Why io.net on Solana Is a Big Deal: Get Ready for The Next Big Thing in DePIN Innovation!
DePIN: The Next Big Narrative
DePIN has a huge potential to transform industries into decentralized infrastructure. With the blockchain technology and involvement of community, DePIN can lower costs, increase efficiency, and promote expansion of a project. Token incentivized attract people to provide hardware which offers services to other people. People that become “Supplier” earning token for providing hardware to people that become “Consumer”. In general, the consumers of the DePIN are corporations that have to invest a considerable amount of money, time, and energy to build and maintain physical infrastructures.
What is io.net?
Io.net is Solana based decentralized network, basically, they’re making computing super scalable, easy to access, and efficient. They have a big goal to gather over 1 million GPUs from various sources like data centers, crypto miners, and projects like Filecoin and Render, ensuring fair access to computing power for everyone.
Io.net aggregating GPUs from underutilized sources such as independent data centres, crypto miners, and crypto projects. These resources are combined within a Decentralized Physical Infrastructure Network (DePIN), giving engineers access to massive amounts of computing power in a system that is accessible, customizable, cost-efficient and easy to implement.
Io.net have a massive market in DePIN for anyone looking to create or operate an ML model or AI app. Given the explosion of “no-code tools” like Predibase and user-friendly model creation platforms like Hugging Face.
Reasons Why io.net will be Future Giant of DePIN
Raised $30M in Funding at $1 Billion Valuation
Io.net has raised $30M by big player in crypto industries to build the largest decentralized GPU network in the world and solve the AI compute shortage. Prominent industry leaders also joined the funding round, including Solana founder Anatoly Yakovenk, Aptos founders Mo Shaikh and Avery Ching, Yat Siu of Animoca Brands, Sebastien Borget of The Sandbox, and Jin Kang of Perlone Capital.
Sandbox Partnership
By 11th March 2024 through their X account, Io.net announced their partnership with Sandbox which is one of the biggest metaverse game in this space to building an even larger base of suppliers and customers for the network.
Apple Silicon Chips Integration
By 21 February 2024 through their X account, io.net announced that Apple Silicon Chips is now supported by io.net. Consumer of Apple M1 / M2 / M3 chips are supported by io.net and are eligible to receive boosted reward in the Ignition Program.
More than 40,000 Workers
Io.net reached 40,000+ Workers in the network and over 3,800 GPU clusters deployed, and still growing. By 8th March 2024, there are over $400K in Worker earnings (just $100K in the last 21 days) in just four short months since launch.
Built on Solana
If you’ve been a while on crypto industries, i’m sure you know that beside it’s awesome technology, Solana is the biggest, supportive, and most fun community. Towards the end of January 2024, Solana recorded 875,940 active users, the highest on the network since it was established in 2020. Biggest DePIN meets biggest community, imagine that.
Ignition Program
Ignition program is an airdrop campaign by io.net to provides rewards for community members as they explore io.net, engage with the community, and support the growth of the network. There are 3 ways to join ignition program, Become a Worker, Performing Galxe Quest, and Social Engagement. More details about Ignition Program here.
Those are powerful reasons why i am so bullish of io.net, they have plan to launch their tokenomics very soon, maybe a week or two. Io.net might be our starting point into DePIN revolution journey, we are still on early stage.
HAPPY EARNINGS😍!.
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