Gency AI has successfully raised $20 million in a funding round to bolster its decentralized advertising network. The investment, reported on March 17th, includes contributions from TikTok, HFO, XYZ, Streamlined Ventures, Hat-Trick Capital, Arksteam, MH Ventures, ViaBTC, and Basics Capital. The funds will be directed towards expanding Gency AI's ad execution and settlement network, enhancing its privacy computing technology, and accelerating product and partnership developments across North America, Asia, and Europe. Gency AI's platform leverages on-chain verifiable credentials and smart contracts to automate and transparently manage ad impressions, conversion results, and revenue distribution. This approach aims to resolve challenges such as lengthy ad settlement cycles and issues related to attribution and data ownership.
Gency AI Secures $20M to Enhance Decentralized Ad Network
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