Nodepay Secures $7 Million Investment to Advance Real-Time AI Data Infrastructure
In a major development for the AI industry, Nodepay, a decentralized AI platform, has successfully raised $7 million in its second funding round. This new investment round saw participation from a variety of notable strategic investors, including IDG Capital, Mythos, Elevate Ventures, and IBC. Adding to the excitement are prominent angel investors like Matthew Tan, founder of Etherscan, and Yusho Liu, co-founder and CEO of CoinHako, who join a distinguished roster of previous backers such as Animoca Brands, Mirana, and OKX Ventures.
Nodepay’s unique platform converts unused internet bandwidth into real-time data pipelines that aid in AI training. The platform taps into a global community of users who manage privacy-protecting nodes, allowing them to share their spare internet bandwidth in exchange for rewards. This innovative approach enhances the quality of AI inferences by providing accurate and timely information, a method known as Retrieval Augmented Generation (RAG).
Darren Nguyen, co-founder of Nodepay, stated, “Our mission is to develop solutions that create tangible value for both AI developers and their end-users. We give contributors a stake in the AI ecosystem they are fundamentally helping to build.” The platform integrates real-time data retrieval, a decentralized Web3-oriented answering engine, reinforcement learning for more accurate model outputs, and gamified human verification methods. These components work together to foster a fair, collaborative, and innovative AI ecosystem.
Eric Le, investment director of IDG Capital, emphasized the importance of Nodepay's vision, saying, "The Nodepay team is democratizing the AI economy with a platform that allows users to directly share in the value they create. We are proud to support their vision of making AI more accessible and beneficial for all."
With this funding, Nodepay plans to further commercialize its infrastructure for the benefit of both the user community and AI partner laboratories. The company is preparing to launch on the Solana blockchain and is poised to lead the next era of decentralized AI development and training.
Currently, Nodepay serves over 1.5 million active users globally and continues to expand its reach, solidifying its role as a leader in the integration of AI and blockchain technology. Users are encouraged to follow their social channels and official website for the latest updates and announcements.
Nodepay is a decentralized AI platform dedicated to democratizing AI training through real-time data retrieval. By converting unused internet bandwidth into a valuable resource, Nodepay supports the next generation of AI models and stands at the forefront of AI decentralization. With a commitment to innovation and community-driven development, Nodepay is reshaping how AI and users interact in a decentralized landscape.
Nodepay’s unique platform converts unused internet bandwidth into real-time data pipelines that aid in AI training. The platform taps into a global community of users who manage privacy-protecting nodes, allowing them to share their spare internet bandwidth in exchange for rewards. This innovative approach enhances the quality of AI inferences by providing accurate and timely information, a method known as Retrieval Augmented Generation (RAG).
Darren Nguyen, co-founder of Nodepay, stated, “Our mission is to develop solutions that create tangible value for both AI developers and their end-users. We give contributors a stake in the AI ecosystem they are fundamentally helping to build.” The platform integrates real-time data retrieval, a decentralized Web3-oriented answering engine, reinforcement learning for more accurate model outputs, and gamified human verification methods. These components work together to foster a fair, collaborative, and innovative AI ecosystem.
Eric Le, investment director of IDG Capital, emphasized the importance of Nodepay's vision, saying, "The Nodepay team is democratizing the AI economy with a platform that allows users to directly share in the value they create. We are proud to support their vision of making AI more accessible and beneficial for all."
With this funding, Nodepay plans to further commercialize its infrastructure for the benefit of both the user community and AI partner laboratories. The company is preparing to launch on the Solana blockchain and is poised to lead the next era of decentralized AI development and training.
Currently, Nodepay serves over 1.5 million active users globally and continues to expand its reach, solidifying its role as a leader in the integration of AI and blockchain technology. Users are encouraged to follow their social channels and official website for the latest updates and announcements.
About Nodepay
Nodepay is a decentralized AI platform dedicated to democratizing AI training through real-time data retrieval. By converting unused internet bandwidth into a valuable resource, Nodepay supports the next generation of AI models and stands at the forefront of AI decentralization. With a commitment to innovation and community-driven development, Nodepay is reshaping how AI and users interact in a decentralized landscape.
Topics Consumer Technology）
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