Nodepay, a decentralized AI platform transforming unused internet bandwidth into real-time data pipelines for AI training, announced it has raised a second round of funding, bringing the total to $7 million.
This latest funding round welcomed new strategic investors IDG Capital, Mythos, Elevate Ventures, IBC, Optic Capital, Funders.VC, Matthew Tan (Etherscan founder) and Yusho Liu (CoinHako Co-founder & CEO) and notable angels. And they join an impressive roster of previous backers that includes Animoca Brands, Mirana, OKX Ventures, JUMP Crypto, Tokenbay Capital and more.
Nodepay’s network utilizes a global community of users running privacy-protected nodes. And by sharing their spare internet bandwidth, these participants earn rewards for creating a real-time data source that improves AI inference with accurate, timely information—an approach known as Retrieval Augmented Generation (RAG).
Nodepay’s infrastructure platform integrates real-time data retrieval, a Web3-focused decentralized answer engine, reinforcement learning for more accurate model output, and gamified human verification. And these components combine to create a fair, collaborative, and innovative AI ecosystem.
With this funding round, Nodepay will continue to commercialize its infrastructure to benefit both its community and partner AI labs. And as it prepares to launch on Solana, Nodepay stands ready to lead the next era of decentralized AI development and training.
Already serving 1.5+ million active users worldwide, Nodepay continues to expand its reach, solidifying its role as a leader in the integration of AI and blockchain technology. And users can expect further updates and new announcements through their social channels and official website.
KEY QUOTES:
“Our mission is to develop solutions that create tangible value for both AI developers and its end users. We give contributors a share in the AI ecosystem they help fundamentally build.”
- Darren Nguyen, co-founder of Nodepay
“The team at Nodepay is democratizing the AI economy by providing a platform that allows users to share directly in the value they create. We’re proud to support their vision of making AI more accessible and beneficial to all.”
- Eric Le, investment director of IDG Capital
