io.net Showcases Decentralized Infrastructure Network at IO Summit
Tuesday, June 4, 2024 3:08 PM
49
At the IO Summit, io.net unveiled its decentralized physical infrastructure network, demonstrating recent achievements and future plans. The June 4 keynote featured CEO Ahmad Shadid and notable guests like Solana’s Anatoly Yakovenko. io.net raised $30M in Series A funding, increasing its valuation and adoption. Shadid expressed excitement about scaling the internet of GPUs, launching io.net Cloud, and meeting demand for a scalable Decentralized Physical Infrastructure Network (DePIN). The team also shared updates on developing utilities for DePIN.
Related News
a day ago
Earning Rewards with Roam's Decentralized WiFi NetworkRoam is a decentralized network that transforms WiFi into a tool for earning rewards and contributing to a global infrastructure. It integrates millions of WiFi spots into a unified network, enhancing accessibility and offering a dynamic reward system for users. By using Roam, individuals can earn R
3 days ago
Decentralized Smartphone APhone Boosts Capacity with Aethir PartnershipAPhone and Aethir have introduced a new scaling solution that significantly reduces costs and enhances the performance of decentralized smartphones. The solution is expected to increase APhone’s user capacity tenfold and provide substantial scalability for the decentralized physical infrastructure (
3 days ago
Crypto Market Calm Before Potential Bull RunThe crypto market is currently calm, with altcoins at an advantageous entry point for potential growth. Trends such as Real World Assets, Decentralized Physical Infrastructure Networks, and AI coins are gaining attention. CYBRO's presale has reached $1.3 million, offering investors significant retur
3 days ago
DePIN: The New Era of Decentralized InfrastructureThe emergence of Web3 is revolutionizing the access to computing power and storage, altering the internet's foundational connectivity. DePIN, shorthand for 'Decentralized Physical Infrastructure Networks', is a novel approach to managing infrastructure through blockchain, enhancing transparency, sec
4 days ago
InfStones Launches Node-as-a-Service for DePINsInfStones, a prominent blockchain infrastructure provider, has introduced a Node-as-a-Service (NaaS) product, simplifying the process of setting up nodes for Decentralized Physical Infrastructure Networks (DePINs). This innovative solution allows users to engage with DePIN communities effortlessly,
9 days ago
Decentralized Wireless Networks Emerge Amid Telecom Debt CrisisTelecommunication companies face a daunting $250 billion debt burden for 5G infrastructure, leading to a slow buildout and a shift towards decentralized wireless networks. DeWi networks leverage community-driven collaboration, incentivizing individuals to provide bandwidth and monetize their interne