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

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TheNewsCrypto 16h ago

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

Quick Summary:

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.

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.

Dilutive and non-dilutive investments will be made available by the fund to builders who are influencing the next phase of web3 adoption.