According to BlockBeats, on July 23, Web3 AI company Network3 completed US$5 million in financing in pre-seed and seed rounds, with EV3, IoTeX Eco Fund, SNZ, Waterdrip Capital and Bing Ventures participating.
The company plans to use the funding to expand its team and continue developing its technology stack. Network3 is building a decentralized AI infrastructure that distributes tasks across numerous devices, reducing latency while prioritizing privacy.
