Nodepay raises $7m to propel AI with real-time Data Infrastructure

By Gloria Mathias

Nodepay, a decentralised AI platform that transforms unused internet bandwidth into real-time data pipelines for AI training, has 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 ($23 billion AUM), Mythos, Elevate Ventures, IBC, Optic Capital, and Funders.VC, Matthew Tan (founder of Etherscan), and Yusho Liu (CoinHako Co-founder and CEO) as notable angels. They join an impressive roster of previous backers that includes Animoca Brands, Mirana, OKX Ventures, JUMP Crypto, Tokenbay Capital, and more.

With this funding, Nodepay will continue to commercialise its infrastructure to benefit both its community and partner AI labs. As it prepares to launch on Solana, Nodepay stands ready to lead the next era of decentralised AI development and training.

Nodepay’s network connects a global community of users running privacy-protected nodes. 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 RRetrieval-Augmented Generation(RAG).

Darren Nguyen, Co-founder of Nodepay, commented, “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.”

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

Eric Le, investment director of IDG Capital, said, “The team at Nodepay is democratising 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.”

Already serving over 1.5 million active users worldwide, Nodepay continues to expand its reach, solidifying its role as a leader in integrating AI and blockchain technology.