Solana, a new AI computing startup: io.net
Token name: IO
Total Tokens: 1 billion
Expected launch: Binance and OKEx in the second quarter of 2024
Lock-up mechanism: Lock-up for three months, followed by linear release over 12 months
Track: AI Depin
Investment agency:
Multicoin Capitală6th Man VenturesăM13ăDelphi DigitalăForesight VenturesăAnimoca BrandsăContinue CapitalăSolana VenturesăAptosăLongHash VenturesăSevenX VenturesăArkStream CapitalăMH VenturesăOKX VenturesăAmber GroupăModular CapitalăMo ShaikhăAvery ChingăYat SiuăJin KangăAnatoly YakovenkoăSebastien Borget
project financing:
io.net has conducted a total of one round of financing so far. This round of financing occurred in the Series A financing on March 5, 2024, completing a financing amount of US$30 million, led by Hach VC.
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 aggregation GPUs from underutilized resources such as independent data centers, crypto miners, and crypto projects such as Filecoin and Render are used to solve this problem, combined in the Decentralized Physical Infrastructure Network (DePIN) to enable engineers to Get massive amounts of computing power in an accessible, customizable, cost-effective, and easy-to-implement system.
Project highlights:
The IO project covers some currently popular 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
