Why io.net on Solana Is a Big Deal: Get Ready for The Next Big Thing in DePIN Innovation!

DePIN: The Next Big Narrative

DePIN, Decentralized Physical Infrastructure Network is the name for blockchain networks that use tokens to incentivise communities (not corporations) to build physical infrastructure networks. Or in simple terms DePIN is a bridge between physical world and blockchain world. DePIN bringing people together to collectively participate in building and managing physical infrastructure projects. Anyone can join in and contribute their skills or resources to different parts of the project. DePIN utilize blockchain technology and tokenization to coordinate and incentivize the crowd sourcing phase of the infrastructure projects.
DePIN has a huge potential to transform industries into decentralized infrastructure. With the blockchain technology and involvement of community, DePIN can lower costs, increase efficiency, and promote expansion of a project. Token incentivized attract people to provide hardware which offers services to other people. People that become “Supplier” earning token for providing hardware to people that become “Consumer”. In general, the consumers of the DePIN are corporations that have to invest a considerable amount of money, time, and energy to build and maintain physical infrastructures.

What is io.net?

Io.net is the first and only GPU DePIN. They are aim optimized for machine learning but suitable for all GPU use cases as io.net connect computing power providers with users to offer accessibility and profit for everyone involved.
Io.net is Solana based decentralized network, basically, they’re making computing super scalable, easy to access, and efficient. They have a big goal to gather over 1 million GPUs from various sources like data centers, crypto miners, and projects like Filecoin and Render, ensuring fair access to computing power for everyone.
Io.net aggregating GPUs from underutilized sources such as independent data centres, crypto miners, and crypto projects. These resources are combined within a Decentralized Physical Infrastructure Network (DePIN), giving engineers access to massive amounts of computing power in a system that is accessible, customizable, cost-efficient and easy to implement.
Io.net have a massive market in DePIN for anyone looking to create or operate an ML model or AI app. Given the explosion of “no-code tools” like Predibase and user-friendly model creation platforms like Hugging Face.

Reasons Why io.net will be Future Giant of DePIN

Dive deeper into io.net, there are some reasons for io.net to lead DePIN era. These reason very worth your attention, and i’m sure after knowing this you’ll interested to contribute and be part of io.net

Raised $30M in Funding at $1 Billion Valuation

Io.net has raised $30M by big player in crypto industries to build the largest decentralized GPU network in the world and solve the AI compute shortage. Prominent industry leaders also joined the funding round, including Solana founder Anatoly Yakovenk, Aptos founders Mo Shaikh and Avery Ching, Yat Siu of Animoca Brands, Sebastien Borget of The Sandbox, and Jin Kang of Perlone Capital.

Sandbox Partnership

By 11th March 2024 through their X account, Io.net announced their partnership with Sandbox which is one of the biggest metaverse game in this space to building an even larger base of suppliers and customers for the network.

Apple Silicon Chips Integration

By 21 February 2024 through their X account, io.net announced that Apple Silicon Chips is now supported by io.net. Consumer of Apple M1 / M2 / M3 chips are supported by io.net and are eligible to receive boosted reward in the Ignition Program.

More than 40,000 Workers

Io.net reached 40,000+ Workers in the network and over 3,800 GPU clusters deployed, and still growing. By 8th March 2024, there are over $400K in Worker earnings (just $100K in the last 21 days) in just four short months since launch.

Built on Solana

If you’ve been a while on crypto industries, i’m sure you know that beside it’s awesome technology, Solana is the biggest, supportive, and most fun community. Towards the end of January 2024, Solana recorded 875,940 active users, the highest on the network since it was established in 2020. Biggest DePIN meets biggest community, imagine that.

Ignition Program

Ignition program is an airdrop campaign by io.net to provides rewards for community members as they explore io.net, engage with the community, and support the growth of the network. There are 3 ways to join ignition program, Become a Worker, Performing Galxe Quest, and Social Engagement. More details about Ignition Program here.
Those are powerful reasons why i am so bullish of io.net, they have plan to launch their tokenomics very soon, maybe a week or two. Io.net might be our starting point into DePIN revolution journey, we are still on early stage.

HAPPY EARNINGS😍!.

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