Press Release
PRESS RELEASE. KNN3 Network, a Web3-based relationship aggregator, announced that it raised $2.4M through a seed round. This was led by HashGlobal as well Liang Xinjun (ex-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 plans to use $2.4M of funding for product market-fit and protocol development.
These struggles and pains regarding data isolation and redundancy across platforms can be seen as a sign that interoperability requires a universal solution. This belief led to these investors supporting KNN3 Network, a multi-chain network for relationship aggregation, and creating a global, distributed world.
The Vision of KNN3 Network
The Web3’s central hub is now the processors of decentralized apps. They bring to the Web Peer-to–Peer transactions, optimized counting of state shifts and a paradigm-shift.
“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,” Thomas Yu is the co-founder of KNN3 Network. “However, there is a need to keep updating knowledge of Web3 to generate more flexible and innovative ideas constantly. Each application runs in isolation without cross-platform permissionless data collaboration. Web3 is not able to turn the crypto-universe on its head, so Web3 won’t work. To increase web3 data’s reusability, it is essential to use a sophisticated protocol. As a multi-chain relationship aggregating protocol for dApps and analytics, KNN3 Network perfectly fulfils that role.”
What’s the KNN3 Network?
KNN3 Network is a web3 graph solution provider for relational aggregate across multiple blockchain universes. This allows social dApps as well as AI analytics to be enabled. This protocol aims to be a community-driven curation protocol for data that allows on-chain 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 the abundant web3 users’ relationships data using KNN3’s high-performance GraphQL. KNN3 Network collects and compiles multiple dimensions of relations through users’ historical behaviour and status.
KNN3 permits web3 analysts to perform both relational and structural queries from one platform. It also provides SQL-style query components in graph format for all SQL-compatible BI/analytics platform to be integrated with existing query services. Moreover, algorithm developers can build and train their AI/ML algorithms with KNN3’s Graph Computing Environment Solutions.
Collaboration Solutions that allow cross-platform data sharing without permission
“Although AI analytics toolkits allow people to extract data’s value on individual platforms, these applications usually function in isolation. Users navigate highly complicated environments when such apps segment the market. In short, there lacks integrated middleware to enable more advanced web3 use cases.” as Thomas Yu explained, “the company wants to press ahead without compromising the core values of crypto, i.e. composability and plug & play.KNN3 Network offers such one-stop solutions for data-driven on-chain dApps. Compared with conventional SocialFi dApps embedded with SaaS (Software as a service), KNN3 Network provides a trustless protocol featuring decentralization-as-a-service (DAAS) and true censorship-resistance.”
Make use of cases
KNN3 Network is providing data solutions to web3 dApps that enable social discovery and empower users in its current version. Specifically, it has already assisted some dApps in maximizing their value delivery – it provides Quest3 with Virtual Credential Service, which is the fundamental architecture for Quest3’s on-chain quest system used to validate whether a Web3 user is eligible to complete a specific task; it provides MetaMail and Shorum with social graphs. KNN3 is a trustworthy analytic platform for user recommendation algorithms that are based upon real-time data from the on-chain. It encourages users to get connected with more friends by just clicking one button.
Algorithm Registry also has AI-friendly options. KNN3’s easy-to-use graph database and open algorithms allow the latter to establish an open platform allowing users to choose algorithms independently and submit their algorithms. KNN3 Network aims for the future to become a data collaborating building blocks to enable mix-dApps, SocialFi, and open AIs.
Attract Customers
KNN3 Network’s permissionless relational aggregating solutions and virtual credential services mainly target SocialFi, on-chain credits protocols and web3 campaign tools. KNN3 Network offers ecosystem tools for analytics platforms that allow them to easily integrate multi-chain web3 relational data into their existing databases. KNN3 Network’s goal is to help NFT/DAO/GameFi marketers to get more Web3 users and to provide an easier onboarding experience through its profiling/enabling softwarekits. With its multi-chain graph solutions, it allows Web3 developers to create better Web3 social experiences.
KNN3 Network
KNN3 is an Web3 cross-chain relation aggregator which enables user empowerment and social discovery. KNN3 Network offers graph solutions to web3 multiverse relationship aggregation in order to enable Social d/App or AI analytics. KNN3 intends to be a community-driven protocol for data curation and on-chain collaboration.
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