TechFlow reported, according to The Block, Web3 AI company Network3 has raised $5 million in seed funding from investors including EV3, IoTeX Eco Fund, SNZ, Waterdrip Capital, and Bing Ventures. The company plans to use the funds to expand its team and continue developing decentralized AI infrastructure. It currently has 240,000 active nodes globally and expects to launch physical mining devices in the coming months.
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