The venture capital and investment arm behind the NEM blockchain system and cryptocurrency, NEM Ventures, is in the crypto news today for announcing that it has officially joined the Decentralized AI Alliance (DAIA). This alliance includes more than 50 organizations in the interrelated Artificial Intelligence (AI), Internet of Things (IoT) and blockchain ecosystem and works together to democratize the use and control of AI.
The NEM cryptocurrency news also show that this partnership will see the development of common strategies and increased resource sharing between NEM Ventures and the other member organizations. The common goal for them is to develop a system of democratized AI.
As the president of DAIA and founder of the ACM AIDecentralized shared following the news release:
“With over 60 global members to date, I am ecstatic to see NEM joining the alliance and welcome them. We remain anxious about the future of this planet, with current AI lacking essential security. We urge every reader to learn more about this initiative, as this might be one of the most impactful ways to move towards a safer future rather than remaining idle. We hope NEM Ventures will help us accelerate towards that mission.”
The upcoming tech release by NEM Ventures, Symbol, is a fully-featured solution that will support enterprises with its plugin engine that allows effortless interoperability and configuration. The NEM news also show that the venture will focus on investing and developing high-growth emerging technology projects from an early-stage.
In that manner, the venture arm will provide capital support and expertise which will grow the next generation of startups utilizing the NEM product suites. The director and co-founder at NEM Ventures, Dave Hodgson, spoke about the new initiative and said:
“DAIA is an impressive alliance of projects which share NEM Venture’s commitment to a vision of the AI and Blockchain space as an open, fair and decentralized system of technology. DAIA is supported by thought leaders in the space, including CEO and Co-founder of TODA, Toufi Saliba, and CEO and Co-founder of SingularityNET, Ben Goertzel. NEM is proud to develop a shared strategy with such global organizations in the sector to make this vision a reality.”
As the NEM cryptocurrency news show, the expertise of NEM Ventures in blockchain will contribute to DAIA’s ongoing projects and will provide further strategic capabilities among all startups in the space.
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