iExec launches $1M RLC fund to back developers in AI, DePIN, RWA and more

Companies run to capture the intersections between web3, ai, aid, rwas, and more, which is why Iexec invests in developers.

In a crowded race to integrate blockchain into the real world industries, Iexec adopts a direct approach by launching a fund dedicated to developers, Crypto.News can make a report exclusively. On Wednesday, the DEFI IEXEC platform announced a million RLC ecosystem funds, equivalent to around 1.22 million dollars.

The fund will help developers working in key industry sectors and will mainly support projects in key areas such as decentralized physical infrastructureArtificial intelligence and decentralized finance. In addition, projects focused on the tokenization of real assets, social finances and technologies preserving confidentiality are also eligible to request funding.

IEXEC to support projects that focus on confidentiality

The emphasis will be placed on projects that build new solutions in Depin and AI, emphasizing the protection of privacy. In addition to financial support, selected projects will have access to mentoring, the IEXEC strategic partnership network and a series of resources, including development tools and its software development kit, to rationalize the process of living their applications.

“We are investing in conviction, not consensus, and with the launch of the RLC Ecosystem Fund, we are convinced that we can add real value by supporting the manufacturers defining the future of AI and Depoline, which puts confidentiality first.

The fund will be distributed by a mixture of dilutive and non -dilutive investments, allowing projects to negotiate if the investment will affect their equity structure by increasing the number of shares in circulation.

Decentralized physical infrastructure is focused on building and expanding the physical layer of infrastructure between sectors such as telecommunications, transport and cloud computing. It takes advantage of blockchain mechanisms to allow users to operate, maintain and collectively benefit from these networks.