PANews August 27 news, according to official sources, the Web3 smart hardware project MAGNE.AI announced the completion of a $10 million strategic financing, with investments from Castrum Capital, DuckDAO, TB Ventures, and Becker Ventures. The funds will accelerate the dual-chain R&D of its mobile-native Web3 infrastructure L1+L2, as well as speed up 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, dedicated to creating AI-native Web3 smartphones and next-generation mobile infrastructure for a decentralized internet.