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Raiinmaker Secures $7.5 Million Seed Funding to Advance Decentralized AI Training Tools.


Raiinmaker Secures $7.5 Million Seed Funding to Advance Decentralized AI Training Tools.

  • Funding Amount: $7.5 million

  • Total Raised: $10 million

  • Lead Investors: Jump Crypto, Cypher Capital

  • Other Investors: Gate.io Labs, MEXC Global, Krypital Group, Launchpool, New Tribe Capital, and others


What is Raiinmaker ?

Raiinmaker, a Web3 infrastructure platform, has successfully raised $7.5 million in a seed funding round. The round was co-led by Jump Crypto and Cypher Capital, with additional participation from Gate.io Labs, MEXC Global, Krypital Group, Launchpool, New Tribe Capital, Coach K, Axia 8 Ventures, Sheesha Finance, Andromeda Capital, Arcanum Capital, GDA Capital, and Alpha Sigma Capital. This funding brings Raiinmaker’s total raised to $12.5 million. (Crunchbase)


Founded in 2018, Raiinmaker aims to revolutionize the creator economy by enabling creators to earn cryptocurrency through training AI models and running independent nodes on the network. The platform provides a decentralized space for AI developers and validators to securely collaborate and exchange AI models.




Raiinmaker’s platform allows users to train AI from their smartphones and receive rewards based on their contributions to the AI models. The company is building decentralized AI tools and Web3 infrastructure to support projects in sports, gaming, and entertainment.


  • Validators: 

Earn rewards for verifying and enhancing AI models, promoting active engagement and high-quality contributions.


  • Governance: 

Operates on a transparent governance framework, allowing community members to participate in decision-making and platform development.


  • Interoperability: 

Designed for compatibility with major blockchain networks, enhancing accessibility and flexibility.


Raiinmaker's CEO's Statement:

J.D. Seraphine, Raiinmaker’s CEO, expressed excitement about the intersection of decentralized AI, blockchain infrastructure, and the current bullish crypto market, highlighting the team’s dedication over the years to reach this pivotal moment.

Raiinmaker targets creators interested in AI, cryptocurrency, and blockchain.





It appeals to AI developers seeking a decentralized marketplace for collaboration and monetization of their AI models and validators looking to earn rewards by verifying AI algorithms. The platform is tailored for tech enthusiasts who value transparency, community governance, and interoperability within the blockchain ecosystem.


$COIIN Token Utility: 

Set to launch on Base, the fast-growing Layer 2 network, Raiinmaker’s access and governance token ($COIIN) will be used for accessing and participating in the platform, including activities such as staking and burning. Validators are rewarded with $COIIN for verifying AI models and enriching the platform's AI ecosystem, promoting engagement and ensuring quality assurance.


How does Raiinmaker Work? 

Raiinmaker operates on a decentralized AI network, rewarding users for producing AI content, training AI models, and validating network operations via a mobile DePIN Node. This innovative approach ensures that users contribute to the network's growth while earning $COIIN, the platform's native cryptocurrency. The process is straightforward, requiring no previous blockchain knowledge, making it accessible to a broad audience.


Features, Functionalities, and Benefits of Raiinmaker

  • Decentralized AI: Ensures fair reward distribution across contributors.

  • Mint $COIIN by Training AI: Users can earn rewards by engaging with the platform, such as validating transactions or training AI models.

  • Proprietary Protocol: Uses identity, behavior, and AI-powered smart contracts to distribute rewards.

  • Supported Chains: Blockchain-agnostic, ensuring interoperability across various digital assets and blockchain networks.



Use Cases and Potential Applications:

Content Creation and Validation: Users can generate content or validate others' contributions, earning rewards for their efforts.


  • AI Model Training: By participating in AI model training, users contribute to the AI's learning and improvement.

  • Staking and Burning $COIIN: Users can stake their $COIIN or other cryptocurrencies to earn rewards or burn $COIIN to increase their earning potential.


Who Benefits from Raiinmaker? 

Raiinmaker is designed for a diverse audience:

  • Creators: Looking to monetize their content

  • Tech Enthusiasts: Interested in AI and blockchain

  • Individuals: Seeking alternative earning opportunities

 

Raiinmaker is setting a new standard for digital content creation and distribution, backed by a team of industry veterans. It's not just a platform but a community where individuals can contribute, validate, and earn in a decentralized, AI-driven environment. With its user-friendly interface, Raiinmaker is accessible to creators, tech enthusiasts, and anyone eager to explore the potential of digital interactions and blockchain technology. As Raiinmaker continues to evolve, it remains dedicated to empowering users and democratizing the digital landscape, one interaction at a time.


Whether you're a seasoned content creator, a blockchain enthusiast, or someone curious about the intersection of AI and digital rewards, Raiinmaker offers a unique opportunity to participate in the future of digital content creation and distribution.\


 


JOIN THE VC FOUNDERS SUMMIT SINGAPORE

Venture capitalists and industry leaders are gearing up for the much-anticipated VC Founders Summit on September 21st, promising to elevate discussions, foster collaboration, and chart the future course of innovation and investment.


Building on the momentum of past gatherings, the summit aims to bring founders of unique projects and investors from around the world together so as to facilitate new partnerships, investment opportunities as well as engage in insightful discussions as we lay down the foundation for the future of the industry.

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