press release
PRESS RELEASE. Web3 relationship aggregator KNN3 Network announced it had raised $2.4M in a seed round led by HashGlobal and Liang Xinjun, former 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 also took part in the round. KNN3 Network will utilize the $2.4M funding for protocol development and product market-fit.
From these struggles and pains on data isolation and cross-platform redundancy, it can concur that a universal solution for interoperability is the only way forward. With such a belief, these investors decided to support KNN3 Network in driving a future of multi-chain relationship aggregating and a diverse, decentralized world.
The Vision of KNN3 Network
After a paradigm shift, processors of decentralized applications are now at the centre of Web3, bringing to the world Peer-to-Peer transactions and optimized counting of state changes.
“As smart contracts and distributed virtual state machines underlie blockchains, decentralized WWW solutions truly give back ownership to the users and return democracy to the Web,” said Thomas Yu, Co-Founder of KNN3 Network. “However, there is a need to keep updating knowledge of Web3 to generate more flexible and innovative ideas constantly. Without permissionless cross-platform data collaboration, individual applications just run in silos. For example, the flywheel of Web3 will fail to set the crypto universe in motion. Therefore it is imperative to have a more sophisticated protocol to increase the reusability of web3 data. As a multi-chain relationship 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 across multiple blockchain universes to empower social dApps and AI analytics. It aims to become a community-driven data curation protocol that enables on-chain data collaboration.
“The team believes in a relationship creating meanings by converting users’ footprints into relational connectors that collectively form a massive graph network,” said Thomas Yu, “The team is excited to be a part of the Web3 wave and hope KNN3 Network can get the ball rolling.”
If a user is a web3 dApp builder, they can seamlessly retrieve…
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