On November 26, CZ, the founder of Binance,posted that "I don't oppose MEME, but MEME coins have become 'a bit' strange now. Let's use blockchain to build real applications." Indeed, the market's attention has been focused on MEME for too long, causing many highly potential practical blockchain projects to be severely underestimated. And Network3 is such a high-potential Edge AI Infra project that is expected to create a new 100x coin legend in the field of practical AI.
Project Overview: The Pioneer of DePIN and Edge AI
As a new generation of decentralized edge artificial intelligence infrastructure, Network3 combines blockchain token economics, decentralized physical infrastructure network (DePIN), federated learning, and edge AI, aiming to break the monopoly of large technology companies on the development and narrative of artificial intelligence, and provide services for global AI developers.
Through a decentralized federated learning framework, Network3 achieves collaborative model training without sharing users' raw data, providing users with dual protection of privacy and data security. Meanwhile, the token incentive mechanism in the distributed node network lowers the participation threshold and ensures the stable operation of the network.
Recently, Network3 has shown amazing growth potential - the number of nodes has increased by more than 100K over the past week, with a growth rate of 25%. According to DePINscan data, the number of Network3 nodes has exceeded 507,261, distributed in 188 countries and regions around the world, surpassing the well-known DePIN project Helium and ranking fifth globally. This large-scale network provides strong support for AI application scenarios, while promoting the democratization of computing power and data.
Market Prospects: New Opportunities in the Trillion-Dollar Blue Ocean
The combination of DePIN and Edge AI is at the forefront of the technological revolution, and its potential has not yet been fully tapped. Relying on its technical layout, node scale, and token incentive model, Network3 is occupying the high ground of this transformation.
DePIN: The Physical World Gateway to Web3
Decentralized Physical Infrastructure Network (DePIN) is an important technology that connects blockchain with the real world. By incentivizing users to contribute real-world resources (such as hardware, data, computing power, etc.), it forms a large-scale distributed network to support on-chain and off-chain applications.
According to the "State of DePIN 2023" report released by Messari:
· 2024: Approximately $2.2 trillion
· 2028: Expected to reach $3.5 trillion
· Compound Annual Growth Rate (CAGR): 12.31%
Currently, the total market value of the DePIN track in the crypto market is only $1.33 billion, less than 1% of the entire market. This significant undervaluation indicates that the DePIN field is still in the early stage of development, and its market potential has not yet been fully released. With more enterprises and developers participating, DePIN is expected to enter a period of rapid growth.
Edge AI: The Key Technology Driving the Transition from Centralized to Decentralized AI
Edge AI refers to the technology of executing AI model inference and computation locally on devices (such as phones, sensors, or mining machines), which addresses the privacy, security, and real-time deficiencies of traditional cloud-based AI.
According to data from Fortune Business Insight:
· 2024: The global Edge AI market size will be $27.01 billion
· 2032: Expected to grow to $269.82 billion
· Compound Annual Growth Rate (CAGR): 33.3%
Compared to centralized AI, Edge AI performs better in data privacy, bandwidth efficiency, and latency optimization, gradually becoming a strategic focus for tech giants. Companies like Nvidia, Google, Microsoft, Intel, and Huawei have invested heavily to compete for market share.
In summary, the combination of DePIN and Edge AI not only improves data privacy and computing efficiency, but also opens up a broad prospect for long-term growth. Facing the huge market blue ocean and strong growth expectations, the investment potential of Network3 cannot be ignored.
DePIN Sector Map includes Network3, data source: Messari
Token Economics: A Clear Investment ReturnEconomic Model
According to the officialeconomic whitepaper, the total supply of Network3 token N3 is 1 billion, of which 75% will be distributed to nodes and users through mining (40%) and AI model training (35%). This high-proportion community incentive design ensures the long-term vitality of the ecosystem. Furthermore, users can obtain veN3 tokens in the future by staking, to share 75% of the network's fee revenue, further increasing their earning potential.
Hardware Performance
According to DePINScan data, the current estimated daily revenue of the Edge V1 miner is about $9.2, with a payback period of about 100 days. The Edge V1 miner has already achieved dual mining support for the IoTeX network token IOTX, allowing users to simultaneously receive N3E and IOTX token rewards. Moreover, the team is planning to integrate more public chains to maximize earnings.
Token Allocation
Financing and Strategic Planning: Favored by Leading Institutions
Network3 has raised $5.5 million in funding, with investors including Borderless, EV3 Labs, IoTeX Eco Fund, Mask Network, Bing Venture, Waterdrip Capital, SNZ, and Candaq, top-tier institutions, to be used for technology R&D, global expansion, and ecosystem building.
According to official information, a new round of multi-million dollar financing has already begun, with multiple leading institutions confirmed to participate.
Competitor Analysis: Unique Advantages in Technical Architecture
Network3 's focus on decentralized edge AI and federated learning gives it unique advantages in technology, market positioning, and long-term development. Compared to Aethir and Grass, Network3's strategy of combining privacy protection, decentralized AI training, and edge computing better meets the future needs of AI applications, especially in the context of increasing attention to privacy and compliance. Therefore, when evaluating decentralized infrastructure projects, investors may find that the long-term innovative potential offered by Network3 could bring higher returns.
Milestone Events
· Hot sale of Edge V1 miners
On August 10, 2024, the N3 Edge V1 miner launched by Network3 sold out in just a few seconds, and currently there are more than 5,000 devices mining simultaneously. In addition, the N3 Edge V1 miner not only can be used for Network3 network mining, but also integrates the on-chain identity module ioID and data verification module of IoTeX, realizing dual mining with the IoTex network token IOTX.
· Network3 Local LLM to be launched soon
According to official community news, the large language model Network3 Local LLM based on the Network3 network design has completed internal testing and will soon be launched to provide services to users. According to official information disclosure, Network3 Local LLM has features such as free use, no geographical restrictions, independent algorithm design, earn while using (Prompt to earn), and on-device inference. · Network3 TGE and the first round of airdrops will soon be launched According to official news, Network3's TGE (token generation event) and airdrop plan will soon be launched, marking an important milestone in the development of the platform and opening a new growth stage for Network3. The timetable for the TGE, airdrop rules, eligibility requirements, token allocation, and other specific information are expected to be announced soon. Investors can follow Network3's official channels and social media platforms to stay up to date on the latest developments. Summary With its unique technical advantages, clear market positioning, and community-driven business model, Network3 offers potential opportunities for long-term investors. Hardware deployment costs and competition in the track are potential challenges, but looking ahead, with the progress of the TGE and the expansion of market demand, Network3 has the potential to attract more users and developers, becoming an important driving force in the field of DePIN and decentralized AI. For investors, this is a high-potential track worth paying attention to.
