Swan Chain Completes Million-Dollar Financing Round Led by Optimism Foundation

COINOTAG reports that on September 25, decentralized cloud computing platform Swan Chain secured multi-million dollar funding with lead investment by the Optimism Foundation amounting to $850,000. Other early-stage investors like Waterdrip Capital have also increased their stakes. Swan Chain, an AI DePIN infrastructure project leveraging OP Stack, uniquely merges Web3 with AI to offer comprehensive solutions in storage, computing, bandwidth, and payments. Previous investors include high-profile names such as Binance Labs, SNZ, Chainink, and Protocol Labs. Launched in early July, the Swan Chain mainnet boasts over 150 ecosystem partners and upwards of 100 AI applications. The project’s roadmap includes the introduction of the SWAN token in the latter half of this year, aimed at enhancing the ecosystem and its incentive mechanisms.