Web3 AI company Network3 completes $5.5 million financing, with participation from Borderless Capital, EV3, and others.

ChainCatcher news, Web3 artificial intelligence company Network3 has completed a total of $5.5 million in pre-seed and seed round financing. Investors include Borderless Capital, EV3, IoTeX Eco fund, SNZ, Waterdrip Capital, and Bing Ventures. The company plans to use its funding to expand its team and continue developing its technology stack.

It is reported that Network3 is building a decentralized edge artificial intelligence infrastructure, currently with 250,000 online nodes globally, covering 184 countries and regions. Users can provide inference, fine-tuning, and training services for edge AI models by sharing bandwidth, computing power, datasets, etc., in exchange for token rewards. At the same time, Network3 plans to release physical mining machines in the coming months.