Background of the Port3 Network project
Port3 Network is a decentralized Web3 social data layer platform focused on aggregating and standardizing both on-chain and off-chain data through artificial intelligence (AI) and blockchain technology, building a universal social data layer to support Web3 applications. Here are the key details of its project background:
Founding and Positioning
Port3 Network was established in 2022, headquartered in Singapore, with operations covering mainland China, Thailand, and other regions. It is positioned as a data infrastructure in the Web3 ecosystem, aiming to bridge the data gap between Web2 and Web3 by collecting, aggregating, and applying data to support decentralized applications (DApps) and AI-driven Web3 projects.
Core Mission and Vision
The goal of Port3 Network is to create a decentralized AI data network by integrating on-chain (such as blockchain transactions) and off-chain (such as social interactions) data.
System: Social media behavior data, building a powerful social data layer to serve the Web3 ecosystem. Its mission is to transform the way data is used in Web3 through innovative, transparent, and inclusive values, providing valuable analytics and data-driven solutions for users and developers.
Main Products and Features
Port3 Network has developed several core products:
SoQuest: A Web3 task platform with over 70,000 daily active users (DAU) and a total user base exceeding 4.8 million. It attracts user participation through tasks and rewards, providing user profile data across Web2 and Web3, enhancing opportunities for users in public offerings, NFT early purchases, and airdrops.
BQL (Blockchain Query Language): A natural language processing-based on-chain workflow executor that allows users to complete complex on-chain interactions through natural language commands, supporting EVM-compatible contracts.
SoPad: A social influence monetization platform that helps content creators and influencers launch projects and earn rewards in a decentralized environment.
DeCalc: Utilizing federated learning technology to support decentralized computing for Web3 while protecting user privacy.
Funding and Support
Port3 Network has raised over $10 million through multiple rounds of financing, including a $3 million seed round led by top blockchain investment firms such as KuCoin Ventures, Jump Crypto, and Momentum 6. This funding supports its technical development and ecosystem expansion.
Technology and Ecosystem
Port3 Network supports multiple blockchain ecosystems, including Ethereum, Polygon, BNB Chain, Avalanche, Fantom, and others. It enhances the platform's liquidity and trading efficiency by integrating technologies such as the OKX DEX API.
The project also plans to launch new features such as OpenBQL based on Solana and an AI data layer (L2) testnet, further expanding its technical capabilities.
Tokens and Economic Model
The native token of Port3 Network is PORT3, used for paying service fees, participating in governance, and incentivizing network activities. Its initial market capitalization was approximately $1.58 million, with a fully diluted market capitalization (FDMC) of $22.8 million. The token is listed on exchanges such as MEXC and Bybit, supporting the PORT3/USDT trading pair.
Users and Community
Port3 Network has a large user base, with over 3.9 million users and more than 4,000 collaborative projects. Its social mining mechanism (such as earning Gemstone rewards through Twitter interactions) and airdrop plan (such as 7% of tokens allocated for airdrops) have attracted significant community participation.
Future Development
Port3 Network plans to launch more features in the future, such as a data analytics dashboard developed in collaboration with Jump Crypto, expanded functionalities for the SoQuest app, and metaverse games. Additionally, its QaaS (Quest-as-a-Service) has attracted over 1 million users, demonstrating strong market appeal.
Summary
Port3 Network is a rapidly growing Web3 data layer project that integrates on-chain and off-chain data through AI and blockchain technology, creating a decentralized social data infrastructure. Its primary products, SoQuest, BQL, and SoPad, excel in user participation, on-chain interactions, and monetizing social influence. With a strong funding background, extensive blockchain support, and a large user base, Port3 Network occupies a significant position in the Web3 ecosystem.