According to BlockBeats, on July 25, IoTeX ecosystem AI infrastructure project Network3 recently completed US$5 million in financing. This round of financing was jointly invested by first-line institutions such as IoTeX, Borderless, and EV3.
The funding will be used to expand Network3's team, improve its technology stack, and accelerate its TGE process in the IoTeX ecosystem. Network3 aims to help global AI developers efficiently, conveniently, and economically perform large-scale reasoning, training, or model verification. It currently has more than 200,000 nodes worldwide, covering 181 countries or regions.
Last week, IoTeX announced its 2.0 strategy, upgrading to a modular open platform for AI and DePIN. It will also provide comprehensive support covering technology, resources and capital to outstanding projects through ecological funds, accelerators, incentive programs, etc., to help projects grow rapidly.
