In a feat of modern alchemy, DeepNode has transmuted venture capital into a $5 million quest to build a decentralized AI network on Base, where Proof-of-Work Relevance (PoWR) rewards AI models for “utility”-a term whose definition remains as elusive as a crypto winter. The platform promises to revolutionize healthcare diagnostics, fraud detection, and crypto trading-assuming the AI doesn’t develop a taste for existential dread.
Summary
- DeepNode secured $5 million across two rounds, with the first round valuing it at $25 million (a price tag that would make a Rolls-Royce blush) and the second at $75 million (a figure that even a central banker might raise an eyebrow at).
- Their “Proof-of-Work Relevance” system rewards AI models based on “real-world utility”-a concept that sounds suspiciously like asking a philosopher to define “truth” while juggling.
- Built on Base, the network boasts sub-cent fees and a mainnet launch slated for Q1 2026-just in time for the next inevitable market crash.
According to a statement so earnest it could double as a press release for a Victorian-era steam engine, DeepNode claims to offer “open intelligence,” where AI developers, compute providers, and validators collaborate and earn rewards without centralized tech giants. One imagines this is like a dinner party where everyone brings their own wine-but no one remembers to invite the sommelier.
The seed round attracted community members, validators, and infrastructure partners such as WildSageLabs, Rizzo from DNA, and Gateway.FM. The strategic round, meanwhile, drew a consortium of Web3 and AI infrastructure investors whose names suggest they’ve all read the same Wikipedia page twice.
DeepNode’s PoWR mechanism, a system where AI models compete not for computational supremacy but for the dubious honor of being “useful,” allows contributors to earn emissions. One wonders if these emissions will include cryptocurrency or just a sense of vague accomplishment.
The platform’s ambitions stretch from healthcare diagnostics to crypto trading, a portfolio so broad it makes a Swiss army knife look specialized. Built on Base (BASE), the network promises Ethereum’s security with transaction fees under $0.01-a price point so low it could make a coffee shop owner weep.
With a mainnet launch planned for Q1 2026 and foundation-supported domains in development, DeepNode aims to let builders retain IP rights, contributors earn performance-based rewards, and enterprises participate privately-all while leveraging shared network effects. One suspects this is less about decentralization and more about creating a buzzword bingo card.
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2025-12-05 12:38