Overview of the AI+DePIN project EMC, funded by investors such as Amber Group and Polygon
On August 16, the EMC Layer 1 blockchain testnet was officially launched, allowing users to earn EMC tokens through "mining."Author: Lyric, ChainCatcher
Editor: Nianqing, ChainCatcher
With the rapid rise of AI technology and the decentralized physical infrastructure network (DePIN) of Web3, GPU-based computing DePIN is becoming a hot topic in the industry. Several projects such as Render, IoTeX, Helium, and io.net are making significant progress. Recently, EMC announced the successful completion of a $20 million strategic financing, and the following will introduce EMC.
What is EMC?
EMC (Edge Matrix Computing) was established in 2022 as a high-performance decentralized AI computing application network aimed at addressing the supply-demand contradiction between the development of AI technology and the shortage of GPU computing resources. As a platform in the Web3 space that directly connects GPU computing assets with AI applications, EMC provides developers and users with distributed high-performance AI computing DePIN. Its core products include EMC Hub, JarvisBot, and OmniMuse, which are used for decentralized computing scheduling, diversified applications of AI services, and a platform to promote AI technology innovation, respectively. EMC aims to facilitate model trading and knowledge sharing through a Credits system, promoting collaboration and development within the creative community.
Core Products (EMC Hub, JarvisBot, OmniMuse)
EMC Hub is EMC's decentralized AI computing scheduling platform, providing the necessary resources, computing power, APIs, and tools for AI model libraries, AI developer services, and AI application deployment to train, optimize, and deploy their AI models. EMC Hub is also the recharge and settlement center for Credits consumed when using EMC computing. In the EMC Hub marketplace, AI models can be traded, shared, and utilized by consuming Credits. It is hoped that this will facilitate collaboration and knowledge sharing within the creative community, allowing users to monetize their models and create an AI+Web3 economy-driven ecosystem.
JarvisBot is an AI platform based on the EMC network, currently integrated into the hot TON ecosystem. JarvisBot not only provides an AI usage window capable of answering complex questions, assisting in writing articles, generating AI images, summarizing articles, and creating videos, but also offers a Web3 economic model where users can earn revenue through AI while consuming AI services on the TON chain. It can be used for various purposes, including customer support, lead generation, order updates, and personalized recommendations.
OmniMuse is an innovative platform that aggregates decentralized AI applications, providing a platform for AI developers and users to promote the innovative development of AI technology through decentralized AI, allowing users to discover and access intelligent technology applications.
Team Background
Alex Goh, co-founder and chairman of the Edge Matrix Chain (EMC) Foundation, holds an MBA from Macquarie University and is responsible for EMC's commercialization and global promotion in Singapore, with over 20 years of market expansion experience. He previously served as General Manager for Greater China at Improbable.io and Global Client General Manager at AWS.
Co-founder and CTO BK Khur graduated from Nanyang Technological University, where he served as a researcher and led digital transformation at Deloitte. He is a co-founder of JuzToday and Connaxion, as well as the CTO of ShopperBoard.
Allen Foo, a director of the EMC Foundation, is the founder and CEO of the early venture capital fund UCCVR and VooX. He has held significant positions at Unity and Microsoft, responsible for Azure cloud business.
Edge Matrix Chain (EMC) is incubated by Future3 Campus, and the recent $20 million financing was led by Amber Group and Polygon Venture, with participation from several investment institutions including One Comma, Kapley Judge and Associated Corporations, Cyberrock Venture Fund, Candaq Fintech Group, and Hameem Raees Chowdhury.
EMC Layer1 Testnet Now Live (with Testnet Mining Tutorial)
On August 16, the EMC Layer 1 blockchain testnet officially launched, providing developers, innovators, and users with the opportunity to test and provide feedback before the mainnet release. The following is the tutorial provided by the official team:
Step 1: Device Preparation: Before starting mining, prepare your device and ensure that your Windows device meets the following basic requirements:
- Operating System: Windows 10 or higher
- Processor: At least 4 cores
- Memory: Minimum 8GB, recommended 12GB
- Graphics Card: Minimum NVIDIA GeForce GTX 1070, recommended NVIDIA GeForce GTX 3060
Step 2: Set Up Wallet: You need to set up a wallet that supports the EMC testnet network to participate in the EMC testnet. It is recommended to use a wallet compatible with the platform, such as MetaMask or OKX wallet.
Detailed configuration information for the necessary wallet setup:
- Network Name: EMC Testnet
- Chain ID: 99876
- Currency Symbol: EMC
- Block Explorer URL: EMC Testnet Explorer
- EMC Testnet Chain Documentation: GitBook
- RPC URLs:
https://rpc1-testnet.emc.network/
https://rpc2-testnet.emc.network/
Step 3: Obtain EMC Test Tokens: Join the EMC Telegram or Discord community to receive free testnet tokens daily. These tokens can be used to interact with the platform and participate in mining.
Step 4: Start Mining: After setting up your wallet and obtaining test tokens, download and install the EMC client on your device, and you can choose between CPU and GPU mining modes based on your hardware capabilities.
Note: If you choose GPU mining, you will need to install Docker first.
Other Incentives
During the testnet phase, the following three methods can increase incentives:
- CPU and GPU Mining: EMC supports both CPU and GPU mining modes, allowing you to choose the option that best suits your hardware situation. Both methods can earn EMC tokens by contributing computing resources.
- Referral Program: Inviting friends to join the EMC testnet can earn you additional rewards. Each successful referral can increase your token income.
- Community Participation: Staying active in the EMC community channels, providing feedback, and participating in discussions can earn you additional rewards.
