Today, AI Network — a Singapore-based company governing a blockchain-based cloud computing architecture that transforms open-source projects into live services — is announcing an investment agreement with Unblock Ventures, the corporate blockchain-focused fund of LVC, a subsidiary of Japan’s leading messenger operator LINE Corporation, Japan’s. Unblock Ventures purchased AI Network tokens to support AI Network’s vision as an investor.
“I am pleased to share that Unblock Ventures could join in supporting one of the most innovative blockchain platforms based on AI Technology” said Matthew Lee, CEO of Unblock Ventures.
“We are pleased to have Unblock Ventures invest in our endeavor to create a massive evolution in the software industry,” said Minhyun Kim, co-founder of AI Network.
“AI Network’s global collaborative backend infrastructure will entirely change the software development paradigm, particularly for AI — an area that relies heavily on the contributions of the open source community.”
AI Network released their Testnet in Q4 2019 as well as Ainize, the first serverless cluster integrated with AI Network’s blockchain. Any developers can deploy their open-source projects through Ainize with zero backend cost and with no blockchain development skills.
About Unblock Ventures Ltd.
Unblock Ventures Ltd. is a subsidiary of LVC Corporation that focuses on investing in early to mid-stage blockchain startups.
About AI Network Pte. Ltd.
AI Network Pte. Ltd. has incorporated to govern permissionless blockchain for global collaborative backend infrastructure, AI Network. The main contributors are Common Computer Inc. and Lablup Inc., leading startup companies in the cloud computing industry for AI in South Korea.
Learn more at https://ainetwork.ai