$IO In a world where AI and machine learning drive technological advancements, the demand for GPU capacity is skyrocketing. Enter io.net, a revolutionary player addressing this challenge by building the largest decentralized GPU cloud network. By tapping into a distributed network of GPUs from independent data centers, crypto miners, and gamers, io.net is poised to transform the landscape of AI and GPU-intensive workloads.
The Backbone of io.net: A Decentralized GPU Network
io.net’s decentralized GPU network is a game-changer. With over 200,000 verified GPUs, including 20,000 top-tier AI cards like H100, A100, and L40s, io.net offers unparalleled computing power. This massive network supports a variety of applications, from AI training and inference to graphics rendering and blockchain validations.
Since its launch in November 2023, IO.NET has emerged as a pivotal player at the intersection of crypto, AI, and decentralized physical infrastructure networks (DePIN). Addressing the global GPU shortage, IO.NET leverages underutilized computing power from data centers, crypto miners, and consumer GPUs, amassing nearly 19,000 GPUs and over 6,000 CPUs. The network, which partners with Render Network and Filecoin, allows users to manage GPU resources via IO Cloud, built on Ray. Payments can be made using crypto or credit cards, with the native IO token offering fee-free transactions. The IO tokenomics include a significant community allocation, with 95M tokens initially circulating out of a total supply of 800M, designed to incentivize suppliers and maintain network sustainability through a disinflationary model and token buyback and burn strategy.
$IO: Fueling the Ecosystem
The IO token is central to io.net’s ecosystem. Following its successful listing on Binance on June 11, 2024, and funding rounds led by Multicoin Capital and Hack VC, IO positioned itself as a key player in the crypto space. The upcoming IO restaking initiative in Q3 2024 is set to enhance network quality and further empower the token.
Embracing Decentralized Infrastructure: The Promise of DePIN
Decentralized Physical Infrastructure Networks (DePIN) are at the core of io.net's mission. By utilizing underutilized GPU resources from diverse sources, io.net exemplifies how DePIN can democratize access to high-performance computing. This approach not only addresses the GPU shortage but also makes advanced AI applications more accessible and affordable.
io.net has significantly expanded its GPU infrastructure through a partnership with Aethir, integrating over 300 NVIDIA H100 GPUs with plans to deploy 1,000 by the end of May. This collaboration triples the available H100 GPUs compared to competitors like Akash, enhancing io.net’s computational power for AI training and large-scale simulations. This move, combined with Aethir’s supply of 4,000 NVIDIA H100s, positions io.net as a leader in decentralized computing, aiming to democratize and make supercomputing more accessible and cost-effective.
Building a Thriving Community and Ecosystem
A strong community underpins io.net’s success. With over a million wallet addresses receiving IO rewards through the Ignition Rewards program, the community continues to grow. Projects within the ecosystem are exploring innovative directions, including compute tokenization, DePIN full stack, and DePIN-Fi. This community-driven growth is crucial for the sustainable development of io.net and the broader adoption of decentralized GPU networks (HackerNoon).
Pioneering Future Opportunities
The completion of the IO Coin Initial Offering (TGE) on Binance Launchpool marks a pivotal moment for io.net. The platform’s ability to harness decentralized computing power uniquely positions it to meet the rising demand for AI and machine learning resources. As more developers and projects recognize the benefits of decentralized GPU networks, io.net is set to become a cornerstone of the AI and blockchain ecosystems.
In my point of view
The future of $IO and the io.net ecosystem is bright with possibilities. By addressing the GPU shortage through a decentralized approach, io.net not only enhances the availability of computing power but also paves the way for a new era of AI and blockchain integration.
Knowing the investors and people behind io.net project
Solana ventures
6MV
HACKVC
Multicoin Capital
Protagonist
Amber
Foresight Ventures
Arcstream capital
SevenX ventures
Parc capital
Moonhill capital
Delphi digital
M13
Longhash
Animoca brands
Continue Capital
M-1 ventures
Web3 ventures
Wagmi ventures studio
Springs Capital
& Partola Spring Capital (a cryptocurrency investment fund)
"Angel investors" are the people who help to develop io.net
Solana labs( Anatomy Yakovenko )
Aptos labs ( Mo Shaikh & Avery Ching )
Animoca labs ( Yat Sui )
Sandbox labs ( Sebastien Borget )
in my own opinion, the people behind the project are very credible and well knowledgable and established into the said project and crypto space 🚀
