Solana, a new AI computing powerhouse: io.net

Token Name: IO

Total Tokens: 1 billion

Expected launch: Binance and OKEx in the second quarter of 2024

Track: AI Depin

Project Description:

io.net is a decentralized computing network that enables the development, execution, and scaling of ML applications on the Solana blockchain, combining 1 million GPUs to form the world’s largest GPU cluster and DePIN.io.net solves this problem by aggregating GPUs from underutilized resources such as independent data centers, crypto miners, and crypto projects such as Filecoin and Render, which are combined in the Decentralized Physical Infrastructure Network (DePIN) to give engineers access to massive amounts of computing power in a system that is accessible, customizable, cost-effective, and easy to implement.

Investment agency:

Multicoin Capital、6th Man Ventures、M13、Delphi Digital、Foresight Ventures、Animoca Brands、Continue Capital、Solana Ventures、Aptos、LongHash Ventures、SevenX Ventures、ArkStream Capital、MH Ventures、OKX Ventures、Amber Group、Modular Capital、Mo Shaikh、Avery Ching、Yat Siu、Jin Kang、Anatoly Yakovenko、Sebastien Borget

project financing:

io.net has completed one round of financing so far, which was the Series A financing on March 5, 2024, with a financing amount of US$30 million, led by Hach VC

Project highlights:

The IO project covers some of the current hot vertical fields: AI + DePin + Solana. io.net Cloud is an advanced decentralized computing network that allows machine learning engineers to access distributed cloud clusters at a much lower cost than centralized services.