graph is quickly becoming one of the leading query and indexing platforms on the Internet3. At the time of writing, the network supports indexing data from 22 networks including Ethereum, Arbitrium, Avalanche, as well as supporting more than 22,000 sub-graphics including ENS Domains, Compound V2 and Uniswap V2.

At the beginning of September, Ethereum co-founder Vitalik Buterin touted ZK-SNARKs as a potential big tech application in the coming decades.

https://twitter.com/VitalikButerin/status/1433228277263462401?ref_src=twsrc%5Etfw” target=”_blank” rel=”nofollow noopener
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Sam Eco-friendly, co-founder and CTO of Semiotic AI, also commented on the latest partnership, citing mobile and internet search as prime examples of how innumerable innovations can emerge from the underlying technologies:

“The research and development of these devices has resulted in innumerable inventions that have improved communication and access to knowledge for the whole world. As a result of this partnership, we will invent new open source technologies that will benefit both The Graph users and the larger internet3 community alike. ”