Io.net Hosts Keynote at IO Summit, Announces Funding and Developments
Wednesday, June 5, 2024 6:36 PM
24
io.net, a decentralized physical infrastructure network, held a keynote at the IO Summit, updating the community on its recent milestones and development plans. The event featured presentations by CEO Ahmad Shadid and other leaders, as well as high-profile guests like Anatoly Yakovenko and Dr. Avery Ching. The keynote highlighted io.net’s recent $30 million Series A funding round and its growing adoption. io.net aims to democratize GPU compute capacity, reducing costs and expanding choices for businesses and engineers. The team also revealed details of key utilities being developed for its DePIN.
Related News
5 hours ago
DePin Sector Update: ATOR Rebrands, Verida Raises Funds, Synternet Launches MainnetDecentralized Physical Infrastructure Networks (DePin) are making waves in the tech industry by facilitating decentralized projects in real-world infrastructure. ATOR Protocol has rebranded to Anyone, aiming to make internet privacy a standard for all users with its new Anon network. Meanwhile, Veri
12 hours ago
Nubila Secures $2.5 Million in Funding for ESG Data Oracle ExpansionNubila, a leading data oracle in the Decentralized Physical Infrastructure Network (DePIN) ecosystem, has initiated a fundraising round. The round is led by IoTeX and VeChain, along with the Boston Consulting Group, and has attracted participation from a diverse group of investors including OrangeDA
13 hours ago
DePin Supercycle: The Next Big Thing in BlockchainCrypto analysts are predicting a Decentralized Physical Infrastructure Network (DePin) supercycle, driven by Web3 and AI advancements, reminiscent of the early Internet era. DePin aims to decentralize applications currently dominated by tech giants like AWS and Google Cloud. The AI sector is particu
5 days ago
Roam: Pioneering Seamless Wi-Fi with OpenRoaming™Roam, a Web3 initiative in the WBA OpenRoaming™ program, offers a unique token incentive and community growth system, attracting over 390,000 app users and 310,000 nodes across 180 countries. It aims to provide a seamless, secure, and login-free Wi-Fi network experience, leveraging the OpenRoaming™
5 days ago
IoTeX Introduces Modular DePin Infrastructure to Redefine Web3 TechnologiesIoTeX has introduced a novel approach in decentralized physical infrastructure networks (DePins) called the Modular DePin Infrastructure, which aims to redefine the creation and functionality of Web3 technologies. This innovation is more efficient and cost-effective compared to traditional infrastru
6 days ago
Roam Integrates with Solana Mobile's Saga Phone for Enhanced Global WiFiRoam, a pioneer in decentralized PIN technology, has made a significant advancement by integrating its services into Solana Mobile's Saga phone. This integration aims to enhance global WiFi access and security through the use of decentralized identifiers. The OpenRoaming network has experienced rapi
6 days ago
MetaGravity and Aethir Collaborate on Decentralized Gaming InfrastructureMetaGravity and Aethir have joined forces to revolutionize the gaming industry with their partnership. MetaGravity's HyperScale Engine provides developers with a massive compute budget, allowing for the creation of expansive, scalable game worlds. Aethir's decentralized cloud infrastructure locates
6 days ago
DePIN Base Camp Selects Six Startups for Web3 Accelerator ProgramThe DePIN Base Camp, a Web3 accelerator program, has chosen six startups to participate in its 12-week program. These startups are developing applications and products that leverage digital networks, decentralized infrastructures, and data services. The program, run by Outlier Ventures in partnershi
7 days ago
DePINs and DeRENs: The Future of Decentralized Cloud ComputingDePINs and DeRENs are emerging as solutions to the risks associated with the centralized cloud computing market, dominated by players like AWS, Azure, and Google Cloud. The Cointelegraph Research and SwanChain report highlights how these decentralized platforms can enhance security, transparency, an
11 days ago
io.net Partners with OpSec to Enhance Decentralized Cloud Operationsio.net, a Decentralized Physical Infrastructure Network (DePin) for computing networks, has partnered with OpSec, a privacy-focused cloud solution. This collaboration will integrate io.net's decentralized GPU resources into OpSec's cloud infrastructure, enhancing cloud operations for developers and