On November 26, Binance founder Zhao Changpeng wrote, "I am not against Meme, but Meme coin is now a little strange. Let's use blockchain to build real applications." Indeed, the market has focused on Meme for too long, ignoring many very promising practical blockchain projects, causing them to be seriously underestimated. Network3 is such a high-potential Edge AI Infra project that is expected to create a new 100-fold coin myth in the field of practical AI.
Project Overview: DePIN and Edge AI Pioneer
As a new generation of decentralized edge AI infrastructure, Network3 combines blockchain token economy, decentralized physical infrastructure network (DePIN), federated learning and edge AI (EdgeAI), aiming to break the monopoly of large technology companies on AI development and narrative and provide services to AI developers around the world.
Through a decentralized federated learning framework, Network3 achieves collaborative model training without sharing users' original 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 - the number of nodes has increased by more than 100K compared to last 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 in the world. This large-scale network provides strong support for AI application scenarios and promotes 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 a technological revolution, and its potential is far from being fully tapped. Network3 is occupying the commanding heights of this change with its technology layout, node scale, and token incentive model.
DePIN: Web3’s physical world portal
Decentralized Physical Infrastructure Network (DePIN) is an important technology that connects blockchain with the real world. It encourages users to contribute real-world resources (such as hardware, data, computing power, etc.) to form a large-scale distributed network to provide support for on-chain and off-chain applications.
According to the report (State of DePIN 2023) released by Messari, the DePIN market has great potential:
2024: about $2.2 trillion
2028: Expected to reach $3.5 trillion
Compound annual growth rate (CAGR): 12.31%
The current total market capitalization of the DePIN circuit in the crypto market is only $1.33 billion, which is less than 1% of the entire market. This significant undervaluation shows that the DePIN field is still in its early stages of development and its market potential is far from being unleashed. With the participation of more enterprises and developers, DePIN is expected to usher in a period of rapid growth.
Edge AI: A key technology that drives AI from centralization to decentralization
Edge AI refers to the technology of performing AI model reasoning and calculation locally on the device side (such as mobile phones, sensors or mining machines). It makes up for the privacy, security and real-time shortcomings of traditional cloud AI.
According to Fortune Business Insight:
2024: Global edge AI market size is $27.01 billion
2032: Expected to grow to $269.82 billion
Compound annual growth rate (CAGR): 33.3%
Compared with centralized AI, Edge AI performs better in data privacy, bandwidth efficiency, and latency optimization, and has gradually become a strategic focus for technology giants. Nvidia, Google, Microsoft, Intel, Huawei and other companies have invested heavily in competing for market share.
In summary, the combination of DePIN and Edge AI not only improves data privacy and computing efficiency, but also opens up broad prospects for long-term growth. Faced with a 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: Clear ROI Economic Model
According to the official economic white paper, the total amount of Network3 tokens 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 of community incentive design ensures the long-term vitality of the ecosystem. In addition, users can obtain veN3 tokens through staking in the future to distribute 75% of the network fee income, further increasing the profit path.
Hardware performance
According to DePINScan data, the current daily revenue of the Edge V1 miner is expected to be about $9.2, and the payback period is about 100 days. The Edge V1 miner currently supports dual mining of the IoTeX network generation IOTX, and users can receive both N3E and IOTX token rewards. In addition, the team is planning to integrate more public chains to maximize revenue.
Token Allocation
Financing and strategic planning: favored by leading institutions
Network3 has received US$5.5 million in financing from top investors including Borderless, EV3 Labs, IoTeX Eco Fund, Mask Network, Bing Venture, Waterdrip Capital, SNZ and Candaq. The funds will be used for technology research and development, global expansion and ecosystem construction.
According to official news, a new round of tens of millions of dollars in financing has been launched, and many leading institutions have confirmed their participation.
Competitive product analysis: unique 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 with Aethir and Grass, Network3's strategy of combining privacy protection, decentralized AI training, and edge computing is more in line with the needs of future AI applications, especially in the context of increasing attention to privacy and compliance. Therefore, when investors evaluate decentralized infrastructure projects, the long-term innovation potential provided by Network3 may bring higher returns.
Milestones
Edge V1 mining machine is hot selling
On August 10, 2024, the N3 Edge V1 miner launched by Network3 was sold out within seconds of its launch, and more than 5,000 devices are currently mining online at the same time. In addition, the N3 Edge V1 miner can not only be used for Network3 network mining, but also integrates IoTeX's on-chain identity module ioID and data verification module, realizing dual mining with IoTex network token IOTX.
Network3 Local LLM is coming soon
According to the official community, the large language model Network3 Local LLM based on Network3 network design has completed product internal testing and will be launched soon to provide services to users. According to official information disclosure, Network3 Local LLM has the characteristics of free use, no geographical restrictions, independent algorithm design, prompt to earn, and on-device inference.
Network3 TGE and the first round of airdrops are about to start
According to official news, Network3's TGE (Token Generation Event) and airdrop plan are about to start, which marks an important milestone in the development of the platform and also opens a new growth phase for Network3. The TGE schedule, 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 for the latest developments.
Summarize
With its unique technological advantages, clear market positioning, and community-driven business model, Network3 offers a promising opportunity for long-term investors. Although hardware deployment costs and track competition are potential challenges, looking ahead, as TGE advances and market demand expands, Network3 has the potential to attract more users and developers and become an important driving force in the field of DePIN and decentralized AI. For investors, this is a high-potential track worth paying attention to.
