REVOX Secures $6 Million to Enhance Decentralized Content Distribution

IconCryptoNewsTerminal Staff13 Jun, 2024

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REVOX Secures $6 Million to Enhance Decentralized Content Distribution

Decentralized content distribution platform REVOX has secured $6 million in a recent funding round, the company announced Thursday. The investment round was led by SevenX Ventures, Aave sCP Ventures, Cointelegraph Acceleration, Skyland Ventures, Taisu Ventures, 0xConsulting and 7upDAO, among others. The funds will be used for the development of a modular artificial intelligence (AI) agent network, dApp creation, and more. REVOX is a decentralized content distribution network that allows users to share and access content without the need for intermediaries. The platform is designed to be censorship-resistant and to provide users with greater control over their data. The $6 million investment will allow REVOX to accelerate the development of its platform and to expand its team. The company plans to use the funds to develop a modular AI agent network that will allow users to create and customize their own content distribution experiences. REVOX also plans to use the funds to develop new dApps that will make it easier for users to share and access content. The company believes that decentralized content distribution is the future of the internet and that its platform will play a major role in making this a reality.