1 With io.net completing the $IO Coin initial launch (TGE) on June 11 in Binance Launchpool, what potential and opportunities do you think the future io.net ecosystem and $IO tokens will have?
Since the debut of OpenAI’s ChatGPT in November 2022, interest around generative AI and its applications has expanded significantly into the cryptocurrency space, which seeks to combine AI with blockchain technology. As the demand for artificial intelligence and machine learning intensifies, there is a significant shortage of cloud GPU resources, estimated to be two to three times the current global capacity.
In today’s digital age, decentralization and cryptocurrencies play an important role. Decentralized cloud computing is at the forefront of this revolution. Here, IO Token emerges as an important part of the ecosystem. IO is a cryptocurrency designed for use within the io.net ecosystem. In addition, Io.net also provides a decentralized GPU network. This network evaluates unused computing resources and aims to alleviate the global GPU shortage. Developers built Io.net in November 2023, offering more than 19,000 GPUs and more than 6,000 CPUs. In addition, they have added another 2,000 GPUs from shared networks such as Render Network and Filecoin. The program increases resources by utilizing idle computing power so that projects and applications can more efficiently access necessary resources.
2What do you think of the decentralized infrastructure (DePIN) track?
The Internet has revolutionized communication and information acquisition. Now, Web3 promises to usher in a new era of decentralization, empowering users like never before. At the forefront of this shift is the Decentralized Physical Infrastructure Network (DePIN), which aims to transform the ownership and management of critical infrastructure such as data centers, communication towers and power grids.
Using blockchain technology, DePIN creates, manages and operates physical hardware in a decentralized manner, allowing for seamless collaboration without the need for a central authority. These projects have become crucial in the blockchain and cryptocurrency space, with their combined market capitalization recently exceeding $30 billion, according to CoinGecko. Their growth is concentrated in areas such as computing, storage and artificial intelligence, with most running on blockchains such as Ethereum, while others such as IoTeX are focused on the Internet of Things (IoT).
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