According to TechFlow, The Block reported that Web3 artificial intelligence company Network3 has completed a $5 million seed round of financing, with investors including EV3, IoTeX Eco fund, SNZ, Waterdrip Capital and Bing Ventures. The company plans to use the funds to expand the team and continue to develop decentralized AI infrastructure. There are currently 240,000 active nodes worldwide, and physical mining machines are expected to be launched in the coming months.