Web3 AI company Network3 raised $5.5 million, with Borderless Capital, EV3 and others participating

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On July 23, Web3 artificial intelligence company Network3 completed a total of $5.5 million in pre-seed and seed rounds of financing. Borderless Capital, EV3, IoTeX Eco fund, SNZ, Waterdrip Capital and Bing Ventures participated in the investment. The company plans to use its financing to expand its team and continue to develop its technology stack.

It is reported that Network3 is building a decentralized edge AI infrastructure, which currently has 250,000 online nodes in 184 countries and regions around the world. Users can provide reasoning, fine-tuning and training services for edge AI models by sharing bandwidth, computing power, data sets, etc., and thus obtain token points incentives. At the same time, Network3 plans to release physical mining machines in the next few months.

Click the official website link to learn more: https://network3.ai/

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