The First Project Report: Three Years of Work, Detailed Explanation of the Supernova Meson Network in the DePIN Field
The popularity of AI artificial intelligence has long been known. This wind blows from the physical industry to traditional finance, and then covers the crypto industry again. AI + DEPIN has become the hottest track in this cycle, which is beyond doubt!
When it comes to AI computing power solutions, there have been many potential projects, such as #IO, #AKT, etc., as well as AI model side #TAO, but few projects have ventured into and performed well in the field of AI underlying infrastructure. It is well known that AI Model Training is inseparable from the huge user IP to help feed, and the support of network bandwidth. Behind countless Web3 infrastructure and applications, there is an obscure but crucial guardian - Meson Network.
With the growing prosperity of the web3 ecosystem, the industry's collective desire for bandwidth has become more apparent, but it is difficult to detect from the perspective of ordinary users.
In contrast, what we are more aware of is that the entire crypto industry has entered a new era: it is no longer the barbaric state of Bitcoin and Ethereum 5-10 years ago, and there are new developments in multiple segments; such as the separation of L1 and L2 functions, the symbiosis of NFT and decentralized storage, and even the combination of AI and cryptocurrency.
In the new era, it is easier to expose old problems. The more subdivided the field and the more the ecosystem develops, the more decentralized projects have to face the efficiency and experience of data access.
All of this requires basic bandwidth resources to support. Therefore, Web3 projects naturally have a common demand - the need for appropriate and sufficient bandwidth resources to ensure decentralized data access and usage. And this is exactly what Meson Network does silently.
What is the Meson Network?
Meson Network is an efficient decentralized bandwidth market on Web3 that aggregates idle bandwidth resources through mining to meet the needs of institutions and individual users for fast access to information streams (images, videos, data). Use cases include decentralized storage, AI, public chain nodes, etc.
Meson Network focuses on DePIN + AI and aims to create a decentralized physical network empowered by humans. Meson Network "DePIN" nodes are developed using user-friendly technology to accommodate a variety of hardware such as personal laptops, servers, IoT devices, and more. Using the idle bandwidth of these network nodes, Meson establishes an economic cycle that connects idle resources to business needs. Its vision is to be the cornerstone of a decentralized storage, computing, and even a thriving Web3 Dapp ecosystem.
We can understand the Meson Network as a bandwidth resource pool, and both sides of the pool can be regarded as the supply and demand sides. The former contributes bandwidth, and the latter uses bandwidth.
In simple terms, the logic of this business is very simple and straightforward: rent out idle bandwidth resources that users do not use to other users. Under Meson's model, users can exchange surplus bandwidth for tokens to facilitate access to global bandwidth resources for those in need. This will be an interesting attempt to activate the long tail market.
Meson Network's three pillar industries
- Gateway X: aggregates commercial idle bandwidth to provide CDN services
GatewayX integrates global commercial idle IP and bandwidth, such as the resources of the IDC computer room. There are surplus and use troughs, and you can contribute your own idle resources. The most typical use scenario is CDN services: IDC caches the required files near the Target User, and users use the bandwidth there for transmission when accessing.
The main Object Oriented of this product is the global commercial idle bandwidth. For example, resources in enterprise data centers (IDCs) are bound to have surplus and usage troughs. IDCs can contribute their own idle resources to meet the needs of others for file transfer. - Gaga Node: Integrating idle bandwidth of residential and personal devices to power EdgeComputing services
GaGaNode mainly integrates the idle bandwidth of home and personal devices and provides EdgeComputing assistance. Home routing, computers, mobile phones and even small devices such as Raspberry Pi, these devices can act as edge nodes in the network to optimize the response speed of applications and meet the needs of real-time business processing, intelligent application development, security and privacy protection.
3, IP Cola: based on large-scale node network, monetization
IPCola is a monetization channel for Meson, conducting tasks such as IP and bandwidth allocation. Since Meson has a large number of data center nodes and home nodes from around the world, it can pool these idle IP and bandwidth resources through the bandwidth trading market and then allocate them, thereby bringing value to other users in different regions in terms of data acceleration/caching, anti-advertising fraud, cyber security and data crawling. Open to the outside world through APIs and other forms, providing support for social media, e-commerce, finance, SEO and other fields.
We can simply understand it as: Meson packages the pooled resources and forms services for various scenarios; others need to pay on demand to use these services, thus constituting Meson's revenue stream.
As a bandwidth resource platform, clear supply and demand ends, coupled with a healthy and scalable revenue model, make the more participants on the platform, the more obvious the Network Effect, and the larger the project scale.
Meson's official website shows that there are a total of 21.6W + global nodes, including 17W + Gaganode nodes contributing idle bandwidth, and 4.6W + GatewayX commercial nodes, covering 150 regions around the world, effectively supporting the bandwidth requirements of different regions during data access. Its bandwidth capacity is about 20 Tb/s, with an average latency of 90 ms.
At present, the project has achieved positive cash flow, and the overall revenue has been more than one million dollars since the launch of half a year, and continues to grow at a high speed. In contrast, the market value of Google's business is 1.70 trillion dollars, and Meson will have a very high imagination in the future.
Economics of Meson Network Tokens
The Meson native token is named MSN. As the incentive and governance token of Meson Network, the total supply of MSN is 100,000,000, and the token distribution is as follows:
Private Token Sale: 26,000,000 MSN (26%)
Public Token Sale: 5,000,000 MSN (5%)
Ecosystem: 27,000,000 MSN (27%)
Foundation Reserve: 20,000,000 MSN (20%)
Technical team: 15,000,000 MSN (15%)
Partner: 6,000,000 MSN (6%)
Testnet mapping: 1,000,000 MSN (1%)
The main application scenarios of MSN include but are not limited to: rewarding miners, staking miners, serving as a payment method for users, participating in protocol governance (voting on the development or modification of protocol parameters), and distributing tokens to miners as a reward for providing server resources. Overall, the core demand side of tokens will come from miners, B-end users, including but not limited to public chains, NFT project parties, other blockchain projects, etc., as well as C-end users.
At present, Meson Network attack completed five rounds of financing, 202.02 seed round, investors include Mask Network, Youbi Capital and other 202.06 A rounds, jointly led by Libertus, Mask Network and Hash Global for $3.5M; 202.12 Mask Network and Hash Global participated in the investment of $5M; 2024 completed two rounds of strategic financing, January 25 at a valuation of $1 billion completed a new round of strategic financing led by Presto Labs, the specific financing amount was not disclosed.
Meson Network is not a new project, but since the start of 21 years of seed round financing, it seems to have become timeless. In this fast, fickle and profit-first crypto world, how many projects are left that have not issued coins for 3 years and have done solid work? How many are still doing behind-the-scenes work that is not so easy to detect? After crossing the bull and bear, how many are still alive?
Doing the "infrastructure of infrastructure" and playing the role of the behind-the-scenes worker, it is difficult to see the heat and narrative in the short term; but once the scale effect is formed, the business is very easy to replicate and expand in batches. Becoming a rigid resource requirement for all projects, the value and benefits of being a behind-the-scenes hero are actually huge.
As a key infrastructure in the Web3 market, Meson has achieved rapid growth in combination with AI. At the same time, the business logic is closed-loop and perfect. Compared with congeneric products, Meson is not limited to a blockchain ecosystem, and attempts to expand to a wider range of users. The current three products are clear, with millions of dollars in revenue, and stepping on the three core narratives, AI + DEPIN + Modularization/Middleware, the future imagination space is immeasurable!
On May 21, 2024, MSN will log in to The First, let's witness its growth together!