KNN3 Network, a Web3 connection aggregator, has released a press statement announcing it has raised $2.4M in a seed round headed by HashGlobal and Liang Xinjun, the former co-founder of Fosun International. Co-founders Yan Xin and Potter Li of ETHsign, together with investors Mask Network, MetaWeb Venture, Eniac Venture, Tess Venture, Stratified Capital, Fundamental lab, Incuba Alpha, Zeuth Venture, Cogitent Venture, Atlas Capital, Impossible Finance, RSS3, and ShowMe, participated in the round. The $2.4M will be used by KNN3 Network to refine their protocols and test their products in the marketplace.

The need for a global answer to interoperability is evident from the problems with siloed data and redundant systems across different platforms. Having faith in the potential of multi-chain connection aggregation and a more inclusive, decentralized future, these investors have decided to back KNN3 Network.

Future of the KNN3 Network

Web3 is built around the paradigm shift from centralized to decentralized application processing, bringing with it Peer-to-Peer transactions and efficient counting of state changes.

Blockchains are based on smart contracts and distributed virtual state machines, therefore decentralized WWW solutions actually return democracy to the Web, as stated by Thomas Yu, Co-Founder of KNN3 Network. But it's important to continually learning new things about Web3 so that you may come up with fresh and original concepts. Apps can't work together across platforms and share data without explicit consent. It's possible, for instance, that Web3's flywheel won't be able to get the crypto world rolling. Therefore, it is critical to have a more advanced protocol to boost web3 data reuse. KNN3 Network excels as a protocol for collecting relationships across several chains, making them available to decentralized applications and analytics.


The KNN3 Network: What Is It?

To facilitate social dApps and AI analytics, KNN3 Network offers web3 graph solutions for relational aggregation across various blockchain universes. With community input, it hopes to evolve into a standard for on-chain data cooperation.

"The team is delighted to be a part of the Web3 wave and hope KNN3 Network can begin the ball rolling," Thomas Yu stated, "The team believes in a relationship establishing meanings by turning users' footprints into relational connectors that collectively form a vast graph network."

A web3 dApp developer utilizing KNN3's high-performance GraphQL can easily obtain the rich data on relationships between web3 users. Through users' past actions and profiles, the KNN3 Network gathers and combines numerous dimensions of relations.

For a web3 analyst, KNN3 is a convenient one-stop-shop for conducting both structural and relational inquiries. In addition, it offers graph query components in the style of SQL, making it possible to interact with the query services of any BI/analytics platform that supports SQL. In addition, KNN3's Graph Computing Environment Solutions allow algorithm developers to construct and educate AI/ML algorithms.

Solutions for Cross-Platform, Permission-Free Data Collaboration

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