2 years ago
PRESS RELEASE. Web3 narration aggregator KNN3 Network announced it had raised $2.4M successful a effect circular led by HashGlobal and Liang Xinjun, erstwhile co-founder of Fosun International. Mask Network, MetaWeb Venture, Eniac Venture, Tess Venture, Stratified Capital, Fundamental lab, Incuba Alpha, Zeuth Venture, Cogitent Venture, Atlas Capital; Impossible Finance, RSS3, ShowMe and Yan Xin & Potter Li, ETHsign’s co-founders besides took portion successful the round. KNN3 Network volition utilize the $2.4M backing for protocol improvement and merchandise market-fit.
From these struggles and pains connected information isolation and cross-platform redundancy, it tin concur that a cosmopolitan solution for interoperability is the lone mode forward. With specified a belief, these investors decided to enactment KNN3 Network successful driving a aboriginal of multi-chain narration aggregating and a diverse, decentralized world.
The Vision of KNN3 Network
After a paradigm shift, processors of decentralized applications are present astatine the centre of Web3, bringing to the satellite Peer-to-Peer transactions and optimized counting of authorities changes.
“As astute contracts and distributed virtual authorities machines underlie blockchains, decentralized WWW solutions genuinely springiness backmost ownership to the users and instrumentality ideology to the Web,” said Thomas Yu, Co-Founder of KNN3 Network. “However, determination is simply a request to support updating cognition of Web3 to make much flexible and innovative ideas constantly. Without permissionless cross-platform information collaboration, idiosyncratic applications conscionable tally successful silos. For example, the flywheel of Web3 volition neglect to acceptable the crypto beingness successful motion. Therefore it is imperative to person a much blase protocol to summation the reusability of web3 data. As a multi-chain narration aggregating protocol for dApps and analytics, KNN3 Network perfectly fulfils that role.”
What is KNN3 Network?
KNN3 Network provides web3 graph solutions for relational aggregation crossed aggregate blockchain universes to empower societal dApps and AI analytics. It aims to go a community-driven information curation protocol that enables on-chain information collaboration.
“The squad believes successful a narration creating meanings by converting users’ footprints into relational connectors that collectively signifier a monolithic graph network,” said Thomas Yu, “The squad is excited to beryllium a portion of the Web3 question and anticipation KNN3 Network tin get the shot rolling.”
If a idiosyncratic is simply a web3 dApp builder, they tin seamlessly retrieve the abundant web3 users’ relationships information utilizing KNN3’s high-performance GraphQL. KNN3 Network collects and compiles aggregate dimensions of relations done users’ humanities behaviour and status.
If a idiosyncratic is simply a web3 analyst, KNN3 allows them to behaviour structural and relational queries successful 1 place. In addition, it provides SQL-style graph query components for immoderate SQL-compatible BI/analytics platforms to integrate with their existing query services. Moreover, algorithm developers tin physique and bid their AI/ML algorithms with KNN3’s Graph Computing Environment Solutions.
Permissionless Cross-platform Data Collaboration Solutions
“Although AI analytics toolkits let radical to extract data’s worth connected idiosyncratic platforms, these applications usually relation successful isolation. When specified applications conception the market, users navigate a highly analyzable environment. In short, determination lacks integrated middleware to alteration much precocious web3 usage cases.” as Thomas Yu explained, “the institution wants to property up without compromising the halfway values of crypto, i.e. composability and plug & play. KNN3 Network provides specified one-stop-shop solutions for on-chain data-driven dApps. Compared with accepted SocialFi dApps embedded with SaaS (Software arsenic a service), KNN3 Network provides a trustless protocol featuring decentralization-as-a-service (DAAS) and existent censorship-resistance.”
Use cases
In the existent iteration, KNN3 Network provides information solutions for web3 dApps for societal find and idiosyncratic empowerment. Specifically, it has already assisted immoderate dApps successful maximizing their worth transportation – it provides Quest3 with Virtual Credential Service, which is the cardinal architecture for Quest3’s on-chain quest strategy utilized to validate whether a Web3 idiosyncratic is eligible to implicit a circumstantial task; it provides MetaMail and Shorum with societal graphs. KNN3 provides a trustless analytic situation for idiosyncratic proposal algorithms based connected real-time on-chain information to promote users to link with much friends with conscionable 1 click.
It besides provides AI-friendly solutions to Algorithm Registry. KNN3’s easy-to-use graph database and unfastened algorithms let the second to found an unfastened level allowing users to take algorithms independently and taxable their algorithms. In the future, KNN3 Network aims to beryllium a information collaborating gathering artifact to empower mix-dApp, SocialFi, unfastened AIs, etc.
Target Customers
KNN3 Network’s permissionless relational aggregating solutions and virtual credential services chiefly people SocialFi, on-chain credits protocols and web3 run tools. KNN3 Network besides provides ecosystem tools to alteration analytics platforms to grow their database to seamlessly incorporated web3 multi-chain relational data. The imaginativeness of KNN3 Network is to empower NFT/DAO/GameFi promoters to onboard much Web3 users portion providing them with a amended on-ramp acquisition with its profiling/enabling toolkits. It besides allows Web3 dApp builders to supply a amended Web3 societal acquisition with its multi-chain graph solutions.
About KNN3 Network
KNN3 is simply a Web3 cross-chain narration aggregator that enables societal find and idiosyncratic empowerment. KNN3 Network provides graph solutions for web3 multiverse relational aggregation to empower Social d/App and AI analytics. KNN3 aims to go a community-driven information curation protocol for on-chain information collaboration.
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