Nodepay, a decentralized AI platform leveraging unused internet bandwidth to create real-time data pipelines for AI training, has announced the completion of its latest funding round, bringing its total capital raised to $7 million.
The funding round introduced several new investors, including IDG Capital (with $23 billion in assets under management), Mythos, Elevate Ventures, IBC, Optic Capital, Funders.VC, along with angel investors Matthew Tan, the founder of Etherscan, and Yusho Liu, co-founder and CEO of CoinHako. These additions complement an existing list of backers such as Animoca Brands, Mirana, OKX Ventures, JUMP Crypto, and Tokenbay Capital.
Nodepay’s platform operates through a global network of nodes powered by its community. Participants share unused internet bandwidth, earning rewards while contributing to a system that enhances AI capabilities with real-time, accurate data. This mechanism aligns with a method called Retrieval Augmented Generation (RAG), which improves AI inference and decision-making.
Darren Nguyen, co-founder of Nodepay, stated, “Our mission is to create solutions that provide measurable value to AI developers and end-users alike. By involving contributors directly in the ecosystem, we ensure that those who build it also benefit from its growth.”
Nodepay’s infrastructure combines real-time data retrieval, decentralized answer engines focused on Web3, reinforcement learning techniques, and gamified human verification processes. Together, these components support the creation of a collaborative and innovative AI ecosystem.
Eric Le, investment director at IDG Capital, commented, “Nodepay is democratizing the AI economy by enabling users to directly benefit from the value they create. We’re pleased to support their vision of making AI development more inclusive and impactful.”
With this fresh funding, Nodepay plans to accelerate the commercialization of its infrastructure, benefiting its growing community and AI partners. The platform is also preparing for its launch on Solana, aiming to further its role in decentralized AI development and training.
Currently, Nodepay serves over 1.5 million active users globally and continues to expand its presence. Future updates and announcements will be shared through its official website and social media channels.
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By Proptechbuzz
By Ravi Kumar
