SINGAPORE , Dec. 27, 2024 /PRNewswire/ -- Nodepay , a decentralized AI platform that transforms unused internet bandwidth into real-time data pipelines for AI training, today announced a second round of funding, bringing total funding to $7 million.
The latest funding round welcomed new strategic investors such as IDG Capital ($23 billion AUM), Mythos, Elevate Ventures, IBC, Optic Capital, Funders.VC, Matthew Tan (Etherscan founder) and Yusho Liu ( CoinHako co-founder and CEO ) as notable angels. They join an impressive list of previous backers that includes Animoca Brands, Mirana, OKX Ventures, JUMP Crypto, Tokenbay Capital and many more.
Nodepay's network relies on a global community of users running privacy-
optimized nodes. By contributing their excess internet bandwidth, these participants receive a reward for creating a real-time data source that enhances AI inference with accurate, timely information - an approach known as Retrieval Augmented Generation (RAG).Darren Nguyen , co-founder of Nodepay, comments: "We build solutions that create tangible value for both AI developers and their end users. We engage contributors in the AI ecosystem that they play a key role in shaping."
Nodepay's infrastructure platform integrates real-time data retrieval, a Web3-focused decentralized answer engine, reinforcement learning for more accurate model output, and gamified human verification. Together, these components form a fair, collaborative, and innovative AI ecosystem.
Eric Le , Investment Director at IDG Capital, said: "The Nodepay team is democratizing the AI economy by providing a platform that allows users to directly participate in the value they create. We are proud to support their vision of AI that is accessible and beneficial to all."
With this funding, Nodepay will further commercialize its infrastructure to benefit both its community and partner AI labs. With preparations for launch on Solana, Nodepay is well positioned to lead the next phase of decentralized AI development and training.
Nodepay already has over 1.5 million active users worldwide and continues to expand its reach to cement its role as a market leader in the integration of AI and blockchain technology. Users can expect further updates and new announcements via its social media channels and official website .
About Nodepay
Nodepay is a decentralized AI platform dedicated to democratizing AI training through real-time data retrieval. By turning unused internet bandwidth into a valuable resource, Nodepay is powering the next generation of AI models and is at the forefront of AI decentralization.
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