NetX Network has launched the first phase of its blockchain, the beginning of a staged rollout designed to support artificial intelligence applications, enterprise services, and digital payments.
The project said Phase One introduces the core network along with NetXScan, its blockchain explorer, as developers begin building and testing applications. According to the team, the rollout will happen in multiple stages as the network expands its infrastructure and ecosystem.
NetX said its blockchain is designed to support AI agents that can execute tasks, call services, and interact with smart contracts. The network also aims to provide infrastructure for enterprise applications and compliant payment services. The native NETX token will be used to pay transaction fees, power smart contract execution, and support activity across the network.
NetX targets three sectors with one blockchain
Unlike many blockchain launches that focus on decentralized finance or gaming, NetX is positioning its network around three areas at the same time which are AI, enterprise software, and payments.
The project said businesses will be able to use the network for commercial applications. At the same time, payment providers can connect digital assets with real-world transactions through what it describes as a trusted payment channel. AI agents are expected to use the same blockchain to automate tasks and interact with decentralized applications.
The phased launch gives developers time to test the network before additional features and services become available.
Can one blockchain support AI, business, and payments at the same time?
Several blockchain projects have tried to serve multiple industries through a single network. Ethereum expanded from decentralized finance into NFTs, gaming, and enterprise applications. More recently, XRP Ledger has increased its focus on tokenization alongside cross-border payments.
NetX faces the challenge of AI, enterprise software, and payment systems all having different technical and regulatory requirements. Building infrastructure for all three is only the first step. The harder task is convincing software companies, payment providers, and developers to use the same network instead of existing platforms.
That means the project’s long-term progress is likely to be measured less by the launch itself and more by whether businesses and developers choose to build products that people use every day.
In another blockchain development, ENI Blockchain announced the addition of EDDiD Financial to its Super Node Network and Top 100 Institutions Programme, adding to the platform’s efforts to grow institutional participation in blockchain-based financial services.
Enjoyed this? Bookmark DeFi Planet, explore related topics, and follow us on Twitter, LinkedIn, Facebook, Instagram, Threads and CoinMarketCap Community for seamless access to high-quality industry insights.
Take control of your crypto portfolio with DEFI PLANET PRO, DeFi Planet’s suite of analytics tools.
