Ryze Labs and ai16z partner on AICombinator program with $5M fund for AI-crypto projects.

From Investing.com

November 18, 2024 11:00 AM:

Ryze Labs and ai16z launch AICombinator program and $5M fund to support AI-driven innovation at the intersection of AI and crypto. Project founders will receive early access to utilize newly launched features on ai16z’s Eliza framework, a tool for creating interactive characters connecting to Discord and Twitter.

Matthew Graham of Ryze Labs praises the rise of AI agents using crypto rails as a major paradigm shift. The partnership aims to invest in projects operating at the AI and crypto intersection, nurturing a vibrant ecosystem. Joven Wu highlights the potential of AI agents evolving to revolutionize finance, emphasizing the need for due diligence in project selection.

Ryze Labs invests globally in blockchain technology builders to accelerate Web3 adoption and democratize access to the internet’s next generation. They support innovative projects working with cutting-edge technologies, aiming to expand into emerging markets with high growth potential. ai16z, the first VC firm led by AI agents, connects AI entrepreneurs, investors, and experts to shape the future of AI.

Read more at Investing.com: Ai16z and Ryze Labs Partner to Launch AICombinator Program, Announce $5M Fund to Support Developers By Chainwire