SINGAPORE, Dec. 26,
2024 /CNW/ -- Nodepay, a
decentralized AI platform transforming unused internet
bandwidth into real-time data pipelines for AI training, today
announced it has raised a second round of funding, bringing its
total to $7 million.
The latest funding round welcomed new strategic investors IDG
Capital ($23 Billion AUM), Mythos,
Elevate Ventures, IBC, Optic Capital, Funders.VC, Matthew Tan (Etherscan founder) and Yusho Liu
(CoinHako Co-founder & CEO) as notable angels. They join an
impressive roster of previous backers that includes Animoca Brands,
Mirana, OKX Ventures, JUMP Crypto, Tokenbay Capital
and more.
Nodepay's network taps into a global community of users running
privacy-protected nodes. By sharing their spare internet bandwidth,
these participants earn rewards for creating a real-time data
source that improves AI inference with accurate, timely
information—an approach known as Retrieval Augmented Generation
(RAG).
Darren Nguyen, co-founder of
Nodepay commented: "Our mission is to develop solutions that create
tangible value for both AI developers and its end users. We give
contributors a share in the AI ecosystem they help fundamentally
build."
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 combine to create a
fair, collaborative, and innovative AI ecosystem.
Eric Le, investment director of
IDG Capital, said, "The team at Nodepay is democratizing the AI
economy by providing a platform that allows users to share directly
in the value they create. We're proud to support their vision of
making AI more accessible and beneficial to all."
With this funding, Nodepay will continue to commercialize its
infrastructure to benefit both its community and partner AI labs.
As it prepares to launch on Solana, Nodepay stands
ready to lead the next era of decentralized AI
development and training.
Already serving over 1.5 million active users worldwide, Nodepay
continues to expand its reach, solidifying its role as a leader in
the integration of AI and blockchain technology. Users can expect
further updates and new announcements through their social channels
and official website.
About Nodepay
Nodepay is a decentralized
AI platform dedicated to democratizing AI training through
real-time data retrieval. By turning idle internet bandwidth into a
valuable resource, Nodepay fuels the next generation of AI models
and stands at the forefront of AI decentralization.
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SOURCE Nodepay
