According to PANews, Pundi X Labs has announced the commencement of the AI Startup PitchFest competition at Token 2049. This initiative aims to accelerate the integration of AI and Web3 applications and further develop the Pundi AIFX ecosystem. The top three winners will receive $100,000 in resource support and participate in a six-month incubation program to expedite their growth and market entry.

The AI Startup PitchFest will focus on AI applications in decentralized finance (DeFi) and payments. It will evaluate startups based on their innovation, market potential, scalability, and technical feasibility. Finalists will have the opportunity to showcase their projects at the Singapore Fintech Festival in November 2024.