According to ChainCatcher, Solana ecosystem DePIN protocol io.net announced the completion of a US$30 million Series A financing round, led by Hack VC, with participation from Multicoin Capital, 6th Man Ventures, M13, Delphi Digital, Solana Labs, Aptos Labs, Foresight Ventures, Longhash, SevenX, ArkStream, Animoca Brands, Continue Capital, MH Ventures and OKX, as well as industry leaders including Solana founder Anatoly Yakovenk, Aptos founders Mo Shaikh and Avery Ching, Animoca Brands’ Yat Siu, and Perlone Capital’s Jin Kang.

It is reported that the funds raised will be used to build the world's largest decentralized GPU network and solve the shortage of AI computing.