Feyd Rautha

Solana-based DePIN io.net hits $1 billion token valuation in latest funding round theblock.co/post/280665/sola…

🤝 @laurashin @Unchained_pod

Over $400K in Worker earnings (just $100K in the last 21 days) in just four short months since launch. 40,000+ Workers in the network and over 3,800 GPU clusters deployed. AI/ML companies can create clusters of up to tens of thousands of GPUs for both model training AND inferencing.

What makes @ionet_official different from other GPU aggregators on the market? @ionet_official's ability to form decentralized clusters by aggregating GPUs across multiple locations. Without clustering, it would be virtually impossible to train today's machine learning models, which are highly complex. This creates the opportunity for a 'structural arbitrage', allowing @ionet_official to offer unmatched cost efficiency and low latency GPU compute up to 90% cheaper than the competition.

Thanks for the coverage @The_NewsCrypto! @ionet_official raises $30M in funding to build the largest decentralized GPU network ever, solving the shortage of AI compute. The Series A round was led by @hack_vc, who were joined by @multicoin, @solanalabs, and more. Industry leaders such as Anatoly Yakovenk, founder of @solana, and founders of @Aptos, Mo Shaikh and Avery Ching, also participated in the funding round. Deep-dive into the full article by @The_NewsCrypto here: thenewscrypto.com/ai-focused…

That's a wrap on @LEAPandInnovate 2024! The io.net team made a splash at the largest annual tech conference in Saudi Arabia this year, from kicking off a partnership with @TheSandboxGame to building an even larger base of suppliers and customers for the network. Watch the highlights from the event below! We look forward to seeing you at our next event - Token2049 in Dubai!

Solving the compute shortage with the largest decentralized, geo-distributed compute network. Let's bring AI to the world.