Network3 Secures $5.5 Million in Seed Funding on July 23, 2024

According to industry sources, Network3 secured $5.5 million in Seed funding on July 23, 2024. The round was backed by SNZ Holding, Waterdrip Capital, Borderless Capital, IoTeX, Bing Ventures, and EV3. Following this investment, Network3’s total cumulative funding has reached $5.5 million.Network3 is a project focused on developing AI Layer2 solutions. The platform aims to enable global AI developers to conduct model inference, training, and validation rapidly and efficiently by leveraging technologies such as AI model optimization and compression, federated learning, edge computing, and confidential computing. As artificial intelligence continues to advance, the demand for efficient and secure AI infrastructure is increasing, and Network3’s solutions are well positioned to address this market need.Notably, according to the project’s roadmap, Network3 has made significant progress following this funding round. Its token, RESOLV, was listed on major exchanges in January 2025. Additionally, Network3 established a $10 million mining pool fund to support ecosystem growth and development. These initiatives underscore the team’s long-term commitment to technological innovation and ecosystem building, and are expected to further drive the advancement of AI infrastructure.