Blockchain and AI Infrastructure Company Gency AI Raises $20 Million in Funding, TikTok Participates

Odaily News: Blockchain and artificial intelligence infrastructure company Gency AI announced the completion of a $20 million funding round. Participants included TikTok, HF0, XYZ, Streamlined Ventures, Hat-Trick Capital, Arksteam, MH Ventures, ViaBTC, and Basics Capital. The company is currently primarily exploring the advertising market, introducing on-chain verifiable credentials and automated revenue distribution mechanisms. By leveraging smart contracts and privacy-preserving computation technology, metrics such as ad impressions, conversion results, and revenue distribution can be independently verified and automatically settled. The new funds will be used to expand its decentralized advertising execution and settlement network, strengthen its privacy-preserving computation stack, and accelerate product deployment and ecosystem partnerships in North America, Asia, and Europe. (Globenewswire)