Nodepay, a groundbreaking decentralized AI platform, is transforming how unused internet bandwidth is utilized by converting it into real-time data pipelines for AI training. The company has announced a successful second round of funding, bringing its total capital raised to $7 million.
Backed by Leading Investors
This latest funding round includes notable strategic investors such as IDG Capital (managing $23 billion in assets), Mythos, Elevate Ventures, IBC, Optic Capital, Funders.VC, as well as angel investors Matthew Tan (Etherscan founder) and Yusho Liu (CoinHako co-founder and CEO). These join an already impressive lineup of previous backers, including Animoca Brands, Mirana, OKX Ventures, JUMP Crypto, and Tokenbay Capital.
Transforming Bandwidth into AI Power
Nodepay operates on a global decentralized network, allowing users to share their unused internet bandwidth via privacy-protected nodes. These participants earn rewards while creating real-time data pipelines that enhance AI inference with accurate and timely information. The platform leverages a unique approach known as Retrieval Augmented Generation (RAG), revolutionizing how data is fed into AI systems.
Darren Nguyen, co-founder of Nodepay, explained:
“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.”
The Nodepay Ecosystem: Innovation at Its Core
Nodepay’s infrastructure integrates:
- Real-time data retrieval for up-to-date AI model inputs.
- A Web3-focused decentralized answer engine to ensure transparency and efficiency.
- Reinforcement learning to improve model accuracy.
- Gamified human verification to maintain data integrity.
This holistic ecosystem fosters a fair, collaborative, and innovative AI economy, empowering users and developers alike.
Investor Confidence in Nodepay’s Vision
Eric Le, Investment Director at IDG Capital, shared his thoughts on the partnership:
“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.”
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