Network3’s Mining Device ‘N3 Edge V1’ Sold Out in Seconds
San Francisco, California, August 21st, 2024, Chainwire
Network3, the DePIN-Edge AI protocol, successfully sold out its first batch of 3,000 physical mining devices, the N3 Edge V1, sold out in seconds after launch. The sale went live on August 20 at 10 am PST and was met with high demand from users.
Network3’s head of ecosystem announced the presale of N3 Edge during the recently concluded Stanford Blockchain Week in New York. At the DePIN Summit conference hosted by EV3, Network3 revealed the launch plans in a panel discussion with IoTeX’s founder.
The Pre-sale event of Network3’s ‘N3 Edge V1’ mining devices follows the project’s recent $5.5 million seed funding round in July, 2024.
N3 Edge V1: The Physical Private clould For Everyone
N3 Edge V1 is a dual mining machine that can mine Network3’s native token and IoTeX tokens. The physical mining machine enables users to mine two types of tokens, allowing the potential to increase Network3 rewards.
These devices integrate IoTeX’s infrastructure like the decentralized W3bstream and ioID to provide device identity and DePIN verification, leveraging IoTeX’s advanced ZK and off chain computing technology with its modularity tech stack .
The N3 Edge offers enhanced capabilities compared to standard personal devices used for token mining. Additionally, it is lightweight and has high processing power, helping users to efficiently and seamlessly mint two tokens.
Most importantly, N3 Edge is very easy to set up. Users have to connect to a power source, connect the device to the internet, login, and start mining.
Empowering User-Led Tech Innovations With N3 Edge V1
Network3 facilitates a shift from traditional mining’s energy-intensive and specialized hardware toward sharing computational power, data, and network bandwidth from IoT devices. The N3 Edge V1 intends to democratize the crypto-mining landscape by providing users with the tools to mine tokens through simple devices.
Physical mining devices like N3 Edge can potentially incentivize participation in mining from general users with a smartphone or computer. The mining process involves three types of action from users.
Users can share internet bandwidth and allocate it for executing network activities. They can provide a device’s computational or processing power to support operations. Users can also contribute data from their devices to bolster data privacy and security while training AI models.
Creating An Equitable Digital Economy With Network3
Network3 brings together DePIN and Edge AI to provide an innovative and lucrative mechanism for training AI models. The protocol challenges centralized data processing by leveraging devices at the network’s edge to reduce latency and enhance scalability.
DePIN and Edge AI work together to make local data available for processing on edge devices or IoT products. This improves AI models’ data accuracy and speeds up Machine Learning with real-time user-generated data.
Network3 aims to democratize the AI industry by decentralized model training and data processing in exchange for tokenized rewards. The successful launch of Network3’s dual mining machine, N3 Edge, is a step forward towards realizing a more equitable and decentralized future.
About Network3
The Network3 Mining Machine Edge V1, the ultimate solution for those who value both privacy and performance. Competing directly with other notable cloud services, the Edge V1 is designed to give users unparalleled control over their digital resources. With this innovative device, users can share their bandwidth, IP, compute power, personal data, and knowledge to contribute to AI model inference, fine tun, and training—all while maintaining complete privacy.
The Network3 Mining Machine Edge V1 is not just a device—it’s a revolution in how users manage and monetize their digital resources. Competing with the best while providing superior privacy, token rewards, and a future-proof technology platform, The Edge V1 is the gateway to a more private, decentralized, and potentially profitable digital future.
Key Features:
– Personal Private Cloud: Unlike traditional cloud services, the Edge V1 empowers users to host and manage their own private cloud at home. This means that user’s data can stay with them, providing them absolute control over their digital footprint.
– Token Rewards: Users have the chance to earn rewards by sharing unused bandwidth, IP, and computational resources. The Edge V1 turns user’s contributions into valuable tokens, providing a new way to benefit from digital assets.
– Privacy-First AI Training: Users can train AI models using their data without sacrificing privacy. The Edge V1 ensures that a user’s personal information is never exposed, providing peace of mind while contributing to cutting-edge AI development.
– Seamless Integration: Users can compete with Tier 1 ecosystems by integrating the Edge V1 into their existing network setup. Enjoying the same level of user-friendliness and reliability, with the added advantage of complete privacy and decentralized control.
– Future-Proof Technology: Built to evolve with the ever-changing digital landscape, the Edge V1 ensures that users stay ahead of the curve in the world of personal cloud computing and AI training.