Nodepay, a decentralized AI platform, has raised $7 million to advance its AI training approach utilizing unused internet bandwidth.
Successful Investment Round
In the latest funding round, Nodepay attracted new strategic investors, including IDG Capital (with $23 billion AUM), Mythos, Elevate Ventures, IBC, and others. Angel investors like the founders of Etherscan and CoinHako are also part of this round. These investors join previous backers such as Animoca Brands and JUMP Crypto.
Nodepay's Mission and Technology
Nodepay uses a Retrieval Augmented Generation (RAG) approach, allowing participants to earn rewards by sharing unused internet bandwidth. The platform features a decentralized answer engine to enhance AI model accuracy and timeliness. Darren Nguyen, Nodepay's co-founder, said, “Our mission is to develop solutions that provide tangible value to both AI developers and end users.”
The Future of Nodepay
Nodepay plans to scale its infrastructure, preparing to launch on the Solana blockchain for future decentralized AI development. The platform already serves over 1.5 million active users and aims to expand its influence in AI and blockchain sectors.
With this new funding, Nodepay aims to further solidify its position in the AI sector by engaging more participants in its decentralized approach and continuing to develop innovative technological solutions.
