PANews reported on March 11 that according to Chainwire, the decentralized creative AI platform Sogni AI completed a US$2 million financing round, led by Comma3 Ventures and Republic Ventures, with participation from Contango Digital, Oyster Ventures, ARC, DEXT Force Ventures, Nosana, Formless Capital, Gecko Ventures and more Web3 investors and industry veterans.

According to reports, Sogni AI was founded by former CoinMarketCap executives and has launched a decentralized GPU network Supernet to support AI-driven content creation. The network provides rendering speeds 176 times faster than traditional cloud services by distributing workloads on decentralized infrastructure.