Meson Network: An Efficient Decentralized Bandwidth Market for Web3

Repost the original title: Detailed explanation of Meson Network: Web3 efficient decentralized bandwidth market

AI+DEPIN is the hottest track this cycle, without a doubt! Previously, we often talked about AI solutions on the computing side, such as #IO and #AKT, as well as on the AI model side #TAO. However, the foundational infrastructure of AI, which is crucial for training AI models, has been less discussed. This requires substantial user IPs for feeding and support from network bandwidth. The leading player, @NetworkMeson, has been diligently working for three years and is now on the rise! Let’s take a closer look today!

Meson Network is an efficient decentralized bandwidth market on Web3 that aggregates idle bandwidth through mining to meet the rapid access needs of institutional and individual users for information streams (images, videos, data). Use cases include decentralized storage, AI, public blockchain nodes, etc.

We can think of Meson Network as a bandwidth resource pool, where one side of the pool represents the suppliers and the other side the demanders. The former contributes bandwidth, while the latter uses it.

1. Three Main Products:

1. GatewayX integrates global commercial idle IP and bandwidth resources, such as those from IDC data centers, which experience peaks and troughs in surplus and usage. This enables them to contribute their idle resources. The most typical use case is CDN services: caching required files at IDCs close to the target user, which then utilize this bandwidth for transmission when accessed by users.

Dedicated Gateway: Provides dedicated gateway connections, supporting a variety of Web3 domain service resolution acceleration services.

1. GaGaNode mainly integrates idle bandwidth from household and personal devices to provide edge computing support. Home routers, computers, smartphones, and even small devices like Raspberry Pi can serve as edge nodes in the network, optimizing application response times and meeting the needs for real-time business processing, smart application development, and security and privacy protection.

Mining Node Tutorial, supports all platforms:

https://docs.gaganode.com/running/

3.IPCola serves as one of Meson Network’s monetization channels, handling tasks such as IP and bandwidth allocation. It is accessible via APIs and supports industries such as social media, e-commerce, finance, and SEO.

The project has achieved positive cash flow since its launch, with total revenue exceeding one million US dollars in just half a year and continues to grow rapidly.

For comparison, Google’s valuation in this business area is $1.7 trillion, suggesting a significant potential for Meson Network’s future growth.

2. Data Performance:

Currently, Meson Network boasts over 216,000 global nodes, including more than 170,000 Gaganode nodes contributing idle bandwidth, and over 46,000 GatewayX business nodes, covering 150 regions worldwide. This extensive network effectively supports the bandwidth needs of various regions during data access.

Observation website:

https://explorer.meson.network:1984/d/mzO2Tpg4k/home?orgId=2

3. Application Scenarios

1.AI Domain

Since the advent of ChatGPT, the top 50 AI products globally have generated over 28 billion visits, with an average monthly increase of 236.3 million. Such enormous demand relies heavily on significant computational power and model training. Additionally, substantial user targets (IPs) are needed to feed data and bandwidth resources to provide support.

Given the variety and complexity of AI models, model training often employs various parallel computing strategies, such as data parallelism, pipeline parallelism, and tensor parallelism. In parallel computing modes, the importance of collective communication operations among multiple computing devices becomes increasingly prominent, making network bandwidth crucial when building large-scale training clusters for AI models. Moreover, AI training involves crawling vast amounts of data, using multiple IPs to break through data access restrictions, which is key to data feeding.

Recently, the Web3 AI algorithm trading company Tide Groups invested in Meson Network at a valuation of $1 billion. Tide Groups stated that Meson Network’s strategy to build the largest network is central to big data and AI, aligning with Tide’s goals.

This underscores Meson’s significant position in the AI infrastructure domain!

2. Decentralized Storage

The current cloud storage market has a market size of hundreds of billions of dollars. However, the decentralized storage market accounts for less than 10%, presenting a huge market opportunity. The growth of Meson’s CDN acceleration business is immeasurable. Meson is currently the largest gateway for #FIL and #AR.

CDNs efficiently send data such as music, images, and applications to users by utilizing servers nearest to each user.

3. Public Chain Services

For L1 blockchains, synchronizing ledgers quickly across global nodes is a challenging problem. For L2 solutions, aggregating transaction data to pack for L1, verifying data more quickly, and caching data also present significant challenges.

In all these aspects, #Meson provides the best solutions. Its recent collaboration with the Binance Smart Chain (BSC) has significantly improved network synchronization speeds, acting as an invisible angel for the operation and security of public blockchains.

Current partners include:

Decentralized storage solutions: Integrates FIL and AR as its underlying storage technology supports;

Public chains: Partnerships with public chains like ARB to provide more efficient RPC services;

Application layer: Collaborates with social gaming and application projects like Ultiverse, RSS3, Cyber, etc., to provide data content transmission and distribution services;

Web2 companies: Works with cloud service providers such as Amazon AWS to deploy Meson nodes.

4. Core Narrative

DEPIN is the hottest field this year, encompassing two aspects:

1.Physical Resource Networks, including wireless networks, 5G networks, IoT networks, imaging and mapping networks, and mobile networks;

2.Digital Resource Networks, which include bandwidth networks, storage, and computing networks.

Whether aggregating idle bandwidth resources worldwide or using a token economy to incentivize users to join the network, Meson perfectly fits the DEPIN concept.

AI: The growth of AI Agents and game-related projects will further drive the industry’s demand for computing. However, such projects face computational bottlenecks and a lack of collaboration constraints. Meson, focusing on edge computing, effectively addresses this issue by providing ample bandwidth support for AI model training or offering public data for open-source AI model training.

Modularity/Middleware: As the data generated by applications and user interactions surge, managing massive storage of table data in database systems becomes crucial. Appropriate indexing is essential for locating specific data easily. Data read queries and retrieval speeds are vital for user experience and the smooth operation of applications. Meson provides data caching services and facilitates high-speed downloads.

5. Team

The Meson team primarily consists of developers, engineers, and business development personnel.

Founder Sherlock Shi has extensive experience in blockchain and CDN. After graduating in 2018, he entered the blockchain industry, initially focusing on NFT projects like CryptoKitties. Before Meson, he had experience with project financing and has focused on decentralized storage and CDN acceleration tracks since Meson’s inception.

6. Financing Situation

According to official information, Meson has completed five rounds of financing:

February 2021, Seed round, investors include Mask Network, Youbi Capital, etc.;

June 2021, Series A, led by Libertus, Mask Network, and Hash Global with $3.5M;

December 2021, Mask Network, Hash Global invested $5M;

In 2024, two strategic rounds were completed, with the final valuation reaching up to $1 billion.

7. Token Model

Meson Token: $MSN, with an initial total supply of 100 million. The first year’s mining inflation rate is 5%, decreasing by 0.5% annually.

Private: 26,000,000 (26%)

Public: 5,000,000 (5%)

Ecosystem: 27,000,000 (27%)

Foundation: 20,000,000 (20%)

Technical Team: 15,000,000 (15%)

Partners: 6,000,000 (6%)

Testnet: 1,000,000 (1%)

Token Value Capture:

• Miner Rewards

Miner Staking to boost mining efficiency

User Payments

Protocol Governance

In summary, the core demand for tokens will come from miners, B-end users (including but not limited to public blockchain projects, NFT project operators, other blockchain projects), and C-end users.

Summary

Meson, as a key infrastructure in the Web3 market, has achieved rapid growth by leveraging the AI trend. At the same time, its business logic is well-rounded. Compared to similar products, Meson is not confined to any single blockchain ecosystem and attempts to reach a broader audience. Its three main products are clearly defined, and it has already generated revenue in the millions of dollars. Additionally, it taps into three core narratives: AI, DEPIN, and modular/middleware solutions. The future potential of Meson is immense!

Disclaimer:

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