PANews reported on September 17 that in order to accelerate the application of combining AI and Web3 and further develop the Pundi AIFX ecosystem, Pundi X Labs announced the AI ​​Startup PitchFest competition on Token 2049. The top three winners will receive $100,000 in resource support and participate in a six-month incubation program to accelerate their growth and market introduction. AI Startup Pitch Fest will focus on AI applications in decentralized finance (DeFi) and payments, and evaluate the innovation, market potential, scalability and technical feasibility of new startups. Finalists will have the opportunity to showcase their projects at the Singapore Fintech Festival in November 2024.