iExec Initiates a $1 Million RLC Ecosystem Fund for Web3 Innovation
In a groundbreaking move to propel the growth of Web3 initiatives, iExec, a pivotal trust layer for decentralized physical infrastructure networks (DePIN) and artificial intelligence (AI), has unveiled a substantial RLC Ecosystem Fund valued at $1 million. This fund aims to accelerate the development of cutting-edge Web3 projects, according to reports shared with Finbold on April 23.
This newly launched fund provides both dilutive and non-dilutive financial support, specially crafted for early-stage startups and scaling ventures focused on DePIN, AI, and their associated Web3 solutions.
iExec RLC Ecosystem Fund: Empowering Innovation
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As a cornerstone for DePIN and AI applications, iExec is determined to empower developers by offering not only financial backing but also essential tools and mentorship. This comprehensive support is designed to facilitate the creation of advanced decentralized solutions.
Nathan Chiron, the Chief Revenue Officer (CRO) at iExec, emphasizes the fund’s role as a transformative force in the industry:
“We invest in conviction, not consensus, and with the launch of the RLC Ecosystem Fund, we’re confident we can add real value by backing the builders defining the future of AI and DePIN, one that prioritizes privacy. This fund is more than just an investment; it’s a catalyst for meaningful impact and real-world adoption.”
This initiative aligns with iExec’s long-term vision of advancing blockchain innovation through the integration of confidential computing and privacy-centric technology.
The introduction of the new fund further demonstrates iExec’s commitment to community engagement, following its strategic RLC token buyback, which underscores the platform’s active involvement in fostering a robust ecosystem.
Fostering Scalable and Decentralized Web3 Solutions
The iExec fund is set to support a diverse array of projects, including those focused on Real-World Assets (RWAs), Social Finance (SoFi), and privacy enhancements. Developers will benefit from access to iExec’s proprietary development kits (SDKs), along with valuable technical guidance and mentorship to help them achieve their project goals.
Furthermore, iExec is cultivating a new support network by inviting industry experts, forming strategic partnerships, and engaging the community. This collaborative approach ensures that the next generation of decentralized applications (dApps) will be resilient and ready to meet future challenges in the Web3 landscape.
