Latest Network3 News

According to recent data from DePINscan, the AI Layer2 project Network3 has achieved a remarkable milestone, reaching a global node count of 360,000. These nodes are strategically distributed across 185 countries and regions, including key areas such as Europe, North America, and Southeast Asia. This expansion highlights the growing adoption and interest in the Network3 platform, which is designed to enhance the efficiency and scalability of blockchain applications. In addition to its impressive node growth, Network3 has experienced a surge in miner sales, indicating strong demand for its services. Starting from November 1, the project will undergo an expansion upgrade, which is expected to further accelerate the payback period for miners. This upgrade is anticipated to enhance the overall performance of the network, making it more attractive for current and potential users. Furthermore, Network3 has successfully secured $5.5 million in pre-seed and seed round financing, with plans for the next round already in motion. Several leading institutions have confirmed their participation, signaling confidence in the project's future. The official listing process for Network3 has also commenced, marking a significant step forward for the project. However, ChainCatcher advises readers to approach blockchain investments with caution, emphasizing the importance of risk awareness amid the various virtual token issuances and market speculations.

The IoTeX ecosystem is experiencing unprecedented growth, particularly in the DePIN (Decentralized Physical Infrastructure Network) sector. With the launch of IoTeX 2.0, the platform has introduced a sophisticated tech stack that has attracted 218 projects, including 51 dedicated to DePIN. This surge in activity is underscored by the impressive DePINscan, which now tracks over 280 projects and 18 million devices. The upcoming Get GOATed Season 2 campaign promises to further energize the ecosystem with 100 million $IOTX incentives, marking a pivotal moment for IoTeX and its vision to become the leading DePIN ecosystem in the crypto space. IoTeX is now recognized as the third-largest DePIN ecosystem, trailing only Ethereum and Solana. The platform's commitment to supporting its projects through initiatives like the DePIN Surf Accelerator and the IoTeX Ecosystem Fund has fostered significant advancements in the sector. Notable projects such as Network3, Nubila, and Wayru are making headlines with their innovative approaches and successful fundraising efforts. For instance, Network3 has raised $5.5 million and is set to launch its $N3 token soon, while Nubila has secured $2.5 million to enhance its environmental data collection capabilities. Looking ahead, IoTeX is not only focused on nurturing its internal projects but is also expanding its influence across other Layer 1 networks. Recent integrations with platforms like Solana and Polygon are designed to enhance cross-chain liquidity and broaden the reach of DePIN capabilities. As the ecosystem gears up for major product launches, including ioID and W3bstream, the excitement surrounding IoTeX continues to build. With a robust roadmap ahead, IoTeX is poised to solidify its position as a key player in the DePIN landscape, driving innovation and collaboration across the crypto universe.

Network3, an AI Layer2 platform for global artificial intelligence developers, recently unveiled its latest innovation at the R3al World Summit in Singapore. The new Local Large Language Model (LLM) feature is designed to enhance the efficiency and performance of Edge AI technology. Edge AI involves deploying AI models directly on local devices like smartphones, bringing data processing closer to the source to improve application performance and reduce latency. The global Edge AI market is projected to exceed $269 billion in the next eight years, highlighting the growing significance of this technology. Transforming Smart Devices into AI Training Assets With a focus on making Web3 & AI technologies accessible, Network3 integrates DePIN with AI to enable IoT devices to train small AI models. By leveraging idle resources on smart devices, individuals can participate in AI training and earn rewards. The introduction of the local LLM feature aims to optimize smart devices' processing capabilities during idle times, reducing reliance on cloud computing, cutting down bandwidth usage, and enhancing data security and privacy. Network3, with over 320,000 active nodes globally, recently launched the N3 Edge V1 mining device, offering dual mining capabilities for IoTeX and Network3 tokens. Offering AI Chat Services on Mobile Devices Network3's latest update allows users to access AI chat services on their mobile devices without the need for expensive cloud infrastructure. A test version of the update will be available for download on the official website soon, providing users with the opportunity to interact with the model, earn tokens, and personalize their AI experience.

The DePIN-EdgeAI protocol, Network3’s mining machine, N3 Edge V1, has gained significant traction with over 1,800 devices already on-chain. Following the rapid sellout of the initial batch of 3,000 devices on August 20, these devices are now operational in 185 countries. Network3's N3 Edge V1 marks a shift in the AI industry by promoting fairness and competitiveness, moving away from energy-intensive and specialized hardware typically associated with mining. This device encourages broader participation in crypto-mining by enabling everyday users to mine tokens using simple devices like smartphones or computers. Users of N3 Edge can earn rewards by sharing internet bandwidth, providing computational power, and contributing data from their devices. These contributions are converted into utility tokens, supporting network activities and on-chain operations. Network3's successful launch of N3 Edge signifies a significant step towards a more equitable digital economy and a technologically advanced decentralized future. **A Privacy And Performance Focused Dual Mining Machine** Network3's physical mining device, N3 Edge V1, stands out for its ability to mine IoTeX and Network3's native tokens simultaneously. This innovative machine allows users to enhance their N3E credit points and earn financial incentives, providing improved monetization opportunities. N3 Edge is a lightweight yet powerful mining device that seamlessly integrates with IoTeX's infrastructure, including W3bstream and ioID. Users can easily set up their N3 Edge devices by connecting to a power source and start mining two types of tokens. By combining DePIN and Edge AI in the mining machine, Network3 ensures that local data from edge devices is readily accessible. N3 Edge functions as a personalized cloud service, emphasizing privacy and decentralization. Users can host and manage their clouds at home with N3 Edge, reducing latency and enhancing control over data privacy. This device enables anyone to integrate Edge V1 into an existing network and compete directly with Tier 1 systems, offering a new dimension to personal cloud computing and AI training landscape. **Expanding Monetization Opportunities in Crypto x AI With N3 Edge V1** Priced at around $900, N3 Edge V1 boasts an estimated daily earning of $7.5, with a breakeven period of 120 days or 4 months. Network3's N3 Edge emerges as one of the most profitable DePIN devices in terms of Return on Investment (ROI), ranking first in daily earnings and third in total return speed on DePINscan. Beyond its financial performance, N3 Edge has become one of the pioneering DePIN protocols to fully integrate into DePINscan's expanded on-chain metrics. Users of N3 Edge can diversify their revenue streams and create new income sources by leveraging their home IoT devices, paving the way for novel approaches in decentralized data processing for the AI industry.

Network3's N3 Edge V1 mining devices, powered by the DePIN-Edge AI protocol, sold out in seconds after launch. The dual mining machine allows users to mine Network3's native token and IoTeX tokens, offering enhanced capabilities and easy setup. By democratizing the crypto-mining landscape, Network3 aims to incentivize general users to participate in mining and contribute to data privacy and security. The protocol combines DePIN and Edge AI to provide a decentralized mechanism for training AI models, challenging centralized data processing. Network3's successful launch of the N3 Edge V1 marks a significant step towards a more equitable and decentralized future in the AI industry.

Network3, the DePIN-Edge AI protocol, has successfully sold out its first batch of physical mining devices, N3 Edge V1, within an hour after launch. The sale went live on August 20 at 10 am PST and was met with an extremely high demand from users. N3 Edge V1 is a dual mining machine that can mine Network3’s native token and IoTeX tokens. The physical mining machine enables users to boost their Network3 rewards by mining two types of tokens. These devices integrate IoTeX’s infrastructure like the decentralized W3bstream and ioID to provide device identity and DePIN verification, leveraging IoTeX’s advanced ZK and off chain computing technology with its modularity tech stack. The N3 Edge is more powerful than other personal devices that people use for mining tokens. Additionally, it is lightweight and has high processing power, helping users to efficiently and seamlessly mint two tokens. Most importantly, N3 Edge is very easy to set up. Users have to connect to a power source, connect the device to the internet, login, and start mining. Network3 aims to democratize the AI industry by decentralized model training and data processing in exchange for tokenized rewards. The successful launch of Network3’s dual mining machine, N3 Edge, is a step forward towards realizing a more equitable and decentralized future.

June 12, IoTeX ecosystem AI Layer2 project Network3 recently announced the launch of iOS applications, which have been launched on multiple platforms such as Windows, macOS, Android and Linux. Users can run Network3 nodes according to their device adaptation and get $N3 rewards. Network3 aims to help global AI developers efficiently, conveniently and economically perform large-scale reasoning, training or verification models. It currently has more than 200,000 nodes worldwide, covering 181 countries or regions. IoTeX is a modular AI+DePIN infrastructure platform. Through the unique ioID of physical devices, the physical world data verification platform W3bstream, the visual AI+DePIN data center DePINscan, etc., it can help AI and DePIN projects access Web3 efficiently and at low cost, so as to achieve the possibility of large-scale application. The IoTeX ecosystem has developed rapidly this year. AI and DePIN projects in multiple scenarios, including AI, distributed computing power, energy systems, smart wearables, etc., have been or will be developed and deployed based on IoTeX's modular support.

IoTeX, a leading modular DePIN blockchain platform, is set to host a Demo Day for the first cohort of its DePIN Surf accelerator program on April 30, 2024. Launched in January 2024 with support from FutureMoneyGroup and ForesightX, the DePIN Surf accelerator is dedicated to supporting DePIN founders. DePIN, a technological paradigm, covers any web-3 application with a physical element, including edge-AI and virtual power plants. The first cohort, which was officially launched at the R3al World event at ETHDenver, features seven startups preparing for their Token Generation Event (TGE) and global launch. During the two-month program, founders receive a $50k investment and comprehensive support from the IoTeX core team and a group of elite mentors. The program includes workshops on raising series-A funding, DePIN tokenomics, and community management fundamentals, as well as presentations at global web-3 events. DePIN has been gaining traction in web-3 circles as a key to connecting the crypto industry with the global population of non-crypto natives who rely on reliable physical infrastructure. The number of DePIN projects has grown exponentially from less than a hundred in late 2022 to over a thousand at the time of writing. However, DePIN projects face challenges such as designing and executing hardware manufacturing and distribution, which can take several years, in addition to building the tech stack that includes firmware, middleware, and software. DePIN Surf provides these projects with the support they need. The projects presenting at the Demo Day include: - Inferix: A decentralized GPU computing platform for visual computing and AI inference, with a major market share in Southeast Asia, India, and other developing markets. - Wayru: The world's first DePIN to partner with the UN to tackle the global connectivity crisis, using blockchain and the $WAYRU token to incentivize hotspot deployment and management. - PowerPod: A decentralized EV charging network providing reliable and accessible charging solutions for electric vehicles worldwide. - Network3: A dedicated AI layer-2 providing services to AI developers, helping them train and validate models quickly and efficiently. - StarPower: An AI and Web3-powered global energy network connecting devices in energy generation, storage, and consumption scenarios. - ATOR: A privacy protocol creating a safer, private layer for the internet through its DePIN routing network and signature hardware and software SDK. - DePHY: A decentralized off-chain data messaging network designed to empower DePIN projects to deploy faster and cheaper. IoTeX is a modular Web3 infrastructure platform connecting smart devices and real-world data to blockchains, enabling developers to integrate Web3 into everyday life through various innovations. With the launch of W3bstream, IoTeX has become a leading Decentralized Physical Infrastructure Network (DePIN) technology provider, connecting billions of smart devices, machines, and sensors across the physical and digital world.