#iotex

According to BlockBeats, on September 7, data from DePINscan revealed that nearly 2,000 units of the first batch of Network3's N3 Edge V1 mining machines are now operational. These machines, part of the IoTeX ecosystem project DePIN & AI infrastructure, have initiated dual mining incentives for N3 and IOTX device verification modules. The current payback period is estimated to be 120 days, ranking among the top three in recorded DePIN projects.

Network3 aims to build a DePIN & AI Layer2 to assist global AI developers in efficiently, conveniently, and economically conducting large-scale inference, training, or model verification. The N3 Edge V1 mining machines, which sold out quickly on their pre-sale day, are the first physical devices to integrate IoTeX's on-chain device identity verification module, ioID. Each device's authenticity and operational status are verified in real-time on the blockchain, and users receive additional IOTX incentives for the device verification module.

As the proposer of modular infrastructure for DePIN, IoTeX has modularized the complex and burdensome real-world and Web3 connection systems, including on-chain device verification, off-chain data computation, privacy communication, and on-chain data storage. This modular construction allows DePIN projects to utilize these modules as needed to improve construction efficiency and reduce costs, paving the way for large-scale DePIN applications.