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Edge Matrix Chain (EMC) has successfully raised $20 million to develop an AI-focused Layer 1 blockchain. This funding, led by Amber Group and Polygon Venture, aims to create a decentralized ecosystem optimized for AI applications. The new blockchain will support GPU compute for AI-powered decentralized applications (dApps) and introduce a novel DeFi asset class backed by tokenized GPU resources.
The EMC blockchain will facilitate seamless integration with large language models and enhance data storage for AI workloads. By tokenizing compute assets, EMC aims to attract institutional and retail investors, offering a sustainable annual percentage yield on these assets. The upcoming public testnet will incentivize early contributors, paving the way for the mainnet launch later this year.
• EMC raises $20 million for AI-centric blockchain development.
• New DeFi asset class introduced through tokenized GPU resources.
EMC's Layer 1 blockchain is specifically designed to optimize AI applications and support GPU compute.
EMC will tokenize GPU resources to allow fractional ownership and investment opportunities.
EMC's blockchain will support AI-powered dApps, enhancing their scalability and efficiency.
EMC is launching a dedicated blockchain to enhance the accessibility and efficiency of AI applications.
Amber Group is one of the leading investors in EMC's recent funding round.
Polygon Venture is instrumental in supporting EMC's mission to develop an AI-centric blockchain.
Nvidia's H100 Tensor Core GPUs will be tokenized as part of EMC's new DeFi asset class.
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