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MachineFi Lab
MachineFi Lab is the organization behind IoTeX, a blockchain platform for Decentralized Physical Infrastructure Networks (DePIN) and the Internet of Things (IoT). Their project, MachineFi, introduces a Web3 paradigm to financialize machine resources and intelligence, aiming to give ownership and value back to individuals rather than centralized corporations. IoTeX provides the core infrastructure, including a Layer 1 blockchain, decentralized identities (ioID), and AI modules, to enable developers to build applications that connect real-world devices and data to the blockchain.
Distributed
Funding Rounds
Funding Round: Unknown
Funding Date: 2 Apr, 2024
Raised Amount: $50M