PANews reported on November 20 that according to The Block, OpenLayer, a crypto and artificial intelligence startup founded by three former Robinhood employees, raised $5 million in seed round financing. The financing was participated by institutions such as a16z CSX, Geometry, IOSG Ventures, Spartan Group, LongHash Ventures and other angel investors, and some investors came from projects such as EigenLayer and AltLayer.

OpenLayer focuses on developing an AI data layer that allows users to contribute and verify data through a Chrome extension while protecting privacy and earning rewards. Developers can access data based on user permission for AI model training, user targeting, and feature enhancement. The project has been launched as an Active Verification Service (AVS) on EigenLayer, attracting more than 48,575 participants and staking more than $10 billion worth of Ethereum.

OpenLayer plans to launch a token in the future. The current team size is seven people and it is planning to hire two engineers.