On November 26, Binance founder Zhao Changpeng stated, 'I don't oppose Memes, but Meme coins have become a bit strange now. Let's build real applications using blockchain.' Indeed, the market's attention has been on Memes for too long, neglecting many highly promising practical blockchain projects, leading to their severe undervaluation. Network3 is such a high-potential Edge AI Infra project that is expected to shape a new myth of a hundredfold coin in the practical AI field.
1. Project Overview: The Pioneer of DePIN and Edge AI
As a new generation of decentralized edge AI infrastructure, Network3 combines blockchain token economy, decentralized physical infrastructure network (DePIN), federated learning, and edge AI, aiming to break the monopoly of large tech companies on AI development and narrative, providing services to 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. At the same time, 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—node numbers increased by over 100K compared to last week, with a growth rate of 25%. According to DePINscan data, the number of Network3 nodes has surpassed 507,261, distributed across 188 countries and regions, surpassing the well-known DePIN project Helium, ranking fifth globally. This large-scale network provides strong support for AI application scenarios while promoting the democratization of computing power and data.
2. Market Outlook: New Opportunities in a Trillion-Dollar Blue Ocean
The combination of DePIN and Edge AI is at the forefront of a technological revolution, with its potential far from fully tapped. Network3, with its technological layout, node scale, and token incentive model, occupies a commanding position in this transformation.
2.1 DePIN: The physical world entry point of Web3
The decentralized physical infrastructure network (DePIN) is an important technology that connects blockchain with the real world. It incentivizes users to contribute real-world resources (such as hardware, data, computing power, etc.) to form a large-scale distributed network that supports both on-chain and off-chain applications.
According to a report published by Messari (State of DePIN 2023), the DePIN market has enormous potential:
2024: Approximately $2.2 trillion
2028: Expected to reach $3.5 trillion
Annual compound 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 its early development stage, and its market potential has not yet been released. With more enterprises and developers participating, DePIN is expected to usher in a period of rapid growth.
2.2 Edge AI: The key technology driving AI from centralized to decentralized
Edge AI refers to the technology that executes AI model inference and computation locally on the device side (such as mobile phones, sensors, or mining machines), compensating for the privacy, security, and real-time shortcomings of traditional cloud AI.
According to data from Fortune Business Insight:
2024: The global edge AI market size is $27.01 billion
2032: Expected to grow to $269.82 billion
Annual compound 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 such as Nvidia, Google, Microsoft, Intel, and Huawei have invested heavily to compete for market share.
In summary, the combination of DePIN and Edge AI tracks not only improves data privacy and computational efficiency but also opens up broad prospects for long-term growth. Facing the huge market blue ocean and strong growth expectations, Network3's investment potential cannot be ignored.
DePIN Sector Map includes Network3, data source: Messari
3. Token Economy: Clear investment returns
3.1 Economic Model
According to official economic white paper data, the total supply of Network3's 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 ratio of community incentive design ensures the long-term vitality of the ecosystem. Additionally, users will be able to obtain veN3 tokens through staking in the future to share in 75% of the network's transaction fee revenue, further increasing profit avenues.
3.2 Hardware Performance
According to DePINScan data, the current Edge V1 mining machine is expected to yield about $9.2 per day, with a payback period of about 100 days. The current Edge V1 mining machine has achieved dual mining support for the IoTeX network token IOTX, allowing users to receive rewards in both N3E and IOTX tokens simultaneously. Additionally, the team is planning to integrate more public chains to maximize returns.
3.3 Token Distribution
Mining and AI model training: 75%
Team reserve: 12%
Financing rounds: 6%
Liquidity and airdrop: 5%
Ecological development rewards: 2%
4. Financing and Strategic Planning: Favor of Leading Institutions
Network3 has secured $5.5 million in funding, with investors including Borderless, EV3 Labs, IoTeX Eco Fund, Mask Network, Bing Venture, Waterdrip Capital, SNZ, and Candaq, among top institutions. The funds will be used for technological research and development, global expansion, and ecological construction.
According to official news, a new round of tens of millions of dollars in funding has begun, with multiple leading institutions confirming their participation.
5. Competitive Analysis: Unique Advantage 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 aligns better with future AI application needs, especially against the backdrop of increasing attention to privacy and compliance. Therefore, when evaluating decentralized infrastructure projects, the long-term innovative potential offered by Network3 could yield higher returns for investors.
6. Milestones
Edge V1 Mining Machine Hot Sale
On August 10, 2024, Network3 launched the N3 Edge V1 mining machine, which sold out in just seconds after going online. Currently, over 5,000 devices are simultaneously online for mining. Additionally, the N3 Edge V1 mining machine can not only be used for mining in the Network3 network but also integrates IoTeX's on-chain identity module ioID and data verification module, achieving dual mining with the IoTex network token IOTX.
Network3 Local LLM is about to launch
According to official community news, the large language model Network3 Local LLM, designed based on the Network3 network, has completed internal testing and will soon be launched to provide services to users. According to official information, Network3 Local LLM features free usage, no geographic restrictions, independent algorithm design, earning while using (Prompt to earn), and on-device inference.
Network3 TGE and the first round of airdrops are about to launch
According to official news, Network3's TGE (Token Generation Event) and airdrop plan are about to launch, marking an important milestone in the platform's development and also opening a new growth phase for Network3. Details about the TGE timetable, airdrop rules, eligibility requirements, token distribution, and other specific information are expected to be announced soon. Investors can follow Network3's official channels and social media platforms for the latest updates.
Summary
Network3, with its unique technical advantages, clear market positioning, and community-driven business model, offers potential opportunities for long-term investors. However, hardware deployment costs and competitive landscapes are potential challenges. Looking ahead, as TGE progresses and market demand expands, Network3 has the potential to attract more users and developers, becoming an important driving force in the DePIN and decentralized AI fields. This is a high-potential track worth paying attention to for investors!
