IoTeX Secures Major Investment From Animoca Brands to Advance Real-World AI

Blockchain platform IoTeX has secured a significant investment from Animoca Brands, bolstering its efforts to revolutionize real-world applications of artificial intelligence (AI). This strategic partnership also includes Animoca Brands becoming a network validator and ecosystem partner for IoTeX. Since 2017, IoTeX has been at the forefront of providing blockchain infrastructure for AI, utilizing real-world data from machines and decentralized physical networks (DePINs) to enable groundbreaking AI models and applications. The platform supports over 100 projects and 40 million devices across diverse sectors such as mobility, robotics, energy, and healthcare. With funding support from renowned investors like SamsungNext, Draper Dragon, and more, IoTeX’s network facilitates real-time access to data for autonomous interactions with the physical world, empowering developers to create impactful AI applications. This investment by Animoca Brands will accelerate this progress, enabling the company’s core infrastructure—including its Layer 1 blockchain, ioID decentralized identity, $IOTX token, and Quicksilver AI data framework—to be leveraged to build innovative solutions.