Nodepay Raises $7M in Funding to Drive AI Growth with Real-Time Data Infrastructure

SINGAPORE, December 27, 2024 /PRNewswire/ — Nodepay, a decentralized AI platform that transforms unused internet bandwidth into real-time data pipelines for AI training, today announced a second round of funding, bringing total funding to $7 million.

The latest round of funding included new strategic investors such as IDG Capital ($23 billion AUM), Mythos, Elevate Ventures, IBC, Optic Capital, Funders.VC, Matthew Tan (Etherscan founder) and Yusho Liu (co-founder and CEO by CoinHako) welcomed as well-known angels. They join an impressive list of previous backers that includes Animoca Brands, Mirana, OKX Ventures, JUMP Crypto, Tokenbay Capital and many more.

Nodepay’s network is based on a global community of users running privacy-optimized nodes. By making their excess internet bandwidth available, these participants receive a reward for creating a real-time data source that powers AI inference with accurate, timely information – an approach known as Retrieval Augmented Generation (RAG).

Darren NguyenCo-founder of Nodepay, comments: “We develop solutions that create tangible value for both AI developers and their end users.” We involve contributors in the AI ​​ecosystem that they play a key role in shaping.”

Nodepay’s infrastructure platform integrates real-time data retrieval, a Web3-focused decentralized response engine, reinforcement learning for more accurate model output, and a gamified human. Together, these components form a fair, collaborative and innovative AI ecosystem.

Eric LeInvestment Director at IDG Capital, explains: “The Nodepay team is democratizing the AI ​​economy by providing a platform that allows users to directly participate in the value they create.” We are proud to be their vision of one for all “To support accessible and useful AI.”

With this funding, Nodepay will further commercialize its infrastructure to leverage both its community and partner AI labs. With preparations to launch on Solana, Nodepay is well positioned to deliver the next phase of decentralized AI development and training.

Nodepay already has over 1.5 million active users worldwide and continues to expand its reach to cement its role as a leader in integrating AI and blockchain technology. Users can expect more updates and new announcements via social media channels and the official website.

Information about Nodepay
Nodepay is a decentralized AI platform dedicated to democratizing AI training through real-time data retrieval. By turning unused internet bandwidth into a valuable resource, Nodepay is powering the next generation of AI models and is at the forefront of AI decentralization.

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