Web3 smart hardware project MAGNE.AI completes US$10 million strategic financing

PANews reported on August 27 that according to official news, Web3 smart hardware project MAGNE.AI announced that it has completed a US$10 million strategic financing, with Castrum Capital, DuckDAO, TB Ventures and Becker Ventures participating in the investment. The funds will accelerate the development of L1+L2 double-chain R&D of its mobile native Web3 infrastructure, as well as accelerate the mass production and optimization of its AI+ blockchain security chips. According to reports, MAGNE.AI is a technology company led by the United States, committed to building AI-native Web3 smartphones and next-generation mobile infrastructure for the decentralized Internet.