Nodepay, a decentralized AI platform, has raised a second round of funding, bringing its total to $7 million. This funding will fuel its mission to transform unused internet bandwidth into real-time data pipelines for AI training.
1. Funding Details
- The latest funding round includes investments from IDG Capital ($23 Billion AUM), Mythos, Elevate Ventures, IBC, Optic Capital, Funders.VC, Matthew Tan (Etherscan founder), and Yusho Liu (CoinHako Co-founder & CEO).
- Previous backers include Animoca Brands, Mirana, OKX Ventures, JUMP Crypto, and Tokenbay Capital.
2. Unique Value Proposition
- Nodepay’s network enables users to run privacy-protected nodes and share unused internet bandwidth.
- Participants earn rewards for contributing to real-time data pipelines that enhance AI inference accuracy, leveraging Retrieval Augmented Generation (RAG).
3. Vision and Mission
- Co-founder Darren Nguyen states, “Our mission is to develop solutions that create tangible value for both AI developers and its end users.”
- The platform empowers contributors to share in the AI ecosystem they help build.
4. Advanced Technology
- Nodepay’s infrastructure includes:
- Real-Time Data Retrieval: Improving AI inference with accurate data.
- Decentralized Answer Engine: Web3-focused and innovative.
- Reinforcement Learning: Enhancing model accuracy.
- Gamified Human Verification: Ensuring fair contributions.
5. Strategic Support
- Eric Le of IDG Capital highlighted Nodepay’s efforts in democratizing the AI economy, making AI accessible and beneficial to all.
6. Future Roadmap
- Nodepay aims to commercialize its platform further, benefiting contributors and partner AI labs.
- Plans to launch on Solana, setting the stage for decentralized AI advancements.
Nodepay’s latest funding round marks a significant step in revolutionizing AI training and development. By leveraging decentralized networks and incentivizing contributors, Nodepay is paving the way for a collaborative and accessible AI future.
