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Edge Matrix Chain Announces $20M to Launch AI-Powered Layer 1 Network and Public Testnet

Edge Matrix Chain (EMC), a leader in multi-chain AI infrastructure, has raised $20 million in a funding round led by Amber Group and Polygon Venture, with participation from other key investors.

The funds will be used to launch EMC’s specialized Layer 1 blockchain, designed specifically for AI-powered decentralized applications (dApps).

This new blockchain will optimize GPU compute resources for AI projects and introduce a unique DeFi asset class backed by tokenized real-world GPUs. EMC’s solution will enable developers to build and scale AI applications more efficiently, integrating seamlessly with existing large language models and AI frameworks.

James Dargan
About the author
James Dargan

James Dargan is a writer and researcher at The AI Insider. His focus is on the AI startup ecosystem and he writes articles on the space that have a tone accessible to the average reader.

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