Network3

Network3 establishes a $10 million mining fund to support ecological growth

ChainCatcher news, the decentralized Edge AI infrastructure platform Network3 officially announced the establishment of a $10 million mining fund, co-hosted by the DePINX Super Node Alliance with initial funding. The aim is to promote a fairer, more efficient, and lower-cost AI development. It is reported that the fund will be used to support outstanding projects and teams within the ecosystem, including areas such as technology research and development, application implementation, and community operations, attracting more institutions to participate in POS staking mining.The fund will mainly be used for the following aspects:Technology Research and Development: To cultivate projects deployed in the Network3 mining ecosystem, focusing on three major directions: "energy-saving," "efficient," and "secure" for technological iteration, collectively leveraging the advantages of the decentralized Edge AI network to enhance usability;Application Implementation: To provide one-stop services covering industry research, product development, business expansion, and application commercialization, assisting in product implementation;Community Operations: To attract outstanding market and operational talents, plan market expansion and operational activities, and promote community-scale growth.As a leader in continuous construction within the industry, Network3 is committed to technological innovation and application promotion in the Edge AI field. By introducing a high-performance computing power network, Network3 provides users and developers with a fairer, more transparent, and efficient computing power trading platform, exploring a new paradigm for the AI computing resource market.Since its establishment, Network3 has achieved significant results in the DePIN and AI tracks, with over 620,000 global nodes covering 188 countries. By building a high-performance computing power network and massive user Edge Data, it has completed the commercial monetization loop for both supply and demand sides.Previously, the $N3 token was launched for spot trading on exchanges such as Bybit, Gate.io, and BingX at 16:00 Beijing time on January 22.Network3 completed a $5.5 million pre-seed & seed round financing on July 23, 2024. Investors include well-known VCs such as Borderless, EV3 Labs, IoTeX, SNZ, Bing Ventures, Waterdrip Capital, and Web3port Foundation.

Network3 is about to launch TGE and token airdrop

ChainCatcher news, according to reliable sources, the decentralized edge artificial intelligence infrastructure platform Network3 will launch its Token Generation Event (TGE), accompanied by the first round of token airdrops. This marks an important milestone in the platform's development and opens a new growth phase for Network3.Details regarding the TGE schedule, airdrop rules, eligibility requirements, token distribution, and other specifics are expected to be announced soon. Investors can follow Network3's official channels and social media platforms for the latest updates.Based on feedback from its community members, this TGE will provide new opportunities for the global Network3 community, further promoting the expansion of the decentralized artificial intelligence network. The airdrop event will reward early participants and supporters, distributing tokens to encourage more users to join the ecosystem, contribute computing power and bandwidth, become network nodes, and collectively promote the platform's development.Through this TGE and airdrop, Network3 aims to attract more users, developers, and partners, accelerating the popularization and application of edge computing and decentralized artificial intelligence technology.Network3 is at the forefront of decentralized edge artificial intelligence infrastructure, committed to breaking the monopoly of large tech companies on AI development and its narratives, aiming to democratize the AI industry globally. By creating a decentralized federated learning framework, Network3 enables users to collaboratively participate in AI model training without sharing raw data.Currently, Network3 has raised $5.5 million in funding from top investment institutions, including Borderless, EV3 Labs, IoTeX, Mask Network, Bing Venture, Waterdrip Capital, SNZ, and Candaq. The platform is continuously expanding its network infrastructure and forming significant business partnerships to accelerate its development.
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