Governance Foundation for Decentral Artificial Intelligence (AI) Ecosystem 0G has revealed a $ 88 million fund for creating AI applications.

The 0G Foundation is looking for submissions from teams that develop decentralized funding (DEFI), marketplaces on chains for secure data sharing, AI-run games and social applications, according to an email message on Wednesday.

The fund is supported by a number of large name investors in the blockchain venture capital sector, such as Hack VC, Delphi Ventures and OKX Ventures.

This trio of companies also contributed to the seed financing round of $ 40 million to Zero Gravity Labs, a core 0g contributor, in November.

The widespread increase in AI in many areas of the economy has spurred a movement in the blockchain industry to introduce decentralization in the way data is collected and used to prevent AI from being dominated by only a few powerful brokers.