Crypto-AI startup 0G Labs raises $40 million seed and receives $250 million token purchase commitment

0G Labs announced $290 million in new funding, which includes a $40 million seed round and a $250 million token purchase commitment.The project will be able to draw from the token commitment once the 0G token is live and liquid on crypto exchanges sometime next year, 0G Labs co-founder and CEO Michael Heinrich told The Block.