- Binance pronounces IO.NET as its fifty fifth Launchpool challenge, providing AI computing energy.
- IO.NET is partnering with Aptos to create a safer and quicker blockchain for AI functions.
- IO.NET goals to democratize AI computing energy, providing scalable GPU entry by means of decentralized cloud computing.
Binance has launched its newest Launchpool challenge, IO.NET (IO), a decentralized AI computing and cloud platform. That is the fifty fifth challenge on the Binance Launchpool, which permits customers to farm IO tokens by staking BNB and FDUSD.
Binance will launch IO tokens with an preliminary circulating provide of 95 million IOs, representing 19% of the full preliminary token provide. The full token provide in genesis is 500 million IO, with a most token provide of 800 million IO. Customers can stake their BNB and FDUSD into separate swimming pools to get IO tokens. With 17 million IO tokens allotted to the BNB pool and three million IO tokens allotted to the FDUSD pool, the farm interval will run from June seventh to June tenth, 2024.
Ahmed, CEO of ION, introduced that IO.NET goals to revolutionize the AI computing trade by introducing the Web of GPUs (IOG), the world's largest AI computing community. This community is designed to supply seamless entry to GPU computing energy, making it as accessible because the Web. The platform emphasizes democratized permissionless entry to AI computing assets and positions computing energy because the central foreign money inside its ecosystem.
In a associated improvement, IO.NET has partnered with Aptos to construct a safer, quicker and extra environment friendly blockchain for AI functions. Aptos' infrastructure helps excessive transaction speeds and scalability, which is important for the AI computing calls for that IO.NET is attempting to satisfy. This collaboration goals to enhance IO.NET's technical capabilities and guarantee it will probably deal with the rising demand for AI computing energy.
IO.NET has secured greater than $40 million in Sequence A funding, demonstrating robust assist from key traders. This funding will assist the expansion and improvement of the platform and strengthen its mission to supply scalable and inexpensive AI computing energy. Help from main tech and internet 3 industries additional validates IO.NET's potential to disrupt the AI market.
Demand for AI computing energy, presently 2.5 occasions greater than obtainable provide, has highlighted the clear want for scalable options. Conventional cloud suppliers wrestle to satisfy this demand, which has led to the rise of decentralized cloud computing as a viable various. IO.NET solves this drawback by offering extra GPUs at a decrease price, making AI computing energy extra accessible and inexpensive.
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