Nodepay Raises $7M for AI Growth with Real-Time Data Infrastructure

Posted On 28 Dec 2024
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 Nodepay , a decentralized AI platform that converts unused internet bandwidth into real-time data pipelines for AI training, today announced that it has raised a second round of funding, bringing its total to $7 million.

The latest funding round welcomed new strategic investors IDG Capital ( $ 23B AUM), Mythos, Elevate Ventures, IBC, Optic Capital, Funders. Venture capital investors Matthew Tan (Founder of Etherscan) and Yusho Liu ( CoinHako Co-Founder and CEO ) as notable angels. They join an impressive list of previous backers including Animoca Brands, Mirana, OKX Ventures, JUMP Crypto, Tokenbay Capital and more.

Nodepay’s network taps into a global community of users who operate privacy-protected nodes. By sharing their free internet bandwidth, these participants earn rewards for creating a real-time data source that improves AI inference with accurate and timely information. This approach is known as Retrieval Augmented Generation (RAG).

Darren Nguyen , co-founder of Nodepay, explains: “Our mission is to build solutions that create tangible value for both AI developers and their end users. We give contributors a stake in the AI ​​ecosystem they fundamentally help build.”

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

Eric Le , Investment Director at IDG Capital: “The Nodepay team is democratizing the AI ​​economy with a platform that allows users to directly share in the value they create. We are proud to support their vision to make AI more accessible and useful for everyone.”

With this funding, Nodepay will further commercialize its infrastructure for the benefit of both the community and AI partner labs. As Nodepay prepares to launch on Solana, it is poised to lead the next era of decentralized AI development and training.

Nodepay already serves over 1.5 million active users worldwide and continues to expand its reach, cementing its leadership in the integration of AI and blockchain technology. Users can expect further updates and new announcements via their social channels and official website .

About Nodepay
Nodepay is a decentralized AI platform focused on democratizing AI training through real-time data retrieval. By turning unused internet bandwidth into a valuable resource, Nodepay powers the next generation of AI models and is at the forefront of AI decentralization.

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