DePIN project EMC completes multi-million dollar first round of strategic financing

DePIN project EMC (Edge Matrix Computing) announced the completion of a strategic financing round worth millions of dollars, with the specific amount undisclosed. Swiss Bochsler Group, Future3 Campus, 1783 Labs, Frontier Research, DMC, VOFO Corp, Exabits.ai, Hashmeta, CEEX Labs, BlueSea, and others participated in the investment.

EMC is a Web3 incubator project incubated by Wanxiang Blockchain Laboratory and HashKey Capital's Future3 Campus, aimed at establishing a decentralized AI computing capability network and bridging the gap between GPU computing asset and AI application programs on the Web3 platform.

DePIN

Comments

All Comments

Recommended for you

CointimeSG ·

Texas judge tosses out SEC's expanded 'broker' rule, which broke with 90 years of legal tradition to rope in crypto traders

A Texas court has order the U.S. Securities and Exchange Commission to throw out a controversial rule that broadly redefined the term “dealer” in a move that impacted both crypto-focused and traditional finance firms.
Amazon to invest an additional $4 billion in Anthropic, OpenAI's rival

Amazon is deepening its cooperation with Anthropic and will add an additional $4 billion investment to the company. In September of this year, Anthropic, an artificial intelligence startup, was seeking a new round of financing with a valuation of up to $40 billion. Anthropic was founded by former OpenAI executives in 2021 and focuses on creating interpretable, secure, and controllable artificial intelligence systems. The company's flagship AI model, Claude, operates based on "Constitutional AI," which uses predefined principles to guide its output, avoiding some erroneous or discriminatory output reactions.
CointimeSG ·

Trump Media hints at crypto trading, payments in TruthFi trademark filing

The new trademark filing from Trump Media and Technology Group mentions digital wallets, cryptocurrency payment processing services, and a digital asset trading platform.
CointimeSG ·

Exness wins “Best Retail FX Broker” at Finance Magnates London Summit 2024

Exness’ participation at FMLS:24 highlights its commitment to advancing the B2B space.
CointimeSG ·

Sui Network is back up after facing 'major outage' for nearly two hours

Sui Network was down for nearly two hours due to “a bug in transaction scheduling logic.” A fix was issued, and the network is now back up.
CointimeSG ·

Building the future of RWA tokenization: X Spaces recap with MANTRA

RWA space faces challenges beyond regulation. High-quality assets and tangible value creation are critical, according to MANTRA Chain.
CointimeSG ·

Chill Guy Meme Coin Soars to $500M Market Cap on TikTok Fame

Despite its success, Chill Guy faces legal issues. Its creator reportedly plans to take action against unauthorized commercial use of the character.
Crypto wallet Deblock completes approximately $16.8 million in seed round financing

Deblock, a cryptocurrency wallet created by former Revolut and Ledger executives, has raised an additional £13.3 million (approximately $16.8 million) in seed funding, as reported in documents submitted to the UK Companies House this month. Primary investors in this round of funding include Headline, Hoxton, 20VC, and Chalfen, according to documents filed in October. Sifted previously reported that the startup had quietly raised €12 million last year. Deblock was founded in August 2022 by former Revolut cryptocurrency chief Jean Meyer, payment chief Aaron Beck, and former Ledger engineering chief Mario Eguiliuz.
Stablecoin infrastructure platform Noble receives $15 million in Series A funding led by Paradigm

stablecoin infrastructure platform Noble has completed a Series A financing round led by Paradigm, raising $15 million. Noble has partnered with stablecoin issuers such as Circle, Ondo Finance, Hashnote Labs, and Monerium, and currently manages assets worth more than $458 million.
0G Labs Completes $40 Million Seed Round and Receives $250 Million Token Purchase Commitment

Zero Gravity Labs (0G Labs or 0GL), a startup company in the field of cryptocurrency and artificial intelligence, announced that it has raised $290 million in new financing. This includes $40 million in seed funding raised by the laboratory and a $250 million token purchase commitment received by the 0G Foundation (an independent management organization of the 0G protocol).