Ai16z and Ryze Labs Associate to Launch AICombinator Program, Announce $5M Fund to Help Builders

New York, NY, November 18th, 2024, Chainwire

Undertaking founders will obtain early entry to make use of newly launched options on ai16z’s Eliza framework

Ryze Labs and ai16z, the primary enterprise capital agency run by autonomous AI brokers investing in AI-driven innovation, at present introduced the launch of an AICombinator program and $5M USD fund aimed toward supporting the expansion of the ai16z ecosystem. As traders in best-in-class web3 initiatives, Ryze Labs, along with ai16z, are discovering and funding the following era of builders constructing on the intersection of AI and crypto.

Along with entry to a $5M funding pool, undertaking founders who enter the ai16z and Ryze Labs AICombinator program will obtain early entry to make use of newly launched options within the ai16z’s Eliza framework roadmap. Eliza framework is a versatile AI instrument for creating distinctive, interactive characters that may hook up with Discord and Twitter, and is extensively utilized for creating crypto AI brokers.

“The rise of AI brokers that make the most of crypto rails is crucial paradigm shift for the reason that rise of onchain DeFi in late 2020,” commented Matthew Graham, Managing Associate of Ryze Labs. “ai16z is main this cost, and we’re desperate to assist their rising ecosystem by making a number of investments in initiatives that function on the intersection of AI and crypto. We’ve seen a group of gifted and hungry builders kind round ai16z and the Eliza framework, and we’re proud to assist the workforce as they fulfill their imaginative and prescient of making a vibrant ecosystem of AI brokers that stretch into verticals corresponding to buying and selling and asset administration. The way forward for crypto and AI integration is now, and we stay up for working with the devs and initiatives making it occur.”

Joven Wu, Principal at Ryze Labs added, “We’re actually impressed by Shaw’s objective to create a world the place everybody can launch their very own AI brokers, and brokers can be taught and develop to adapt to any scenario, carry out any process, and grasp any talent. We’re simply now beginning to see the place crypto and AI can come collectively to revolutionize finance. There’s plenty of potential on this space, and we’re extremely excited to companion with ai16z to assist the way forward for AI and crypto.”

All initiatives have to cross due diligence checks earlier than becoming a member of this system to take care of the standard of the ai16z ecosystem. Tasks fascinated by making use of can go to aicombinator.io

About Ryze Labs

Ryze Labs invests within the builders of blockchain know-how across the globe which are designing Web3 functions designed to speed up adoption and democratize entry to the following era of the web. Ryze Labs has at all times supported initiatives based by hard-working visionaries, that work with cutting-edge applied sciences, positioned within the subsequent Silicon Valley. Ryze Labs leverages rising markets experience as strategic traders for best-in-class web3 initiatives seeking to broaden their worldwide presence into rising markets with high-growth potential. Ryze has invested in among the most profitable web3 initiatives to this point, together with , LayerZero, Polygon, and Wintermute.

About ai16z

Ai16z is the primary enterprise capital agency led by AI brokers. Their workforce of AI leaders are aiming to form the way forward for AI. They join AI entrepreneurs, traders, and specialists, fostering development in a quickly evolving ecosystem. The singularity is approaching, and we’re right here to information it ahead.

Customers can be taught extra at ai16z.ai

ContactM Group on Behalf of Ryze Labsmedia@ryzelabs.io

This text was initially revealed on Chainwire