IoTeX secures strategic investment from Animoca Brands to accelerate Real World AI revolution

IoTeX, the leading blockchain platform transforming real-world data into collective intelligence for AI, announced today that it has secured an investment from Animoca Brands. In addition, Animoca Brands has entered into an agreement to join IoTeX as a network validator and ecosystem partner.

Since 2017, IoTeX has been the backbone infrastructure powering AI and blockchains with real-world data from machines and decentralized physical networks (DePINs). It powers over 100 projects and 40 million devices across mobility, robotics, energy, healthcare, and more. The company has raised over US$70 million from leading investors including SamsungNext, Dragon, Jump Crypto, HashKey Capital, and more. Its network enables AI to access verifiable real-time data and interact autonomously with the real world. Backed by its high-performance Layer 1 blockchain, ioID decentralized identity, $IOTX token, and Quicksilver AI data framework, IoTeX provides the core infrastructure for developers to build the next generation of AI models and applications with real world impact. Animoca Brands' investment and strategic involvement strengthens IoTeX's leadership in AI, accelerating the adoption of Web3-powered AI applications and positioning IoTeX to capture the multi-trillion-dollar market for AI and real-world data.

Through the investment and agreement announced today, Animoca Brands will support IoTeX's expansion efforts in Asia and worldwide, leveraging its network, industry expertise, and investment portfolios to foster innovation at the intersection of blockchain, decentralized infrastructure, tokenized physical assets, and AI.

By joining IoTeX as a network validator and participating in IoTeX's consensus mechanism, Animoca Brands will contribute to the security, decentralization, and long-term sustainability of IoTeX's network, ensuring a resilient foundation for the next wave of Web3 and AI applications.

Animoca Brands is a global Web3 leader with the mission to deliver digital property rights to consumers, helping to establish the open metaverse and its associated network effects. The company realizes its mission via three integrated business pillars: operating Web3 businesses to advance blockchain adoption; providing digital asset advisory services; and investment management, with a portfolio of investments in over 540 companies.

"IoTeX is at the forefront of the surging demand for real-time, real-world AI data, addressing a potential trillion-dollar market opportunity," said Yat Siu, co-founder and executive chairman of Animoca Brands. "We see tremendous potential in IoTeX's vision and technology, and we are excited to contribute not only as investors but also as an active participant in the network's validation and growth. This collaboration is a crucial step towards unlocking the full potential of decentralized infrastructure."

"While most AI today operates in isolation from the physical world, IoTeX's infrastructure enables intelligent systems to perceive, reason, and act in real-time physical environments," said Raullen Chai, co-founder and CEO of IoTeX. "We are thrilled to welcome Animoca Brands as a key partner in this revolutionI.Their strategic investment and active participation as a validator reinforce our vision of a world where blockchain and AI empower people and robotics with real-time intelligence. Their support and expertise will accelerate the adoption of real world AI applications and drive the next phase of Web3 and AI Innovation."

Media Contact:

IoTeX: Ralph Sun, PR Director, ralph@iotex.io

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About IoTeX

Founded in 2017, IoTeX is the foundational blockchain infrastructure powering AI with real-time physical data. It powers over 100 projects and 40 million devices across mobility, robotics, energy, healthcare, and more. Its network enables AI to access verifiable real-time machine data and interact autonomously with the physical world. The IoTeX infrastructure stack-including its high-performance Layer 1 blockchain, ioID decentralized identity, $IOTX token, and Quicksilver AI data framework-empowers developers to build next-generation AI models and applications. As the leading platform for AI and decentralized networks, IoTeX is positioned to unlock the multi-trillion-dollar market for AI and physical data. Learn more at iotex.io.

This release was published on openPR.