Network3
Network3 is a revolutionary AI Layer2 technology, enabling developers to quickly and efficiently inference, train, and validate models at scale through optimization, federated learning, edge, and confidential computing.
| Date | Investors | Amount | Round |
|---|---|---|---|
* | $5.5m | Seed | |
| Total Funding | 000k | ||
Related Content
Based in San Francisco and founded in 2022 by Rock Zhang, Network3 is positioned as a provider of decentralized AI infrastructure solutions. The company is developing a dedicated AI Layer2 network designed to help AI developers globally train, validate, and run inference on their models. This is achieved through a combination of AI model algorithm optimization, federated learning, edge computing, and confidential computing.
Network3's core mission is to address the significant computational demands and high costs associated with AI development, which are often dominated by a few large tech companies. By creating a decentralized network, the firm distributes computational workloads across numerous devices worldwide, which aims to reduce latency and enhance user privacy. This model creates a 'sharing economy' where individuals and organizations can contribute their idle computational resources, such as CPU/GPU power, bandwidth, and data, to the network. In return for their contributions, participants are rewarded with the platform's native utility token, N3, creating a new potential revenue stream. This approach seeks to democratize access to computing power and data, lowering the entry barriers for smaller startups and individual developers in the AI space.
The company's technology stack includes a certificateless signcryption (CLSC) algorithm for secure and anonymous authentication, a data correctness verification mechanism, and IP anti-tracking measures. A key product is the N3 Edge V1 mining machine, which allows users to participate in the network. As of late 2024, Network3 reported having over 542,000 nodes operating in 188 countries. In July 2024, the company announced it had raised $5.5 million in a seed funding round with participation from investors including Borderless Capital, EV3, IoTeX Eco Fund, SNZ, Waterdrip Capital, and Bing Ventures. This capital is intended to support team growth and the continued development of its technology.
Keywords: decentralized AI infrastructure, AI Layer2, federated learning, edge computing, DePIN, Web3, model training, model validation, confidential computing, blockchain AI, distributed computing, peer-to-peer network, N3 token, Rock Zhang, computational resources, data privacy, node network, crypto mining, AI developers, sharing economy