ChainCatcher news, according to Chainwire, the decentralized AI training network Nodepay has announced the completion of its second round of financing, totaling $7 million. The latest round of investors includes IDG Capital, Mythos, Elevate Ventures, IBC, Optic Capital, Funders.VC, Etherscan founder Matthew Tan, and CoinHako co-founder and CEO Yusho Liu. Previous investors in Nodepay's financing include Animoca Brands, Mirana, OKX Ventures, JUMP Crypto, and Tokenbay Capital.According to reports, Nodepay is a decentralized AI training network dedicated to democratizing AI training through real-time data retrieval. By converting idle internet bandwidth into resources, Nodepay powers the next generation of AI models.

ChainCatcher news, the decentralized AI training platform FLock announced the completion of a $3 million strategic round of financing, bringing the total financing to $11 million. This round of financing was led by Grayscale's parent company, Digital Currency Group (DCG), with Lightspeed Faction participating in a follow-on round, along with strategic partners such as Animoca Brands, Fenbushi Capital, GnosisVC, GSR Ventures, OKCoinJapan, Bas1s Ventures, and A41. This round of financing will enable FLock to advance the democratization of AI model development and continue to build a decentralized AI training platform.FLock aims to address issues such as lack of transparency, weak data privacy, and unfair compensation for contributors in traditional centralized AI systems through blockchain technology. With its decentralized collaboration model, data remains local and does not need to be uploaded to third parties, allowing contributors to fairly share the benefits derived from data, computing power, and feedback, giving everyone the opportunity to participate in AI development.

ChainCatcher news, the decentralized AI training network Nodepay has completed a new round of financing, with participation from Animoca Brands, Jump Crypto, Elevate Ventures, OKX Blockdream, Mirana Ventures, NGC Ventures, and others. The specific amount of financing and valuation information has not yet been disclosed.