OpenMind Secures $20M Funding to Supercharge FABRIC’s Decentralized AI Revolution

Another day, another nine-figure bet on blockchain's favorite buzzword—this time it's AI's turn to ride the decentralized gravy train.

OpenMind just pocketed $20 million in fresh funding to accelerate FABRIC's ambitious plan to democratize artificial intelligence. Because apparently, centralized AI wasn't complicated enough.

The Pitch: Decentralization or Bust

FABRIC's selling the dream of an AI ecosystem where no single entity calls the shots—a refreshing concept after watching Big Tech turn machine learning into their personal fiefdom. The $20M injection suggests VCs think there's gold in them thar neural nets.

The Catch: Proving It Works

Now comes the hard part: delivering actual utility beyond the whitepaper. The team's got cash and buzz—but in crypto-land, that's never stopped projects from face-planting when the hype cycle ends.

One hedge fund manager we spoke to muttered about 'putting lipstick on a chatbot' before ordering another martini. The market will decide whether this is Web3's next big thing—or just another line item on some VC's tax write-offs.