Edge Matrix Chain (EMC), a pioneering leader in multi-chain AI infrastructure and a key project incubated by Future3 Campus, has successfully secured $20 million in funding. The investment round was led by Amber Group and Polygon Venture, with additional support from notable investors such as One Comma, Kapley Judge and Associated Corporations, Cyberrock Venture Fund, and Candaq Fintech Group. The capital will fuel EMC’s ambitious plans to launch an AI-driven Layer 1 blockchain network and a public testnet.
Launching an AI-Centric Layer 1 Blockchain
The newly acquired funds will be directed towards the development of EMC’s specialized Layer 1 blockchain, which is specifically designed to power AI-driven decentralized applications (dApps). Unlike existing Layer 1 and Layer 2 blockchains, EMC’s infrastructure is optimized for AI workloads, providing the necessary scalability and GPU computing power required for advanced AI projects. This innovation introduces a new DeFi asset class backed by tokenized real-world GPU resources, setting EMC apart in the rapidly growing AI and blockchain sectors.
Building a Decentralized AI Ecosystem
EMC’s AI-centric blockchain is engineered to offer native support for distributed GPU computing, enabling seamless integration with large language models (LLMs) and various AI frameworks. This specialized blockchain will optimize data storage and retrieval, making it easier for developers to build, deploy, and scale decentralized AI applications. This includes complex, compute-intensive tasks such as training generative AI chatbots on vast datasets—tasks that are challenging to perform on general-purpose blockchains.
Introducing a New DeFi Asset Class
A standout feature of EMC’s blockchain is its ability to tokenize compute assets, allowing for investment and fractional ownership of high-performance GPU resources. These tokenized assets, backed by physical GPUs, represent a novel DeFi asset class that is expected to see a significant rise in demand, especially as AI applications continue to accelerate. EMC’s ecosystem will enable users to invest in tokenized H100 Tensor Core GPUs developed by Nvidia, providing a new avenue for institutional and retail investors to benefit from the growing AI sector.
The EMC network is also designed to offer a sustainable and scalable annual percentage yield (APY) on these tokenized assets, further enhancing its appeal to investors. This approach blends the power of real-world assets with the liquidity and accessibility of blockchain technology, making it a unique offering in the market.
Comprehensive Web3 Infrastructure
With the launch of its AI-focused blockchain, EMC completes its comprehensive Web3 infrastructure, which already includes data storage, oracle services, and GPU cloud services. This full-stack solution empowers developers to build and deploy AI applications with greater ease, leveraging the benefits of decentralization and blockchain technology. Additionally, EMC’s network will support cross-chain capabilities with other major blockchains such as Arbitrum, TON, and Solana, ensuring interoperability and tapping into the liquidity and user bases of these established networks.
CEO’s Vision
“We are incredibly grateful for the trust and support from our investors as we embark on building a dedicated blockchain for AI,” said Alex Goh, Co-founder and Chairman of Edge Matrix Chain (EMC). “This funding will accelerate the development and launch of our AI-centric Layer 1 blockchain, providing developers with access to tokenized GPU compute and specialized tools for building AI applications. Our vision is to create a decentralized ecosystem that makes AI more accessible and cost-effective by leveraging idle, underutilized GPU resources and enabling new DeFi primitives through tokenized fractional ownership of underlying compute assets.”
Public Testnet and Reward Program
EMC is set to launch a two-month public testnet incentive program starting on August 17, offering rewards through mining and ecosystem reward schemes. The EMC Foundation has allocated a $5 million prize pool for this program, designed to attract and reward early contributors and loyal users. This initiative will provide developers and users worldwide with the opportunity to engage with EMC’s innovative technology and contribute to the network’s growth.
The EMC team is actively preparing for the mainnet launch, anticipated later this year. Once live, the mainnet will enable developers to deploy their AI applications and fully leverage EMC’s decentralized AI ecosystem.
About Edge Matrix Chain (EMC)
Edge Matrix Chain (EMC) is a leading provider of multi-chain AI infrastructure, paving the way for the future of Decentralized AI (DeAI). The platform supports a wide range of AI-powered dApps running seamlessly on the EMC Network, including Jarvis, an integrated AI agent enhancing user experience and application capabilities. EMC’s network features utility-driven economics based on GPU power, facilitating the usage and trading of computing resources for a more efficient transaction and usage model for nodes and end-users.
For more information about Edge Matrix Chain (EMC) and its AI-focused blockchain, visit https://earn.emc.network.
