IoTeX eco-AI project Network3 closes $5 million funding round with participation from IoTeX and others
On July 25th, Network3, an AI infrastructure project for the IoTeX ecosystem, recently completed a $5 million round of financing, which was co-invested by IoTeX, Borderless, EV3, and other top-tier institutions.
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 inference, training, or validation of models. Network3 is designed to help AI developers around the world efficiently, easily and economically perform large-scale inference, training or verification of models.
Last week, IoTeX announced its 2.0 strategy, upgrading to a modular open platform for AI and DePIN, and providing comprehensive support covering technology, resources, and capital for outstanding projects through eco-funds, gas pedals, and incentive programs to help them grow rapidly.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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