Nodepay is a decentralized platform that enables users to monetize their unused internet bandwidth by sharing it to support real-time artificial intelligence (AI) training and development. By participating, users contribute to a decentralized ecosystem where AI models are trained on real-time data, promoting fair access to AI technologies.
How Nodepay Works:
User Participation: Users install the Nodepay browser extension or mobile app, allowing them to share their internet bandwidth. In return, they earn rewards through a points system.
AI Support: The shared bandwidth facilitates decentralized data crawling, scraping, and real-time data retrieval, essential for AI model training and development.
Rewards System: Users accumulate points for their contributions, which can be converted into Nodecoin (NC), the native cryptocurrency of the Nodepay network. This incentivizes active participation and supports the platform's growth.
Key Components of Nodepay:
Node Core: The foundational infrastructure that supports the entire network, ensuring efficient and secure operations.
Node Net: A network comprising bandwidth providers and infrastructure partners, contributing resources to enhance the platform's capabilities.
Node Services: A suite of tools and applications that facilitate user interaction with the platform, including data retrieval, AI model training, and community engagement.
Recent Developments:
In December 2024, Nodepay raised $7 million in funding from investors such as Animoca Brands, Mirana, OKX Ventures, JUMP Crypto, and Tokenbay Capital. This investment aims to expand Nodepay's decentralized AI infrastructure and enhance its services.
By participating in Nodepay, users not only earn rewards but also play a crucial role in democratizing AI development, contributing to a more inclusive and decentralized AI ecosystem.