The Erik Voorhees-founded Venice AI has achieved unicorn status after raising $65 million in Series A funding at a $1 billion valuation. Led by Dragonfly and with backing from Coinbase Ventures, F-Prime, North Island Ventures, Morgan Creek and others, the funding round announced on Wednesday marks the company’s first external capital raise since launching in 2024. The fundraising came in the same month Anthropic was forced to suddenly cut foreign access to two of its latest AI models, and comes just weeks after OpenAI was accused in a class-action lawsuit for sharing ChatGPT data with third parties, highlighting the potential appeal of…

Its launch comes as Ethereum’s support ecosystem undergoes a broader evolution, following the debut of EthLabs and amid ongoing efforts by the Ethereum Foundation to respond to community criticism over transparency, communication and its role within the ecosystem by encouraging more independent organizations to take the lead on adoption and ecosystem growth.Vivek Raman, CEO of Etherealize, said on X that Ethereum Institutional is another example of Ethereum’s decentralized model in action.”Ethereum is not built by or run by a single organization,” Raman wrote. “Ethereum is a network of independent nodes that collectively make the infrastructure inevitable. Ethereum Institutional will play…

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