PANews reported on January 27 that the decentralized Edge AI infrastructure platform Network3 officially launched a $10 million mining fund, co-sponsored by the DePINX Super Node Alliance and invested in start-up funds. It aims to promote a more fair, efficient and low-cost AI development. It is reported that the fund will be used to support outstanding projects and teams within the ecosystem, including technology research and development, application implementation and community operations, and attract more institutions to participate in POS staking mining.
The fund will be mainly used in the following areas: 1. Technology research and development: used to foster projects deployed in the Network3 mining ecosystem, iterate technology around the three major directions of “energy saving”, “efficiency” and “security”, and work together to leverage the advantages of the decentralized Edge AI network and enhance usability; 2. Application implementation: used to provide one-stop services including industry research, product development, business development, and application commercialization to help implement products; 3. Community operations: used to attract outstanding marketing and operations talents, market development and operations activity planning, and promote large-scale community growth.
Network3 is committed to technological innovation and application promotion in the field of Edge AI. By introducing a high-performance computing network, Network3 provides users and developers with a more fair, transparent and efficient computing power trading platform, exploring a new paradigm in the AI computing resource market. Since its establishment, Network3 has more than 620,000 global nodes, covering 188 countries. By building a high-performance computing network and massive user Edge Data, the commercial monetization closed loop on the supply side and the demand side has been completed.
Previously, $N3 tokens were available for spot trading on exchanges such as Bybit, Gate.io and BingX at 16:00 Beijing time on January 22. Network3 completed a pre-seed and seed round of financing of US$5.5 million on July 23, 2024. Investors include well-known VCs such as Borderless, EV3 Labs, IoTeX, SNZ, Bing Ventures, Waterdrip Capital, and Web3port Foundation.
