Paradigm Invests $50 Million in Decentralized AI Project Nous Research at $1 Billion Token Valuation

According to Fortune, renowned crypto venture capital firm Paradigm has invested $50 million in decentralized AI startup Nous Research at a $1 billion token valuation. This round of funding was almost exclusively participated in by Paradigm.

Nous leverages the Solana blockchain to enable distributed training of open-source AI models, allowing global users to contribute idle computing power for model training. Their Hermes model has gained attention in the open-source community and collaborated with OpenAI founding member Diederik P. Kingma in research.

The Nous team stated that blockchain not only incentivizes users to contribute computing power but also uses Byzantine fault tolerance mechanisms to prevent malicious data submissions, ensuring the security of the training process. Paradigm partner Arjun Balaji noted that Nous's open community approach is a strong contrast to the closed model of mainstream labs.

The new funding will be used for computing power procurement and research expansion. Nous has not yet announced when the system will go live and is still considering using its own token or Solana tokens for incentives.