Early Ethereum investor Cyber.Fund pledges to invest $100 million in blockchain and AI crossover projects
According to CoinDesk, early Ethereum investor Cyber.Fund has pledged to invest $100 million in projects intersecting blockchain technology with artificial intelligence (AI) and the Internet of Things (IoT). Cyber.Fund has also invested in Cosmos, Solana, and Polkadot. According to an email announcement on Thursday, Cyber.Fund is focused on developing a "Cybernetic economy," where blockchain is the cornerstone. The company defines Cybernetic as an interconnected automated economic framework where blockchain, AI and IoT integrate with each other around this framework.
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