iExec, a trust layer for decentralized physical infrastructure networks (DePIN) and artificial intelligence (AI), has launched a $1 million RLC Ecosystem Fund to help accelerate Web3 project development, as per the reports shared with Finbold on Wednesday, April 23.
The fund offers dilutive and non-dilutive capital to early-stage and scaling projects working on DePIN, AI, and related Web3 solutions.
iExec RLC Ecosystem Fund
As a trust layer for DePIN and AI applications, iExec will provide developers not just with financial support but also the tools and mentorship necessary to create advanced decentralized solutions.
According to Nathan Chiron, iExec’s Chief Revenue Officer (CRO), the fund is not only an investment but a catalyst for future changes in the industry:
“We invest in conviction, not consensus, and with the launch of the RLC Ecosystem Fund, we’re confident we can add real value by backing the builders defining the future of AI and DePIN, one that puts privacy first. More than just an investment, the fund is a catalyst for meaningful impact and real-world adoption.
With the initiative, iExec’s thus continues realizing its long-term vision of pushing blockchain innovation with the help of confidential computing and privacy-first technology.
The new fund also continues the trend set by iExec’s strategic RLC token buyback and illustrates the platform’s hands-on approach to community engagement.
Scalable and decentralized Web3 solutions
As mentioned, iExec’s new fund will cover projects in areas such as Real-World Assets (RWAs), Social Finance (SoFi), and privacy.
Developers will also gain access to iExec’s proprietary source development kits (SDKs) and dev tools, as well as mentoring and technical guidance to help them reach their goals.
In addition, iExec is creating a new support network, inviting experts, strategic partnerships, and the community itself to ensure the new decentralized apps (dApps) being developed are future-proof.
