The largest on-chain club in the world is venturing into AI data

AX1 Syndicate is a dynamic VC that recently emerged as the largest on-chain community on the Towns platform, achieving this milestone in just two months. The group has quickly scaled to nearly 10,000 active members, demonstrating strong engagement and momentum within the growing web3 ecosystem.

Towns, the platform hosting AX1, is a NYC-based startup that has garnered attention for its novel approach to decentralized online communities. The startup is backed by some of the most respected names in venture capital, including a16z and Benchmark. 

To date, Towns has raised over $40M in funding and is recognized as one of the most active and promising blockchain projects in the space, with additional strategic support from Base (the layer-2 blockchain developed by Coinbase).

AX1 Syndicate revealed the launch of its new data service, which is powered by a proprietary AI engine. The initiative marks a strategic move into the competitive blockchain analytics space, positioning AX1 to challenge established platforms such as Dune and Messari. 

The goal is to provide next-generation data tools that leverage AI for deeper insights and more user-friendly experiences.

One of the key differentiators of AX1’s offering is integration with the Towns ecosystem. This exclusive feature will allow users to access advanced data capabilities directly within the Towns platform, creating a seamless experience for both community members and data analysts. 

Additionally, the product will have a unique blockchain-based launch in collaboration with Base, further reinforcing AX1’s commitment to building on trusted and scalable infrastructure.

To fuel this ambitious project, AX1 data has already closed a pre-seed funding round, attracting investment from angel investors. 

Looking ahead, AX1 plans to aggressively scale its user base, targeting over 1M users in the next quarter. With the web3 data sector still in its early stages and existing players yet to fully embrace innovation in interface and functionality, AX1 is aiming to establish itself as a pioneering force in AI-powered blockchain data solutions.