Future Campus incubated project Edge Matrix Chain completes $20 million financing, to launch AI-driven Layer 1 network and public testnet

Edge Matrix Chain (hereinafter referred to as EMC), incubated by Future3 Campus and a global leading multi-chain AI infrastructure provider, today announced the successful completion of a new $20 million funding round, led by Amber Group and Polygon Venture. Other notable investors include One Comma, Kapley Judge and Associated Corporations, Cyberrock Venture Fund, Candaq Fintech Group, Hameem Raees Chowdhury.

 

Launching an AI-Driven Layer 1 Network

This funding will be used to launch EMC’s dedicated Layer 1 blockchain, focusing on AI-driven decentralized applications (dApps). This innovative AI-centric blockchain is designed to scale and support GPU computing for crypto AI projects, while introducing a new DeFi asset class backed by tokenized real-world GPU resources. EMC decided to launch this dedicated Layer 1 blockchain because existing Layer 1 and Layer 2 blockchains are unable to optimally address the unique requirements of AI applications.

EMC’s AI-centric blockchain will provide native support for distributed GPU computing, enabling seamless integration with various large language models (LLMs) and AI frameworks. It will also optimize data storage and retrieval to accommodate AI workloads, allowing developers to more easily build, deploy, and scale decentralized AI applications than on existing general-purpose blockchains. This includes compute-intensive AI applications such as training generative AI chatbots on large datasets.

Introducing a New DeFi Asset Class

One of the core features of the EMC blockchain is the tokenization of computing assets, making investment and fractional ownership of high-performance GPU resources possible. This unique offering combines the power of real-world assets with the liquidity and accessibility of blockchain technology, setting EMC apart from other AI token projects in the market. These tokenized computing assets, backed by physical GPUs, are expected to see a 160% increase in demand due to the rapid growth of AI applications.

The EMC ecosystem will introduce an entirely new DeFi asset class by tokenizing H100 Tensor Core GPUs developed by Nvidia. These real-world assets (RWA) will be tokenized and offered with fractional ownership, enabling users to invest in and benefit from the outsourcing of on-chain GPU resources. The EMC network aims to provide sustainable and scalable annual percentage yields (APY) for these tokenized assets, creating an attractive investment narrative for both institutional and retail investors.

Comprehensive Web3 Infrastructure

EMC’s AI blockchain solution complements the company’s comprehensive Web3 infrastructure, which already includes data storage, oracle services, and GPU cloud services. By offering a full-stack solution, EMC enables developers to seamlessly build and deploy AI applications, leveraging the advantages of decentralization and blockchain technology. In addition, the EMC network will support cross-chain functionality with other major blockchains such as Arbitrum, TON, and Solana, ensuring interoperability and tapping into the liquidity and user base of these established networks.

"We are deeply grateful for the support and trust from our investors in our mission to build a dedicated AI blockchain," said Alex Goh, Co-founder and Chairman of Edge Matrix Chain (EMC). "This funding will enable us to accelerate the development and launch of an AI-centric Layer 1 blockchain, providing developers with dedicated tools to access tokenized GPU computing resources and build 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 introducing new DeFi primitives through tokenized fractional ownership."

Testnet and Its Reward Program

On August 17, EMC launched a two-month public testnet reward program, including mining reward plans and ecosystem reward plans. The EMC Foundation expects to allocate a prize pool worth $5 million, attracting and rewarding early contributors and loyal users through a two-phase incentive program, and providing unique ecosystem benefits and support for innovation through joint ecosystem projects.

This public testnet reward program will provide global developers and users with the opportunity to participate in the EMC ecosystem, experience EMC’s innovative technology, and contribute to its future development. The team is fully preparing for the mainnet launch, which is expected to go live later this year. After the mainnet launch, developers will be able to deploy their AI applications and leverage the full potential of EMC’s decentralized AI ecosystem.

About Future3 Campus

Future3 Campus is a Web3.0 innovation incubation platform jointly initiated by Wanxiang Blockchain Labs and HashKey Capital, focusing on three major tracks: Web3.0 Massive Adoption, DePIN, and AI, with Shanghai, the Guangdong-Hong Kong-Macao Greater Bay Area, and Singapore as its main incubation bases, radiating to the global Web3.0 ecosystem. At the same time, Future3 Campus will launch an initial $50 million seed fund for Web3.0 project incubation, truly serving innovation and entrepreneurship in the Web3.0 field.

About EMC

EMC is a leading multi-chain AI infrastructure paving the way for the future of decentralized AI (DeAI). The platform hosts a range of AI-driven decentralized applications (dApps) that run seamlessly on the EMC network, including Jarvis, an integrated AI agent that enhances user experience and application functionality in the background. The EMC network combines a utility economic model based on GPU computing power, facilitating the use and trading of computing resources, making transactions and usage patterns for nodes and end users more convenient and smooth.