HashPower announced the signing of a Memorandum of Understanding, securing up to $50 million in investments for the $HPX project following the successful AI & DePIN Powerhouse event in Hong Kong.
Significance of the Memorandum of Understanding
The Memorandum of Understanding was signed with Aethir, Network3, Multiple Network, XPIN Network, Planck Network, DMC AI, and Inferix. This agreement aims to foster ecosystem growth, technological advancements, and industry-wide collaboration. The partnership involves targeted investments, resource sharing, and joint research initiatives for sustainable development in AI-powered decentralized infrastructure.
Success of the AI & DePIN Powerhouse Event
The AI & DePIN Powerhouse event gathered over 2,000 attendees, including top founders, investors, and industry experts. The event featured panels, networking opportunities, keynotes, and a firechat with Invest HK on the future of decentralized AI and infrastructure.
Support and Partnership
The success of the event was made possible by the support of sponsors and partners, including Gaianet, DMC.AI, Wearfit, BIT, Likwid.fi, IO.net, IoTeX, Filecoin, elizaOS, Amber Group, Fenbushi Capital, Nubila, Cyberport, and FBG capital. Discussions centered around the new cycle of crypto mining, AI, DePIN (decentralized hardware infrastructure), and RWA (real assets on the chain).
The signing of the Memorandum of Understanding marks a significant step for HashPower in advancing AI and decentralized technologies, opening new avenues for collaboration and innovation.
