Woofun AI reports that DGrid AI has finalized a $5 million seed financing round. Investors participating in the round include Waterdrip Capital, IoTeX, Paramita, and Zenith Capital.

The protocol operates as a decentralized AI inference network, supplying distributed computing infrastructure for on-chain AI model execution and monetization. It allows developers to deploy and validate workloads on a decentralized GPU network, utilizing blockchain-based payment and proof mechanisms to ensure transparent settlement and equitable compensation for compute providers within AI and DePIN sectors.