Authors: Melrose, Chen Li, Li Gong

Corresponding authors: Bjeast, Enzo, Youbi Research Team

In late January, the leading project Meson of AI DePIN announced a strategic round of financing with a valuation of 1 billion, and will be listed on OKX spot trading on April 29. Youbi Capital is very honored to have participated in the seed round investment of Meson in the early stage, and there are other excellent investors at the same time, such as HashKey Capital, SevenX Ventures, and Mask Network.

What is Meson Network?

Integrating bandwidth and IP resources from the long-tail market in the DePIN mode, combined with IDC to provide high-quality data collection and distribution services.

Meson Network is a decentralized bandwidth trading market to build a public data distribution network infrastructure. Suppliers from different regions around the world can provide their idle commercial-grade bandwidth or home bandwidth at relatively low prices to users with data transmission needs. Meson Network mainly adopts the sharing economy model of DePIN to meet the diverse and abundant needs of the long-tail market to form a complete commercial system. In addition, Meson also cooperates with IDC service providers to provide higher quality services for enterprise users to meet comprehensive market demands.

Meson Network mainly consists of three components:

1) Gateway X is mainly aimed at global enterprise-level bandwidth and IP providers. Large server owners such as internet data centers or cloud service providers can choose to provide their idle bandwidth resources to enterprise customers on the GatewayX platform to provide stable and reliable storage and data transmission services. Meson has reached a cooperation with AWS to help participants quickly build Meson nodes. Meson's support for enterprise infrastructure to some extent compensates for the potential problems and risks of DePIN. Commercial service equipment can provide higher quality infrastructure support for Meson, ensuring the stability of Meson's operation, and also laying a solid foundation for Meson's cooperation with other well-known projects, such as BNB Chain, Arbitrum, and Arweave.

2) GaGaNode, unlike Gateway X, mainly supports individual devices to supply the bandwidth market. Users can use any idle device to provide resources for Meson Network, such as Android phones, TV boxes, and even Raspberry Pi and Playstation can become nodes in the Meson network. From this perspective, Meson provides great flexibility in the selection of devices for network contributors, fully in line with the core concept of DePIN. Allowing device diversity and low participation threshold is conducive to the large-scale deployment of the network, increasing the number of nodes and supporting more diverse geographical locations, which helps Meson provide higher quality IP data transmission services.

3) IPCola is a platform for users to directly purchase IP services. It aggregates the bandwidth resources output by nodes in Gateway X and GaGaNode and provides them to users at appropriate prices. The income obtained will flow to the contributing nodes. IPCola is the most direct business model for Meson's traffic monetization, fully converting the resources provided by nodes into income rather than just being used for data transmission. IPCola can provide a variety of IP services, such as dynamic IP or static residential IP, covering almost all user IP needs.

Meson Network data overview

Meson Network currently has a total of over 210,000 nodes, of which nearly 40,000 nodes are provided by enterprise-level service providers, and the nodes are distributed in various continents. In regions such as Asia, Europe, and North America where the Web3 industry is relatively developed, there are more nodes deployed. In addition, the number of GaGaNodes has reached close to 180,000, with a large number of individual participants joining the contribution of Meson's bandwidth resources. From the data perspective, Meson Network's performance is very strong, fully leveraging the advantages of DePIN, attracting enough individual devices to join the network. At the same time, such a large number of nodes and wide geographical coverage provide strong support for the product quality of Meson Network.

DePIN+AI: Public Data Collection Engine

If GPU resources are the new "oil," then undoubtedly, data is the new "gold" for AI, and the public data collected by Meson is crucial.

Currently, with the influence of the AI wave in the blockchain industry, more and more practitioners are beginning to explore the combination of blockchain and artificial intelligence. As Crypto+AI products become increasingly rich, their infrastructure support will also be very important. Currently, most DePIN projects focus on AI computing power output, while Meson is the only one focusing on collecting public data for AI, providing a more dispersed and diverse data set for AI training, becoming the "gold" in the AI training process.

The first step for Meson Network to become AI "gold" is to collect IP in a DePIN manner. GaGa Node, as the physical hardware layer, helps Meson collect idle bandwidth from around the world in a decentralized manner through token incentives.

For IP resources, the breadth of geographical coverage is most important. Under this premise, the integrated approach of DePIN is more efficient compared to the centralized model. Meson does not need to set up branches around the world or negotiate with local agents to obtain network access in different regions, allowing idle IP resources to flow to Meson rather than the other way around. In addition, the low threshold for device participation and minimal technical requirements for Meson bandwidth nodes can better unleash the potential of the DePIN model.

After GaGa Node aggregates all the bandwidth devices, IPCola processes these resources to form a data collection layer and provides them to users in the form of APIs. Users can use APIs to retrieve public data restricted by IP addresses. For example, some websites will restrict network requests from your IP address after a certain number of visits, such as CoinMarketCap. By using different IP addresses in IPCola, it is possible to collect these publicly available data to a greater extent. This rich data is invaluable for AI models.

This entire business process of Meson Network is no longer limited to DePIN, but is an infrastructure for AI databases, similar to Google Cloud and Google Crawler in the IoT industry. From a valuation perspective, the market value of these two exceeds 17 trillion. Although Meson's current scale as a Web3 project may not expand so rapidly, it leaves plenty of room for imagination as a reference for Meson's business potential. IPCola has already generated millions of dollars in real revenue, brought by genuine demand.

Overall, the large-scale aggregation of public data by IPCola plays a crucial role in AI training and Crypto+AI projects. Meson's products perfectly align with the demand for artificial intelligence, so Meson is very likely to follow the narrative cycle of AI to discover and explode in value.

Guardian of Blockchain Infrastructure

The reason why Youbi Capital chose to invest in Meson is that it recognized the importance of Meson as a data transmission infrastructure for the entire blockchain industry.

Meson is not only crucial for the tremendous support it provides to AI, but also for its importance in infrastructure. Currently, the blockchain industry is witnessing a proliferation of Layer1 and Rollups, and with the increasing infrastructure, the operation of blockchain networks is facing significant challenges. For Layer1, the emergence of more public chains means that nodes with a wider geographical range will join the network operation. The long-distance network communication latency has become a challenge for node synchronization and the rapid operation of the blockchain. Meson Network's data transmission acceleration provides an efficient solution. Meson's nodes can act as relay points for blockchain ledger data transmission, distributing information to nearby public chain nodes to achieve fast blockchain network synchronization. Similarly, for Layer2, Meson can help cache the increasing transaction data to support nodes in verifying transactions. The emergence of Meson ensures the performance of Layer2 networks in handling massive transactions. Currently, Meson has partnered with several well-known blockchain projects, such as:

1) BNB Chain has successfully utilized the data distribution acceleration provided by Meson Network's nodes distributed globally to reduce the BSC node data snapshot time from 20 hours to 1 hour, greatly improving the efficiency of the BSC network.

2) Arbitrum has also partnered with Meson Network to launch decentralized RPC services, greatly optimizing request allocation between nodes and improving network stability and performance.

3) OKX Chain has also integrated Meson Network to ensure the security of its network operation, preventing single-point failures that may occur with centralized data distribution services, and also increasing the speed of network communication between its nodes.

Like L1 and L2, decentralized storage has the same demand for efficient data transmission and synchronization. In the direction of decentralized storage, the extensive node coverage provided by Meson can accelerate users' access to and retrieval of stored data. The alleviation of network pressure and the reduction of communication distance can significantly reduce the latency when accessing data. Therefore, with its excellent infrastructure services, Meson has become the largest decentralized gateway behind IPFS and Arweave, and Sam Williams, the co-founder of Arweave, has also invested in Meson.

Overall, the services provided by Meson perfectly meet the hard demands of blockchain infrastructure and decentralized storage, supporting the secure and rapid operation of the blockchain industry's infrastructure, and acting as the guardian of blockchain networks.

Recognition from Top Research Institutions

Meson Network has the tremendous potential to impact the top 10 of DePIN.

At the end of last year, the top research institution Messari released the report "State of DePIN 2023," summarizing and evaluating the overall performance of the DePIN track over the past year. From the report, it is evident that Messari has high expectations for the future development of DePIN. Messari specifically predicted that around 2024-2025, several Asian DePIN projects will enter the top 10 in terms of market value, with Meson Network prominently featured. This indicates Messari's recognition of the value of Meson Network, and we are very optimistic about Meson Network's future development performance.

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