ArenaX Labs Raises $6 Million to Develop AI Arena

ArenaX Labs, the studio behind AI Arena, has announced that it recently secured $6 million in funding. The company plans to utilize this investment to further enhance its PvP platform fighter and create more similar games. The primary objective of ArenaX Labs, as declared by its founders, is to harness the power of gaming in educating players about AI and teaching them how to effectively work with it.

AI Arena: A Revolutionary Training Ground

AI Arena offers users an innovative experience where they can train their AI-powered character to engage in battles. The outcome of each fight depends on the player’s skill in training their AI character. This game, set to launch in beta later this year, will be free-to-play and accessible through web browsers. ArenaX Labs also has plans to develop a web3 version where users can compete for rewards.

“I think democratization is at the core of what we do,” said Wei Xie, co-founder of ArenaX Labs, in an interview with GamesBeat. “Our thesis is that AI is going to be a massive technology of our time. The reality is that there are not a lot of people in the world who truly understand this technology. The entry point for most people is ChatGPT or Midjourney. That’s just an interface. Just because you can prompt an engine doesn’t mean you understand AI. What we’re doing is education and delivery of a true understanding and appreciation of AI through a very engaging medium of gaming.”

Changing the Perception of AI

The recent funding round was led by Framework Ventures, with participation from SevenX Ventures, FunPlus / Xterio, and Moore Strategic Ventures. Michael Anderson, co-founder of Framework Ventures, expressed his views on the matter, stating, “At this stage, most consumers still view AI as a sort of novelty they may engage with on a very surface level. The ArenaX team is flipping this narrative by creating products that encourage normal people to actually interface with and begin learning to train AI through the language of play.”

Brandon Da Silva, CEO and co-founder of ArenaX, emphasized the importance of ownership and showcasing one’s AI skills. He said, “One of the reasons we built the company was to give people who are really good at AI an opportunity to monetize their talent they might not otherwise have… This will give so many great opportunities to researchers because they can build models and prove they’re better than others, because our game is a competition.”

Pre-registration for AI Arena is currently open, and ArenaX Labs plans to launch the game in beta on the Arbitrum mainnet in the near future.

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