io.net functions on DePIN, which stands for Decentralized Physical Infrastructure Network.
It is a blockchain network that uses tokens to incentivize communities, rather than corporations, to build physical infrastructure networks.
io.net is a network that has many salient features like ease of use and quick setup built under the Solana blockchain.
Traded on decentralized exchanges, io.net has been getting a lot of attention from a future-oriented perspective.
A network that is significantly secure and accessed easily by the platform will surely hit the market with a spike in the future.
Will the words of experts come true? Will io.net spike the charts in the future?
What is io.net (IONET)?
Io.net is the first and only GPU DePIN. It is aimed at being optimized for machine learning but suitable for all GPU use cases.
Io.net connects computing power providers with users to offer accessibility and profit for everyone involved.
io.net Cloud is a decentralized computing network that provides machine learning engineers with access to scalable distributed clusters at a fraction of the cost of centralized services.
The platform accomplishes this by utilizing the power of the Solana blockchain to conduct verifications directly on the chain. This project aims to reduce costs and improve execution efficiency.
io.net is doing well despite the global shortage of GPU chips. It claims to have grown to 25,000 GPUs in scale and has finished 40,000 hours of computation for different AI and ML companies.
Enables AI and ML companies to save up to 90% on computing costs compared to traditional cloud services like Google Cloud, AWS, or Azure, creating a better platform.
IONET Token, the native token that powers the Io.Net. The tokens can be traded using decentralized exchanges.
The most popular exchange for IO is Uniswap V2 on Ethereum, with the IO/WETH pair having a $227.81 trading volume in the last 24 hours.
The future of io.net (IONET) Token
The future of io.net paves a crystal clear path to success vouched by the milestones it has achieved in recent times.
The io.net has also come to strategic partnership terms with the Aethir to expand decentralized computing infrastructure, which will contribute 1000 powerful NVIDIA GPUs to the io.net.
This has brought to the thought of io.net being a global force in providing decentralized computing services and enhancing blockchain and AI computing capabilities.
Io.net has secured $30 million in funding from prominent entities within the cryptocurrency industry to establish the world’s largest decentralized GPU network, aiming to address the global AI compute shortage.
Notable participants in the funding round include Anatoly Yakovenko, the founder of Solana, as well as Mo Shaikh and Avery Ching, the founders of Aptos.
Additionally, Yat Siu of Animoca Brands, Sebastien Borget of The Sandbox, and Jin Kang of Perlone Capital have also contributed to this initiative. This exhibits a major growth in the future of the network.
Conclusion
Being the first GPU DePIN, io.net has a lot in its pocket. The current scenario portrays a successful run in the io.net project, especially the number of GPUs it has secured and the partnerships it has made.
The high funding from prominent entities also cannot go unnoticed.
The io.net also consists of a mass worker count, with a whopping 60,000 workers. Making almost $600,000 in earnings from the network in the past few months since its launch.
Another major strike point is the base of the Solana blockchain. Solana is one of the biggest and most supportive blockchain communities.
It has the highest number of users as well. This can raise a crucial turn up the future of the network.
Apart from all this io.net has made ties with metaverse game entity Sandbox, to build even larger suppliers and customers for the network.
This makes it clear how big io.net is aiming to achieve. Anyone with basic knowledge of blockchain and digital currency can easily read out how huge this will be.
Truly io.net (IONET) Token, targets new heights in the crypto space, as the facts speak clearly of it.
Disclaimer: These are not financial or investment suggestions. Conducting research before investing is vital to understand the market of the network.
