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- Binance pronounces IO.NET as its fifty fifth Launchpool venture, providing AI computing energy.
- IO.NET companions with Aptos to create a safer, sooner blockchain for AI functions.
- IO.NET goals to democratize AI compute energy, providing scalable GPU entry by way of decentralized cloud computing.
Binance launched its newest Launchpool venture, IO.NET (IO), a decentralized AI computing and cloud platform. This marks the fifty fifth venture on Binance Launchpool, enabling customers to farm IO tokens by staking BNB and FDUSD.
Binance will listing IO tokens with an preliminary circulating provide of 95 million IO, comprising 19% of the entire preliminary token provide. The full token provide at genesis stands at 500 million IO, with a most token provide of 800 million IO. Customers can stake their BNB and FDUSD in separate swimming pools to earn IO tokens. With 17 million IO tokens allotted to the BNB pool and three million IO tokens allotted to the FDUSD pool, the farming interval will run from June 7 to June 10, 2024.
Ahmed, the CEO of ION, introduced that IO.NET goals to revolutionize the AI computing business with the introduction of the Web of GPUs (IOG), the world’s largest AI compute community. This community is designed to supply seamless entry to GPU compute energy, making it as accessible because the web. The platform emphasizes democratized and permissionless entry to AI computing assets, positioning compute energy as a central forex inside its ecosystem.
In a associated improvement, IO.NET has partnered with Aptos to construct a safer, sooner, and extra environment friendly blockchain for AI functions. Aptos’s infrastructure helps excessive transaction charges and scalability, important for the AI computing calls for that IO.NET goals to satisfy. This collaboration goals to reinforce the technical capabilities of IO.NET, guaranteeing it could actually deal with the surging demand for AI compute energy.
IO.NET has secured over $40 million in Collection A funding, demonstrating robust assist from key traders. This funding will assist the platform’s progress and improvement, reinforcing its mission to supply scalable and reasonably priced AI compute energy. Endorsement from tech and Web3 business leaders additional validates IO.NET’s potential to disrupt the AI computing market.
The demand for AI compute energy, at the moment 2.5 occasions larger than the obtainable provide, has highlighted a transparent want for scalable options. Conventional cloud suppliers are struggling to satisfy this demand, which has led to the rise of decentralized cloud computing as a viable different. IO.NET addresses this drawback by offering extra GPUs at decrease prices, making AI computing energy extra accessible and reasonably priced.
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