Valued at 2 billion, AI public chain seeks white person as a front for fundraising? Media editor-in-chief Wu sparks controversy. 0G Labs is a case of consecutive entrepreneurship on Conflux.

Recently, the modular AI public chain 0G has sparked controversy. Colin Wu, the editor-in-chief of the media Wu Shuo, said that a certain Chinese project had previously had difficulty raising funds, but after finding a white person who graduated from Stanford University to serve as CEO and founder, the situation improved. It was later confirmed that what he questioned was the relationship between 0G and Conflux. After reviewing the backgrounds of the personnel in both projects, a high degree of overlap was discovered. At 5:00 pm on the 10th, Coilin Wu will have an AMA conversation with 0G.

0G high financing, valuation of 2 billion?

According to Rootdata, Conflux is a Hong Kong-based Layer 1 public chain, established in 2018. 0G, formerly known as Zero Gravity, is a modular AI blockchain, established in 2023. In March of last year, it received a lead investment of 35 million euros in the pre-seed round from Hack VC, and in November, it raised 40 million euros in the seed round, which even included investment from Standford Blockchain Fund. Last month, 0G raised 30 million euros through the sale of nodes. In addition, Conflux is also one of the investors in 0G.

0G's founder and CEO Michael Heinrich has a degree from Stanford University, which matches Coilin Wu's description. 0G's CTO Wu Ming is also the CTO of Conflux, and Conflux CEO Long Fan serves as 0G's CSSO. In addition, some employee data on the LinkedIn accounts of both companies also match.

0G launches decentralized storage, computing, and DA layer

0G divides the product into storage, computing, and data availability layers.

0G Storage: Represents users storing data by incentivizing storage nodes to build a decentralized data storage system. Any client using 0G Storage must first provide data and pay with 0G tokens. 0G Storage is maintained by a network of miners who store and manage data through a unique consensus mechanism called Proof of Random Access (PoRA). Compared to competitors like Filecoin and Arweave, 0G has advantages in scalability and storage costs.

0G Computing: 0G Computing Network is a decentralized framework that provides artificial intelligence computing capabilities.

0G Data Availability Layer (DA): Existing mainstream data availability layer (Ethereum) will distribute data to all nodes for verification, hindering horizontal scalability. EigenDA lacks randomness, making collusion for malicious behavior possible. 0G DA has infinite scalability, a flexible layered design, and uses verifiable random function (VRF) to prevent collusion for malice.

Raccoon: Finding Europeans and Americans to display shows racial discrimination against Asians.

Colin Wu believes that Michael Heinrich's Twitter fans are bought, questioning how 0G raised more than 325 million RMB in financing in just over a year, with a valuation exceeding 2 billion RMB. He stated that if this CEO was not brought in as a facade, then disclose the proportion of equity and currency rights. He also mentioned that the engineer who contributed first to the 0G codebase, even shows employment at Conflux on LinkedIn. KOL Little Raccoon pointed out the practice of finding Europeans and Americans to serve as figureheads, which actually reflects the high level of racial discrimination by investors and the media against Asian teams fleeing.

This article is valued at 2 billion AI public chains, finding white people to act as front men for financing? Media Wu, the editor-in-chief, is in hot water. 0G Labs is a Conflux serial entrepreneurship case, first appeared on Chain News ABMedia.