Network3 Sells Out First Batch of N3 Edge V1 Mining Devices and Introduces Dual Mining Capabilities

Wednesday, August 21, 2024 3:11 PM
1,473
Network3 Sells Out First Batch of N3 Edge V1 Mining Devices and Introduces Dual Mining Capabilities cover

Network3, the DePIN-Edge AI protocol, has successfully sold out its first batch of physical mining devices, N3 Edge V1, within an hour after launch. The sale went live on August 20 at 10 am PST and was met with an extremely high demand from users. 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 boost their Network3 rewards by mining two types of tokens. 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 is more powerful than other personal devices that people use for mining tokens. 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. 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.

Related News

DePIN Sector Surges: Helium Leading the Way cover
a month ago
DePIN Sector Surges: Helium Leading the Way
DePIN, the sector bridging everyday life with the digital world, is booming with Helium emerging as one of the fastest-growing networks in crypto. Over the last 30 days, DePIN's market cap surged by 22.7%, reaching $20 billion with a 400% increase. The fundraising volume also saw a 296% surge year-over-year, indicating massive growth and investor confidence. With over 100 projects in development, DePIN's potential is undeniable, attracting both developers and investors. Helium, for instance, attracted 756,000 real users on June 18, transferring 19.1 TB of data on their network. This success showcases DePIN's seamless integration into daily life, making blockchain technology accessible without users even realizing it. The sector's rapid expansion and promising future make DePIN a major player in the crypto market.
Helium's HNT Token Surges on Growing Mobile Subscribers and Technical Analysis cover
a month ago
Helium's HNT Token Surges on Growing Mobile Subscribers and Technical Analysis
Helium's native token (HNT) has surged by over 18% in the past week, outperforming many other cryptocurrencies. The rise in price is attributed to the growth in Helium's mobile subscribers, which now exceed 112,000. This surge follows a 40% spike in price just two months ago when the subscriber count crossed 100,000. Helium's decentralized wireless network, focused on IoT, has seen rapid adoption, with Hotspots serving as wireless gateways and mining nodes. Technical analysis suggests potential for further gains, with resistance expected at $9.00 and possible targets at $11.50 - $12.00 and even $14.00. Support levels are crucial between $6.00 and $7.00. The overall outlook for HNT remains bullish, driven by its innovative DePIN model and expanding user base.
Key Updates in the Crypto Market cover
a month ago
Key Updates in the Crypto Market
Bitcoin price drops to $55,711.26 as Arthur Hayes predicts it could fall below $50K amid market turmoil. Worldcoin CEO Alex Blania reveals plans for global expansion following Facebook's model. Injective launches the 'First Ever' tokenized index for BlackRock's BUIDL Fund, allowing users to take long or short positions. Pepe Unchained raises $12 million in presale with heavy whale buys, attracting attention as the next big crypto. Justin Sun's SunPump shifts to a '100% On-chain Buyback and Burn Process' strategy. Penpie DeFi Protocol hacked, resulting in the theft of $27M in crypto assets.
Exploring Promising DePIN Altcoins: Render and OriginTrail cover
a month ago
Exploring Promising DePIN Altcoins: Render and OriginTrail
DePIN, with a market value of around $20 billion, is a rapidly growing sector in the crypto space. Despite the sector's fast expansion, there are still promising opportunities available. Here are three DePIN altcoins worth considering: 1) Large Cap: Render ($RENDER) Render is a major DePIN project known for its fully distributed network of GPU computing power, specifically designed for rendering images using AI programs. Recently rebranded from $RNDR to $RENDER and migrated to Solana for faster transactions and lower fees, Render has shown resilience in the market. With a 315% increase in the last 12 months, Render remains a strong contender in the DePIN space. 2) MidCap: OriginTrail ($TRAC) OriginTrail focuses on decentralized AI and truth verification, particularly in supply chains and manufacturing. Its innovative solutions for transparency and safety have garnered attention from industries like UK Customs and Swiss Federal Railways. Despite a 35% decrease in the last 3 months, OriginTrail's $TRAC token has seen a 155% ROI in the past year, showcasing its potential for growth. 3) Small Cap: [Third altcoin information here] [Additional details about the third altcoin] Share your favorite DePIN project in the comments below and stay tuned for more updates on the evolving crypto landscape.
DePIN Alliance: Exploring the Future of Real-World Assets at TOKEN2049 Singapore cover
a month ago
DePIN Alliance: Exploring the Future of Real-World Assets at TOKEN2049 Singapore
DePIN Alliance presents 'Where DePIN, AI & IP Converge into RWA' at TOKEN2049 Singapore, focusing on Real-World Assets (RWA) with top industry players like JDI Ventures and Chain Capital. The event offers networking opportunities with venture capitalists and features experts discussing the market trends of DePIN, AI, and IP. Limited spots available, register now to secure your place.
Empowering Communities Through Decentralized Energy Infrastructure cover
a month ago
Empowering Communities Through Decentralized Energy Infrastructure
Transitioning to a zero-emissions economy is crucial for our survival, with renewable energy sources playing a key role. Unlike fossil fuels, renewables rely on the sun and wind, requiring a shift in how we consume energy. To achieve net-zero emissions quickly, we must involve end consumers in the energy market. Previous attempts at demand response programs have fallen short due to their inefficiency and high costs. What we need is a horizontally structured system that allows for locally-produced energy to be shared among billions of producers and consumers. By leveraging decentralized physical infrastructure networks (DePINs), communities can incentivize the building of essential networks using blockchain technology and cryptographic tokens. This approach empowers individuals, from homeowners with solar panels to small businesses with battery storage, to actively participate in the energy market and be rewarded for their contributions. It's time for the community to take the lead in shaping a sustainable energy future.