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Crypto AI startup OpenLayer completes $5 million seed round

OpenLayer, a crypto AI startup co-founded by three former Robinhood employees, raised $5 million from investors including a16z Crypto Startup Accelerator (CSX), Geometry, IOSG Ventures, Spartan Group, LongHash Ventures, and undisclosed angel investors from crypto projects such as EigenLayer, AltLayer, Puffer Finance, and Sei Network. OpenLayer acts as an AI data layer, enabling users to contribute and validate data and earn credits through Chrome extensions. According to its website, app developers can access this user data with user consent, thus protecting privacy. Use cases include training AI models, user targeting, and enhancements. OpenLayer plans to launch its own token in the future.