Sogni Hints at TGE Preparations with Pre-Seed Fundraise Announcement
Users of Sogni can expect to see new functionality across the DePIN platform, and preparations for exchange listings following the successful $2M pre-seed fundraise.
Sogni is a Decentralized Physical Network (DePIN) AI-driven image generator. Sogni founder Mau Ledford told Swept today that “$1M is for operations as we release new features including video rendering and model training.”
The rest [of the funds] will go to liquidity for centralized and decentralized exchanges.
While the raise was completed a few months ago, led by Republic, the funding round included participation from CoinGecko, Dex Force, Kango, Formless Capital, Oyster Ventures, and Noan, among others. the official announcement has just been made.
Expanding Capabilities: Video Creation and Model Training
A key aspect of Sogni’s next phase is the introduction of AI-powered video rendering.
Sogni currently operates with over 100 AI models, and the resources from the raise will allow for significant advancements in their development. The goal is to enable users to create high-quality visuals and videos with ease, further pushing the boundaries of decentralized AI applications.
The Role of Decentralized Physical Infrastructure Networks (DePIN)
Sogni is positioning itself at the forefront of DePIN innovation. The company’s aim is to empower users to generate professional-grade AI visuals and videos seamlessly.
Although the official announcement surrounding the funding doesn’t provide many technical details, it’s clear that Sogni is working on improving the efficiency and accessibility of AI-driven content creation.
Token Generation Event (TGE) Potentially on the Horizon
Beyond operational improvements, Sogni is also setting the stage for a major milestone: its token launch. Mau confirmed that half of the $2 million raised—approximately $1 million—will be allocated to liquidity provision for both centralized and decentralized exchanges.
This signals that the Token Generation Event (TGE) is approaching. While an exact TGE date has not been disclosed, it’s clear that preparations for exchange liquidity are being made.
Platform Expansion and Accessibility
Sogni is also working on enhancing accessibility for its users. While the platform is currently accessible via iOS and web browsers, there are plans to introduce native Windows software, broadening its user base.
Additionally, Ledford introduced a new protocol fee and adjusted rewards schedule for the platform today. The 49% protocol will reduce the Fast Worker fee from 100% to 51% of tokens spent on each image generation.
A Bright Future for Decentralized AI
As development progresses, Sogni is expected to roll out more updates, further refining its offerings.
For those interested in exploring Sogni, sign up using the referral code sweptmedia to earn a bonus token allocation.
