December 27, 2024
Nodepay, a platform advancing decentralized AI infrastructure, has disclosed a cumulative funding total of $7 million. The latest round brought contributions from notable investors, including IDG Capital, Mythos, and Elevate Ventures, as well as individual investors like Matthew Tan, founder of Etherscan, and Yusho Liu, CEO of CoinHako. Previous backers, such as Animoca Brands and OKX Ventures, were also involved in earlier funding stages.
The company operates a network that utilizes shared internet bandwidth from participants who run secure nodes, generating real-time data pipelines essential for AI model training. This mechanism, known as Retrieval Augmented Generation (RAG), ensures that AI systems gain access to timely and accurate data. Nodepay's platform combines decentralized retrieval processes, reinforcement learning tools, and human verification features, creating a framework aimed at improving AI outputs.
With a user base exceeding 1.5 million globally, Nodepay plans to further commercialize its infrastructure and deepen partnerships with AI laboratories. The company is preparing for its launch on Solana, positioning itself for broader adoption in decentralized AI development and training.
About Nodepay
Nodepay is a decentralized AI platform focused on enabling real-time data pipelines through shared internet bandwidth. Its approach integrates privacy protection and gamification to encourage community participation, contributing to the advancement of AI models.
Website:Â https://nodepay.ai
X: @nodepay_ai
About Investor
IDG Capital
IDG Capital is an investment firm managing over $23 billion in assets. The company invests across sectors such as technology and healthcare, supporting ventures that shape emerging industries.
Location:Â Beijing, China
Website:Â https://en.idgcapital.com/
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