Edge Matrix Chain Secures $20 Million to Build AI-Powered Blockchain

• Edge Matrix Chain (EMC) raises $20M to launch AI-focused Layer 1 blockchain, aiming to scale GPU compute for crypto AI projects.
• EMC introduces tokenized GPU resources as a new DeFi asset class, enabling fractional ownership of high-performance computing assets.
• The project's blockchain integrates with LLMs and AI frameworks, streamlining development of decentralized AI applications.

Multi-chain AI infrastructure and a project incubated by Future3 Campus, Edge Matrix Chain (EMC), has raised $20 million in a funding round led by Amber Group and Polygon Venture, with participation from investors like One Comma, Kapley Judge and Associated Corporations, Cyberrock Venture Fund, Candaq Fintech Group, and Hameem Raees Chowdhury.

The raised capital will be used to launch EMC’s specialized Layer 1 blockchain, which focuses on AI-powered decentralized applications (dApps). This new blockchain is designed to scale and support GPU compute for crypto AI projects, while also introducing a new DeFi asset class backed by tokenized real-world GPU resources. EMC decided to develop this dedicated Layer 1 blockchain to meet the specific needs of AI applications, which existing blockchains are not equipped to handle.

“We are incredibly grateful for the support and trust from our investors in our mission to build a dedicated blockchain for AI,” said Alex Goh, Co-founder and Chairman of Edge Matrix Chain (EMC). 

“This funding will enable us to 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.”

EMC’s AI-focused blockchain is built to enhance distributed GPU computing, seamlessly integrating with large language models (LLMs) and AI frameworks. It streamlines data storage and retrieval, making it easier for developers to build, deploy, and scale decentralized AI applications, including complex tasks like training generative AI chatbots.

In the DeFi space, EMC introduces an asset class by tokenizing high-performance GPU resources. This innovation enables fractional ownership and investment, merging real-world assets with blockchain liquidity. As demand for AI applications skyrockets, tokenized GPU assets, featuring Nvidia's H100 Tensor Core GPUs, are projected to grow by 160%. EMC offers a scalable annual percentage yield (APY), attracting both institutional and retail investors.

Moreover, EMC’s blockchain completes its Web3 infrastructure, which includes data storage, oracle services, and GPU cloud services. It also supports cross-chain interoperability with major networks like Arbitrum, TON, and Solana, facilitating seamless AI application development and accessing broader liquidity and user bases.

Edited by Harshajit Sarmah

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