Edge Matrix Chain (EMC) has successfully raised $20 million in funding, with the round led by Polygon Ventures and Amber Group.

The funds will be utilized to launch EMC's Layer-1 blockchain, specifically designed for applications in artificial intelligence.

This new blockchain aims to enhance GPU computing capabilities for crypto AI projects, introducing a decentralized finance asset class backed by tokenized real-world GPU resources.

EMC plans to leverage Nvidia's tokenized H100 Tensor Core GPUs, enabling users to earn returns by outsourcing on-chain GPU resources.

To incentivize participation, EMC has initiated a $5 million public testnet incentive program, which commenced on August 17 and will unfold over two stages.

The rise of AI and Decentralized Physical Infrastructure Networks (DePIN) is projected to be a significant trend for 2024, potentially adding $20 trillion to global GDP by 2030.

Currently, the market capitalization of DePIN is nearing $19 billion, with leading projects like Render and Bittensor driving the sector's growth.

Investment firms in the UAE have launched a $500 million fund to support DePIN and AI development, highlighting the importance of these sectors.

Polygon's investment represents a strategic move into the AI and DePIN sectors, focusing on managing tokens, rewards, and governance within DePIN applications.

The AI trend has significantly contributed to a surge in the crypto market during the first half of 2024, with expectations for further growth in AI-related tokens.

EMC has been developing its technology for four years, specializing in integrating computing power networks with decentralized AI applications.

DePIN services are gaining traction due to their user-friendly nature, which could attract a broader audience and drive substantial revenue growth in the crypto industry.