iExec Launches $1M RLC Ecosystem Fund to Boost AI & DePIN Innovation

There will be a combination of dilutive and non-dilutive investments made in order to provide funding for initiatives.
These investments will be used to assist initiatives at every level, from early development to scale-up activities.

iExec, the platform that acts as the trust layer for DePIN and AI, has presented an announcement about a $1M RLC ecosystem fund that will back web3 initiatives in many key sectors. There will be a combination of dilutive and non-dilutive investments made in order to provide funding for initiatives that aim to develop innovative solutions that include both DePIN and AI.

The long-term objective of promoting blockchain is supported by the iExec Ecosystem Fund, which provides those who build blockchain with the tools necessary to develop strong decentralized apps. It is the mission of iExec to cultivate an atmosphere that is conducive to the development of innovative ideas by putting an emphasis on privacy-first solutions and confidential computing.

As a result of the previously announced strategic buyback of the $RLC token, the iExec Ecosystem Fund has been launched. This fund will serve as an important resource for builders who are interested in making an impact. Dilutive and non-dilutive investments will be made available by the fund to builders who are influencing the next phase of web3 adoption. These investments will be used to assist initiatives at every level, from early development to scale-up activities.

In addition to DePIN, AI, and DeFi, iExec is looking for developers who are capable of building solutions that use RWAs, SoFi, and infrastructure that protects users privacy. Builders will get the opportunity to employ iExecs dev tools and software development kits (SDKs) for smooth integration. Additionally, they will receive mentoring and funds to assist them in realizing their full potential.

iExec CRO, Nathan Chiron, said:

iExec CRO, Nathan Chiron, said: We invest in conviction, not consensus, and with the launch of the RLC Ecosystem Fund, were confident we can add real value by backing the builders defining the future of AI and DePIN, one that puts privacy first. More than just an investment, the fund is a catalyst for meaningful impact and real-world adoption.

Beyond funding, iExec will help builders realize their visions by offering them a network of technical know-how, strategic alliances, and essential resources, such as access to the recently established AI Unbundled Alliance, a new industry network that supports decentralized AI infrastructure. The fund is available for projects that advance technological advancement and adoption in the web3 space.

iExec serves as the trust layer for both DePIN and AI. iExec enables decentralized TEE-based CPU and GPU infrastructure that allows confidential computing and trustworthy off-chain execution.

Developers have access to developer tools and computing resources in order to build privacy-preserving applications across a variety of domains, including artificial intelligence, decentralized finance, RWA, big data, and more.

Any participant in the iExec ecosystem is able to govern, secure, and monetize their digital assets, which may include anything from computing power, personal data, and code to artificial intelligence models. This is all accomplished via the use of the iExec RLC token, which is the driving force behind an asset-based token economy.

Text source: TheNewsCrypto – Blockchain & Cryptocurrency News M

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