PANews reported on February 14 that according to the official announcement of FrodoBots, it has completed $8 million in financing and plans to launch the BitRobot network that combines encryption and robotics technology, focusing on promoting the development of Embodied AI. This round of financing was led by Protocol VC, with participation from Big Brain Holdings, Fabric, Zee Prime Capital, Tioga Capital, Sfermion, Solana Ventures, etc. Solana co-founders Anatoly Yakovenko and Raj Gokal and several DePIN project founders also participated in the investment.

BitRobot will use cryptographic incentives to bring together computing resources, storage, manual operations, physical robots, and researchers to accelerate the development of Embodied AI, and plans to open source some of its research results to give back to the robotics research community.