Summary
TLDR: 0G Labs raises $35 million in funding to develop infrastructure for AI and compute-intensive applications to run on-chain. They aim to be a go-to layer for data availability, with a focus on separating data storage from data publishing. The platform uses data availability sampling and erasure coding for data storage. Other DA providers in the field include Celestia, EigenLayer, NEAR, and Polygon.
Key Points
1. 0G Labs has raised $35 million in fresh funding for its development of infrastructure aimed to help AI and other compute-intensive applications run on-chain.
2. The platform is hoping to stake its claim as a go-to layer for data availability (DA), joining a field of current and forthcoming DA providers that includes the likes of Celestia, EigenLayer, NEAR and Polygon.
3. Data availability refers to the ability of nodes in a blockchain network to access and verify transaction data. For optimistic rollups like Arbitrum and Optimism, for example, nodes need to be able to access all the chain’s transactions to run proofs and weed out fraudulent transactions.