IEXEC launched a $ 1 million fund to support startups and DePin, focusing on Web3 and decentralized applications. The Fund will support projects from early development to expansion, while emphasizing the role of IEXEC in the progress of digital asset technology. Experts highlight the possibility of enhancing privacy and computing resources to attract developers and push innovation in decentralized technologies. The role of the fund is seen as it is very important in developing decentralized technologies supported by artificial intelligence and DePin.
IEXEC, a prominent Defi platform, has launched a million dollars RLC environmental fund to support developers working on artificial intelligence projects (AI) and decentralized physical infrastructure projects (DePin). The fund is designed, equivalent to about $ 1.22 million, to enhance innovation in major fields such as decentralization (Defi), assets code in the real world, social financing, and privacy preservation techniques [1].
The RLC Ecosystem System will provide financial support and guidance and access to the strategic partnership network and developers tools in IEXEC projects that focus on artificial intelligence and DePin. The fund aims to encourage the development of new solutions in these areas, with a special focus on privacy protection. “We are investing in condemnation, not consensus, and with the launch of the RLC ECOSYSTEM FUND, we are confident that we can add real value by supporting builders who determine the future of artificial intelligence and DePin, which puts privacy first,” said Iexec’s Cro. [1].
The fund will be distributed through a mixture of reduced and unacceptable investments, allowing projects to negotiate whether the investment will affect their stock structure. Decentralized physical infrastructure projects are encouraged, which benefit from Blockchain mechanisms to enable group employment, maintenance and benefit from networks in sectors such as communications, transportation and cloud computing in particular [1].
In a separate initiative, Mexc Ventures announced a $ 30 million allocation to support web3 talents and accelerate innovation through the decentralized ecosystem. The “IGNITEX” initiative aims to create the Launchpad program for the startups for the web3 in the early stage, research initiatives, developers societies, and academic institutions. The program will include counseling, educational efforts, and financing, with a focus on stablecoins, artificial intelligence -based solutions, and Blockchain infrastructure elements [2].
Both initiatives emphasize the increasing importance of the AI Agency and DePin in developing decentralized technologies. By providing resources and support for developers, these funds aim to push innovation and enhance privacy and computing resources available for decentralized applications (DAPS).
References:
[1] https://crypto.news/exclusive-exec-launcles-1M-rlc-fund-to-back-deevelopers-in-ai-depin-rwa-more/
[2] https://cryptoslate.com/press-releses/mexc-Ventures-launcles-ignitex-a-30-million-initiative-to-foster- Web3- Talent-and-innovation/
