Decentralized AI infrastructure Swan Chain completes $2 million financing, with participation from DWF Labs and others

ChainCatcher news, according to official sources, the decentralized AI infrastructure Swan Chain has completed its latest round of $2 million financing, with participation from DWF Labs, Optimism Foundation, and Promotony.

According to RootData, Swan Chain (formerly known as FilSwan) was launched in 2021 and is a decentralized infrastructure aimed at accelerating AI applications. Utilizing the Ethereum Layer 2 technology of OP Stack, Swan Chain combines Web3 with AI to provide a comprehensive solution covering storage, computing, bandwidth, and payments. By leveraging the underutilized computing power in the community data center network, Swan Chain can significantly reduce computing costs by up to 70%, while also monetizing idle computing assets.