Io.net: Revolutionizing AI Computing with $30 Million Series A Funding
A groundbreaking project called Io.net, operating on the Solana blockchain, has recently secured a substantial $30 million in Series A funding. This achievement has propelled the project’s token valuation to an impressive 1 billion dollars. The primary aim of Io.net is to establish the largest decentralized GPU network globally and address the existing AI computing scarcity.
The Impressive Series A Funding Round for Io.net
– Io.net, a DePIN project on the Solana Blockchain, has successfully raised $30 million in its latest Series A funding round.
– The funding round reached a token valuation of 1 billion dollars.
– Hack VC led the Series A round, with participation from Multicoin Capital, 6th Man Ventures, M13, Delphi Digital, Solana Labs, and others.
– Notable industry leaders such as Solana founder Anatoly Yakovenk, Aptos founders Mo Shaikh and Avery Ching, Animoca Brands’ Yat Siu, The Sandbox’s Sebastien Borget, and Perlone Capital’s Jin Kang also contributed to the funding.
Exploring the DePIN Project on Solana Blockchain by Io.net
– Io.net focuses on providing GPU computing power through its DePIN project on the Solana blockchain.
– The project aggregates GPU resources for AI and ML companies at reduced costs and faster delivery times.
– Launched in November, Io.net claims to have over 25,000 GPUs and processed 40,000 hours of computation for AI and ML firms.
– Utilizing the Solana blockchain allows Io.net to offer transparent proof of computation and visibility into all transactions between providers and consumers.
– The native token IO will be launched on April 28, 2024, providing a unified transaction experience and incentive mechanisms for network participants.
Coca Cola HBC Embraces ALL.ART on Solana Blockchain
– Coca Cola HBC has selected ALL.ART on the Solana blockchain for verifying internal training certificates of employees.
– Employees completing the Coca-Cola Digital Academy training program will receive NFTs on Solana through ALL.ART.
– By leveraging ALL.ART, Coca Cola HBC stores qualifications on the blockchain to ensure authenticity and combat potential data manipulation or counterfeiting.
Hot Take: Embracing Innovation in Crypto Space
In conclusion, projects like Io.net and initiatives by companies like Coca Cola HBC showcase the growing adoption of blockchain technology in various sectors. The significant investment in Io.net highlights the potential for decentralized solutions in addressing complex challenges such as AI computing scarcity. As more organizations explore blockchain applications like NFTs for certificate verification, it signals a broader acceptance of digital innovations in traditional industries.
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