Discussion of a rate cut may be discussed for the first time at the current Fed meeting. Wall Street Journal reporter Nick Timiraos wrote on the This shows that the market is increasingly calling for interest rate cuts, and a bull market may be just around the corner. We should deploy high-quality targets as early as possible, such as the governance and utility token $IO of io.net, which I have always been optimistic about.
io.net is currently the largest GPU DePIN platform, and its two rounds of private financing were led by Multicoin Capital and Hack VC respectively. The $IO token was launched on Binance on June 11, 2024. In the third quarter of 2024, the IO Foundation will launch Staking, requiring GPU nodes to pledge $IO to ensure the stability and quality of the GPU, further improve the quality of network hardware, and enrich the use scenarios of $IO tokens.
Compared with other DePIN computing projects, io.net focuses on GPU computing capabilities, and its GPU network scale is more than 100 times ahead of similar projects. io.net is the first in the blockchain industry to integrate advanced ML technology stacks (such as Ray clusters, Kubernetes clusters, and giant clusters) into the GPU DePIN project and put it into large-scale application, which makes it a leader in the number of GPUs and technology applications and model training. are in a leading position in terms of capabilities.
With the continuous development of io.net, if the GPU capacity can be increased to 500,000 concurrent GPUs across the entire network to compete with centralized cloud service providers, it will be able to provide services similar to Web 2 at a lower cost, and it is expected that through The close cooperative relationship established by major DePIN and AI players (such as Render Network, Filecoin, Solana, Ritual, etc.) has gradually established its core position in this field, becoming the leader and settlement layer of the decentralized GPU network, and providing a solid foundation for the entire Web 3xAI ecosystem. Energize.