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MAGNE.AI is a blockchain platform that integrates AI computing with Web3 infrastructure, consisting of MAGNE Layer1 (a mobile-first, EVM-compatible PoW chain) and M Hash Layer2 (a high-throughput chain based on opStack with asynchronous consensus). Through hardware devices such as the MAGNE Phone, it enables users to contribute idle computing power in a decentralized manner and participate in network consensus, while also providing on-chain deployment, validation, pricing, and usage of AI models.
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About MAGNE.AI
MAGNE.AI is a Web3-native smartphone designed for secure crypto and AI usage. Its core business combines dedicated hardware (Phone Gen1) with on-device AI (including Google Gemini) and built-in wallet, dApps, and MHash Layer2 for swaps, staking, and bridging. The phone features a three-layer hardware wallet architecture (trusted execution, secure key isolation, encrypted NFC backup) to protect assets. It also integrates a native L1+L2 network for decentralized access. The main pain point it addresses is the lack of secure, convenient devices for managing digital assets and using AI privately. Traditional phones expose keys to software risks, while separate hardware wallets are inconvenient. MAGNE aims to unify security, AI, and Web3 access in one device. Over the past six months (2026-03 to 2026-09), the project has progressed from EVT P1 acceptance (Mar–Apr) to PVT P2 validation (Jun–Jul), with first delivery targeted for Jul–Aug and mass production ramp thereafter. No major negative events were reported in this period, aside from typical hardware development delays. The project is distinct from any similarly named entities.
MAGNE.AI's development path shows a clear progression from Web3 hardware to AI-native infrastructure. In terms of financing, the project completed a $10 million strategic round (participants include Becker, TBV, DuckDAO, Castrum) and later added $2.64 million (Gaea, Titans, Go2Mars), bringing total disclosed funding to $12.64 million. On the product front, Phone Gen1 has moved through Pre-EVT and EVT P1, currently in PVT P2 production validation, targeting first manufacturing in Q3 2026; FCC ID 2BVCPGC603606 covers cellular, Wi-Fi, Bluetooth, NFC, EMC, and SAR testing. The MAGNE AI BOX extends the project into enterprise edge AI, with a 56 TOPS INT8 NPU, 34GB/38GB memory configurations, and a public spec page that separates verified metrics from vendor claims. The Qwen3.6-35B-A3B Q4 K M model has completed first local verification, with Gate 1 prototypes planned for performance, power, thermal, offline, security, upgrade, and recovery testing. Agent Pay integrates x402 payment flows into device identity and hardware signing, with local demos and testnet evidence shown, though production payments remain unopened. Community operations saw 76,650 independent addresses in Season 1 and 1,600 active devices in Season 2, with participation fees and phone draw rules established. These milestones—funding, hardware validation, AI model verification, payment infrastructure, and community growth—form the foundation for MAGNE.AI's transition from phone maker to Agent economy infrastructure provider.
MAGNE.AI has made significant progress in the past six months (2026-03-01 to 2026-09-01). The company secured an additional $2.64 million in strategic funding, bringing total disclosed funding to $12.64 million, with participation from GAEA Ventures, Titans Ventures, and Go2Mars Labs.
On the product front, the Phone Gen1 entered the PVT P2 phase (March-April 2026), with mass-production validation ongoing. The MAGNE AI BOX is undergoing further engineering validation, focusing on local inference, private RAG, and multimodal processing. Key certifications were completed, including FCC, CP65, GMS, and Widevine L1, while the UN38.3 battery certification and CB certification (IEC 62133-2) were also secured.
Future development priorities include: completing engineering validation of MAGNE AI BOX, advancing production readiness and initial commercial delivery, integrating AI BOX identities with MAGNE L1, connecting AI-agent activity with MHash L2, developing MAGNE Agent Pay with x402-compatible transaction capabilities, and expanding the intelligent-device and developer ecosystem. First delivery is targeted for June-July 2026, with mass production ramp in July-August 2026.
Aaron Lun (CEO): Co-founder and CEO of Magne.AI. Previously led business and marketing strategy for Web3 and blockchain projects, with experience in fundraising and go-to-market execution. Background includes roles as a brand strategist and advisor for crypto initiatives. Education: Bachelor of Arts from Florida State University.
Melanie Croissant (CMO): Co-founder and Chief Marketing Officer of Magne.AI. Expert in full-funnel marketing, business development, and fundraising for Web3 and blockchain companies. Previously served as a lead brand strategist and strategic advisor for multiple crypto projects. Education: Bachelor of Arts from Florida State University.