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Nodepay is a decentralized AI network designed to break the monopoly of large tech corporations over key computing resources for AI training. It allows users to earn rewards for contributing data and computing power to the network so that AI startups can acquire this power and use it for AI model development purposes.
It will be powered by the native token, the main utility of which is paying fees for usage of the network, rewarding contributors, and giving access to the protocol’s DAO.
On September 28th, 2024, the platform closed a Private funding round with the participation of Animoca Brands, GSR, Jump Crypto, and others, but the amount of funds raised remains undisclosed.