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

According to official news, the Web3 smart hardware project MAGNE.AI recently successfully completed a $10 million strategic funding round. This round of investment included participation from multiple institutions, including Castrum Capital, DuckDAO, TB Ventures, and Becker Ventures.

The funds will be primarily used to accelerate the development of the L1 and L2 dual-chain architecture within its mobile-native Web3 infrastructure, and to promote the mass production and technical optimization of its security chips that deeply integrate AI and blockchain.

MAGNE.AI is an innovative technology company based in the United States, focused on building AI-native Web3 smartphones and next-generation mobile infrastructure for the decentralized internet era. By integrating AI with underlying blockchain hardware, the company aims to create more secure, efficient, and decentralized mobile devices and network environments, thereby promoting the widespread adoption and application of Web3 technologies.

This financing not only injects strong momentum into its product development and technological iteration, but also further consolidates its leading position in the Web3 hardware market.