io.net's core business revolves around decentralized AI computing power, and the decentralized infrastructure (DePIN) track it is in is in the explosive stage! Its biggest competitors are traditional cloud service providers represented by AWS, Google Cloud, and Microsoft Intelligent Cloud Business (represented by Azure). The global artificial intelligence computing market is expected to grow from US$19.5 billion in 2022 to US$34.66 billion in 2026.
Currently, io.net has a total of more than 40K GPU clusters, a total of more than 5,600 CPUs, more than 69K Woker Nodes, and a deployment time of less than 90s for 10,000 GPUs. The price is 90% cheaper than competitors and is valued at US$1 billion. io.net not only provides customers with a low price of 1-20% compared to centralized cloud service providers and instant online services without permission, but also provides additional startup incentives for computing power providers through the upcoming IO token, helping to achieve the goal of connecting 1 million GPUs.
Compared with other DePIN computing projects, io.net focuses on GPU computing power, and the scale of its GPU network is more than 100 times ahead of similar projects. io.net is also the first in the blockchain industry to integrate the most advanced ML technology stack (such as Ray clusters, Kubernetes clusters, and giant clusters) into the GPU DePIN project and put it into large-scale practice, which makes it a leader not only in the number of GPUs, but also in the ability to apply technology and train models.
As io.net continues to develop, if it can increase its GPU capacity 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 have the opportunity to gradually establish its core position in the field through close cooperation with major DePIN and AI players. Become the leader and settlement layer of the decentralized GPU network and bring vitality to the entire Web 3xAI ecosystem.
$IO is the governance and utility token used by io.net. The $IO token has been launched on Binance on June 11, 2024. In the third quarter of 2024, the IO Foundation will launch $IO Staking, requiring GPU nodes to stake $IO as a guarantee of GPU stability and quality, thereby further improving the quality of network hardware and enriching the use scenarios of $IO tokens. I am personally very optimistic about the upside potential of $IO tokens, and it may even become another 100x coin, which is worth ambush.