Web3 artificial intelligence company Network3 recently announced the successful closing of a $5 million funding round, comprising a pre-seed and seed round, which attracted a host of prominent industry investors including EV3, IoTeX Eco fund, SNZ, Waterdrip Capital, and Bing Ventures. These funds will be allocated to further bolster Network3's team capabilities and propel the development of its technology stack. As a nascent power within the Web3 domain, Network3 is dedicated to constructing a decentralized AI infrastructure that distributes tasks across a multitude of devices to markedly decrease response times while offering services that safeguard user privacy.