Project Background of Port3 Network
Port3 Network is a decentralized Web3 social data layer platform focused on aggregating and standardizing on-chain and off-chain data through artificial intelligence (AI) and blockchain technology to build a universal social data layer that supports Web3 applications. Here are the key information regarding its project background:
Establishment and Positioning
Port3 Network was established in 2022, headquartered in Singapore, with operations covering mainland China, Thailand, and other regions. It positions itself as a data infrastructure in the Web3 ecosystem, aiming to bridge the data gap between Web2 and Web3 by supporting decentralized applications (DApps) and AI-driven Web3 projects through data collection, aggregation, and application.
Core Mission and Vision
Port3 Network aims to create a decentralized AI data network that integrates on-chain (such as blockchain transactions) and off-chain (such as social media behavior) data to build a powerful social data layer serving the Web3 ecosystem. Its mission is to change how data is used in Web3 through innovative, transparent, and inclusive values, providing valuable analytics and data-driven solutions for users and developers.
System: Social Media Behavior
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, attracting user participation through tasks and rewards, providing user profile data across Web2 and Web3, enhancing user opportunities in public offerings, NFT pre-sales, 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 instructions, 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 institutions such as KuCoin Ventures, Jump Crypto, and Momentum 6. These funds support its technology 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 introduce 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 is approximately $1.58 million, and the fully diluted market capitalization (FDMC) is $22.8 million. The token is listed on exchanges such as MEXC and Bybit, supporting PORT3/USDT trading pairs.
Users and Community
Port3 Network has a large user base with over 3.9 million users and more than 4,000 partner projects. Its social mining mechanism (such as earning Gemstone rewards through Twitter interactions) and airdrop programs (like 7% of tokens allocated for airdrops) attract 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 application, 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 to build a decentralized social data infrastructure. Its main products, SoQuest, BQL, and SoPad, excel in user engagement, on-chain interactions, and monetizing social influence. With strong funding background, extensive blockchain support, and a large user base, Port3 Network holds a significant position in the Web3 ecosystem.
