PANews reported on August 29 that according to The Block, the multi-chain infrastructure project Edge Matrix Chain (EMC) has completed a $20 million financing led by Polygon Ventures and Amber Group. Other investors include One Comma, Kapley Judge, Associated Corporations, Cyberrock Venture Fund, etc. EMC plans to use the new financing to launch its Layer 1 blockchain focused on artificial intelligence applications, which is designed to support GPU computing for encrypted AI projects and introduce decentralized financial assets supported by actual GPU resources. In addition, EMC launched a two-month public testnet incentive program on August 17, planning to distribute $5 million in rewards through a two-stage incentive plan.
