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io.net, a decentralized physical infrastructure network (DePIN), recently launched its highly-anticipated Ignition program. This initiative is set to disrupt the AI industry by rewarding the io.net community with $IO tokens, which are poised to become the primary currency for AI compute.
Here, we discuss the launch, expansion of its decentralized GPU network, and economic and community impact of these initiatives.
Growth and Rewards
The Ignition program is designed to accelerate the growth of io.net Cloud and the IO Network, by incentivizing and rewarding network suppliers and community members for their valuable contributions. GPU suppliers earn rewards based on factors such as job hours completed, node bandwidth, GPU model, and uptime. The program will also retroactively consider supplier activity since the launch of io.net in November of 2023, ensuring that early adopters are recognized for their support.
Community members and project supporters can also participate in the Ignition program by completing daily and weekly quests hosted by Galxe, which began on March 1 2024 and will continue through April 28 of this year. To be eligible for community rewards, participants must follow io.net on X and join the io.net Discord server.
Vision and Valuation
Garrison Yang, Chief Marketing Officer of io.net, shared his thoughts on the Ignition program, stating, “The launch of Ignition feels electrifying. We clearly see the path ahead to decentralize the IO Network, thereby expanding user access to GPU resources around the world. Our goal is to empower and reward our network contributors, shifting control to the community and unlocking the massive potential of AI technology.”
The $IO token, which launched this month, has a staggering $1 billion token valuation due to its immense potential and the industry confidence surrounding its cost-efficient solution for GPU power. io.net raised an impressive $30 million from various venture capital firms.
Enhanced Access and Efficiency
IO Network, deployed on the Solana blockchain, is shifting the AI and ML industry. By aggregating underutilized GPU resources into scalable virtual clusters, io.net Cloud enables AI developers to instantly deploy price-competitive GPU clusters with unparalleled control over cluster type, host, location, GPU types, security level, and other crucial specifications. This decentralized approach democratizes access to GPU compute capacity while significantly reducing costs, expediting lead times, and expanding choice for engineers and businesses alike.
io.net is accelerating the growth of its ecosystem and creating real ownership among its users, driving innovation and adoption in the AI industry as more individuals recognize the potential of decentralized GPU networks.
Surpassing Traditional Clouds: io.net’s Future Vision
As the demand for GPU compute capacity continues to outpace the capacity available in traditional cloud services like AWS and Azure, io.net’s solution becomes increasingly vital: By harnessing the power of underutilized resources through a decentralized network, io.net paves the way for a more accessible, affordable, and efficient future for AI and ML applications.
To join the io.net community and contribute to the Internet of GPUs, visit io.net for details on the Ignition program, accessing compute capacity at reduced costs, or becoming a capacity supplier.
About io.net
io.net is a decentralized physical infrastructure network (DePIN) that deploys and manages on-demand, decentralized GPU clusters from geo-distributed sources. Hundreds of thousands of GPUs are accessible today in IO Network, and this Internet of GPUs is specifically architected for low latency, high processing demand use cases like AI/ML ops and cloud gaming. io.net democratizes access to GPU compute capacity while reducing costs, expediting lead times, and expanding choice for engineers and businesses. Access compute capacity for a fraction of the cost or become a capacity supplier at https://www.io.net
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Author Bio
Victoria Chynoweth is a leading journalist who has been in the Web3 space since 2017. She writes for Crypto Reporter, Bitcoin Insider, Coin Checkup, and Coinspeaker. To connect with Victoria, message her on LinkedIn: https://www.linkedin.com/in/victoria-chynoweth/
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