Inference Labs Revolutionizes AI with Proof of Inference
April 17, 2024, 9:34 pm
Inference Labs, a Canadian company, secures $2.3 million in Pre-Seed funding to transform AI with Proof of Inference, starting with Liquid Staking. Led by Colin Gagich and Ronald Chan, Inference Labs launches Omron.ai, a Bittensor subnet #2, reshaping Liquid Staking Token (LST) and Liquid Restaking Tokens (LRT) markets. Omron incentivizes LST and LRT activities, utilizing smart contracts, validator nodes, and mining nodes to automate liquid restaking strategies on platforms like Renzo and Eigenlayer. Participants choose their preferred (re)staking service, contributing LSTs or ETH to create a restaked ERC20 token for additional rewards within the Ethereum network. Inference Labs aims to develop a network for efficient AI verification with Proof of Inference consensus, expand the team, and accelerate product development to fuel an entire ecosystem. With funding from Digital Asset Capital Management, Delphi Ventures, Mechanism Capital, and other investors, Inference Labs is poised to redefine the AI landscape.