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

IconCryptoNewsTerminal Staff29 Aug, 2024

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

Edge Matrix Chain (EMC), a multichain infrastructure provider, has secured $20 million in a funding round led by Polygon Ventures and Amber Group. Other participants in the round included One Block, Cyber Rock Ventures, and Candax Fintech Group. The funds raised will be used to develop an AI-powered layer-1 blockchain, enabling faster and more efficient transaction processing. EMC aims to create a scalable and secure blockchain network that can support a wide range of applications. With its innovative approach, EMC is poised to become a significant player in the blockchain industry. The company's focus on AI and multichain interoperability will provide developers and users with a robust and accessible platform for building and deploying decentralized applications.

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