As anticipated, retail investors are panicking while institutional investors are capitalizing on the situation. Retail investors sold off their stocks yesterday, providing an opportunity for ETF institutions to buy in. Farside Investors reported that Fidelity FBTC saw a net inflow of $117.4 million yesterday, indicating continued institutional confidence in the approaching bull market.
One such promising target is IO, which I have long been optimistic about. $IO is poised to become a frontrunner in the decentralized infrastructure (DePIN) space. Unlike other DePIN computing projects, io.net focuses on GPU computing power and boasts a GPU network that is over 100 times larger than its competitors. Moreover, io.net is the first in the blockchain industry to incorporate advanced machine learning technologies such as Ray clusters, Kubernetes clusters, and giant clusters into the GPU DePIN project, applying these at scale.
As io.net continues to expand, if it can scale up to 500,000 concurrent GPUs across its network, it could rival centralized cloud service providers by offering comparable services at a lower cost. By collaborating closely with major DePIN and AI players like Render Network, Filecoin, Solana, and Ritual, io.net has the potential to become the leading entity and settlement layer in the decentralized GPU network, thereby invigorating the entire Web 3xAI ecosystem.
The $IO Coin's initial launch (TGE) on Binance Launchpool on June 11 marks a significant milestone for the io.net ecosystem, promising rapid advancement. The $IO token is poised to become a dominant force in its field, which is why I am steadfastly investing in it. Recently, UWEB and JDI Global released the highly anticipated "2024 DePIN Development Report," which delves into the revolutionary impact of distributed physical infrastructure networks (DePIN) on the digital economy and forecasts its future trends.
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