Swarm Network Secures $13 Million to Develop Decentralized AI Verification Protocol

Decentralized artificial intelligence protocol Swarm Network has raised $13 million in funding to build a verification protocol. The funds will support the development of an innovative approach to turning off-chain data into verifiable on-chain information, according to a Wednesday announcement shared with Cointelegraph. Swarm Network’s strategy involves issuing licenses, which function as non-fungible tokens (NFTs), that allow holders to gain daily rewards for operating agents and maintaining the network.