Network3 Opens Testnet Whitelist for Hashrate Staking Mining Starting December 26

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December 25, 2024 7:31 PM

In Brief:
Network3 has opened whitelist applications for its N3 Compute Network testnet.
Staking and mining activities will commence on December 26th, 8:00 AM (GMT+8).
The platform allows high-performance GPU providers and renters to benefit from cost-effective decentralized computing.

Network3, a decentralized platform for high-performance computing, has announced the opening of whitelist applications for its N3 Compute Network testnet. This milestone introduces a significant opportunity for GPU providers and renters to participate in decentralized hashrate staking and mining. With staking officially starting on December 26, the platform marks a step forward in democratizing access to affordable and powerful computational resources.

Key Features of the N3 Compute Network

  1. For GPU Providers:
    GPU owners can stake their hardware to earn rental income while supporting the Network3 ecosystem.
  2. For GPU Renters:
    Renters can access high-performance computing power at an average cost 50% lower than market rates, enabling more affordable solutions for compute-intensive tasks.
  3. Joint Mining Features:
    In the near future, Network3 plans to launch joint mining functionalities, allowing users without GPU hardware to participate in staking activities and earn token rewards.

Expanding Edge AI Capabilities
The N3 Compute Network represents a significant upgrade for Network3’s decentralized Edge AI infrastructure. Initially focused on small-scale model applications, the platform now supports advanced, compute-intensive tasks, including:

  • Training and fine-tuning medium and large AI models.
  • Data processing for various high-performance applications.

This advancement positions Network3 as a competitive player in decentralized AI and GPU-driven technologies.

Upcoming Developments

  • Pre-TGE Airdrop:
    Network3 has launched a pre-TGE (Token Generation Event) airdrop activity to reward early adopters.
  • Exchange Listings in January:
    Network3 plans to list its token on several prominent exchanges in January, providing liquidity and further adoption opportunities.

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