Coin overview
IO
Ended--
Last price (USDT)
418.61K
24h total (USDT)
1.46M
Total vol (USDT)
2024-05-10 10:00:00 ~ 2024-06-11 11:30:00
Trading time (UTC+0)
2024-06-12 04:00:00
Delivery time (UTC+0)
Total supply800.00M
Resources
Introduction
IO.NET is the world’s largest decentralized AI computing network that allows machine learning engineers to access scalable distributed clusters at a small fraction of the cost of comparable centralized services. io.net is uniquely capable of creating clusters of tens of thousands of GPUs, whether they are co-located or geo-distributed, while maintaining low latency for deployers.
Phala and io.net create Strategic Partnership to Enhance GPU-TEE
Phala and io.net create Strategic Partnership to Enhance GPU-TEE GPU TEE Partnerships 2024-09-26 We are thrilled to announce a new partnership between Phala Network and io.net, aimed at advancing secure computation and decentralized AI. Since launching its mainnet in 2021, Phala Network has built a robust infrastructure of over 30,000 TEE CPU nodes, enabling web3 developers to offload complex computations from smart contracts to Phala’s secure, off-chain network. These nodes play a pivotal role in maintaining data privacy and security while delivering verifiable proofs and oracles, supporting a wide range of web3 applications from social apps to AI-driven agents. With Phala’s recent benchmark for TEE-enabled GPUs announcement, it’s continuing to mark a new era in secure, high-performance decentralized AI. This benchmark evaluates the performance of Nvidia’s H100 and H200 GPUs when integrated with Phala’s TEE technology, offering the computational power required for training and running large AI models like LLaMA 3 and Microsoft Phi, while upholding the highest security and privacy standards. Read the latest GPU-TEE benchmark release on cointelegraph here . In partnership with io.net, Phala is taking its vision of decentralized AI to the next level by accessing GPU hardware via io.net’s cloud network, leveraging Nvidia’s H100 and H200 GPUs. By extending Trusted Execution Environments (TEEs) to include AI accelerators like GPUs, this collaboration ensures that sensitive AI workloads are securely processed, with advanced cryptographic protections. Nvidia’s H100 Tensor Core GPUs, equipped with confidential computing features such as encrypted memory and secure boot, further enhance this security layer. The IO Cloud enables users to deploy and manage decentralized GPU clusters on demand, offering access to powerful GPU resources without the need for costly hardware investments or complex infrastructure management. By delivering a cloud-like experience, IO Cloud democratizes GPU access for ML engineers and developers, making advanced computing power more accessible and affordable by offering up to 90% savings compared to traditional cloud services. With seamless integration through the IO SDK, users can easily tap into globally distributed GPU resources, acting as a CDN for machine learning and bringing computation closer to end users. Built on the proven RAY framework used by OpenAI, it enables simple scaling of Python applications. Additionally, users can look forward to future access to advanced features like the IO Models Store, serverless inference, cloud gaming, and pixel streaming This partnership with io.net represents a major advancement in Phala’s mission to democratize decentralized AI, delivering secure and transparent systems that make AI technology more accessible to a wider range of users. Together, Phala and io.net will conduct research, testing and benchmarking, starting with cutting-edge NVIDIA H100s and H200s. This collaboration will explore deploying Phala Network’s autonomous AI agents and AI agent contracts on the IO Network as well as integrating Phala Network’s TEE hardware and workers into the IO Network of GPUs. Both parties will explore deeper integrations between the IO Network and Phala Network as we continue to develop our technical roadmaps. About io.net io.net is a decentralized distributed compute network that enables ML engineers to deploy a GPU cluster of any scale within seconds at a fraction of the cost of centralized cloud providers. io.net sources compute resources from multiple locations and deploys them into a single cluster at massive scale. io.net has successfully supported training, fine tuning, and inference for a wide range of ML models. About Phala Phala is a pioneer in confidential computing and secure data processing. They specialize in leveraging Trusted Execution Environments (TEEs) and secure enclaves to enable secure and verifiable computations. Their expertise in confidential computing makes them a valuable partner in advancing the field of verifiable AI computing.
NVIDIA TEE GPU H200 Delivers High Performance for Decentrazlied AI
NVIDIA TEE GPU H200 Delivers High Performance for Decentrazlied AI TEE Research GPU Verified Computation Confidential Computation 2024-10-31 In a recent study by Phala Network, io.net, and Engage Stack, the performance impact of enabling TEE on NVIDIA H100 and H200 Hopper GPUs was examined for large language model (LLM) inference tasks: https://arxiv.org/abs/2409.03992 TEEs add a security layer by isolating computations to protect sensitive data, which is essential for high-stakes applications. The findings highlight how TEE mode affects the H100 and H200 GPUs differently, revealing TEE's feasibility for secure, high-performance AI. Key Findings TEE-on mode has a greater impact on Time To First Token (TTFL) and Inter-Token Latency (ITL) in H200 compared to H100. 1 ) Minimal Impact on Core GPU Computation TEE mode introduces only a minor impact on the GPUs' core computations, with the main performance bottleneck stemming from data transfer between the CPU and GPU. The additional encryption over PCIe channels—needed to maintain secure data flow—slightly raises latency, but the impact is contained. Both H100 and H200 GPUs demonstrated that minimizing data movement significantly reduces TEE overhead, helping maintain overall system efficiency. 2 ) Low Overhead for Most LLM Queries For typical LLM tasks, TEE incurs under 7% performance overhead on both GPUs. As sequence length increases, this overhead decreases even further, becoming nearly negligible for extended inputs and outputs. This shows that TEE’s security layer can handle large-scale LLM tasks efficiently on both the H100 and H200, offering dependable security with minimal performance impact across most queries. 3 ) Positive Results Across Different Models and GPUs Larger LLMs, such as Llama-3.1-70B, showed almost no performance penalty from TEE on either GPU, while smaller models like Llama-3.1-8B experienced a slightly higher impact. The H100 consistently outperformed the H200 in terms of overhead reduction, particularly with larger models. For example, Llama-3.1-70B incurred only a 0.13% overhead on the H100, while the H200 had a slightly higher 2.29% overhead. These results suggest that, while both GPUs are well-suited to high-demand applications, the H100 may be preferable for tasks requiring lower latency. 4 ) Minimal Real-Time Processing Impact Real-time metrics such as Time to First Token (TTFT) and Inter-Token Latency (ITL) were used to evaluate latency. Both GPUs experienced minor latency increases in TEE mode, with the H200 displaying slightly higher overheads. However, as model size and sequence length grew, these latency effects diminished. The Llama-3.1-70B model, for instance, saw a TTFT overhead of -0.41% on the H100 and 3.75% on the H200. This indicates that TEE mode remains suitable for real-time applications, especially for larger, computation-intensive models where latency becomes less of a limiting factor. 5 ) High Throughput and Load Capacity for Secure AI Queries Both TEE-enabled GPUs demonstrated substantial throughput and query load capacity, achieving nearly 130 tokens per second (TPS) on medium-sized inputs with the H100, while the H200 achieved comparably high TPS and QPS. Engage Stack’s cloud infrastructure was crucial in assessing these real-world, high-query load scenarios, affirming the H100 and H200’s capabilities in handling secure AI processing without significant bottlenecks. Model Comparison and Main Takeaways Across different models and workloads, the study underscores that TEE’s impact on performance remains under 7% for typical LLM tasks. Larger models, particularly with longer sequences, saw the TEE-related overhead diminish to nearly zero. For instance, the largest model tested, Llama-3.1-70B, displayed negligible performance impact, reinforcing TEE’s applicability for large-scale, sensitive applications. The study found that, despite the H200 experiencing slightly higher overhead than the H100, both GPUs maintained robust performance under TEE. This distinction between the H100 and H200 results suggests that the H100 may be better suited for highly latency-sensitive applications, while the H200 remains a strong choice for secure, high-performance computing where the emphasis is on query load and large model processing. Practical Implications for AI Using TEE The findings confirm that TEE-enabled NVIDIA Hopper GPUs are effective for organizations prioritizing data security alongside computational efficiency. TEE mode proves manageable even for real-time applications, particularly on the H100, which manages latency effectively. With Engage Stack’s essential support, this research affirms that TEE can protect sensitive data without sacrificing scalability or throughput, especially for applications in sectors like finance, healthcare, and decentralized AI. Conclusion As the need for secure data handling grows, TEE-enabled NVIDIA H100 and H200 Hopper GPUs provide both security and efficiency, especially for complex LLM workloads. While the H200 exhibits a slightly higher performance overhead, both GPUs demonstrate that TEE can be implemented effectively without compromising throughput, particularly as model size and token lengths increase. This research validates the use of TEE in real-world, high-performance AI applications across fields that demand both confidentiality and processing power, supporting the broader adoption of secure, decentralized AI. For more in-depth information visit the benchmark research .
Threat actor uses fake investment offers to gain access to wallets, steals $1.2M
A threat actor has been using the promise of investments to trick users into handing over wallet permissions. The newly discovered scam uses elements of social engineering, pig butchering, and laundering funds through stablecoins. The attacker extracted about $1.2M from user wallets through social engineering tactics. The newly discovered scam was noticed by Whitestream analysts. The funds have not been tracked in detail, but Whitestream notes most were directed to a single wallet before they were sent to exchanges. Threat actor offers shady investments in confidence scams The attacker’s method of stealing funds copies romance scams or pig butchering models, which relies on gaining the victim’s confidence. The end goal is to either request crypto directly or introduce a malicious link. While wallets can flag some sites, they are not filtering third parties yet. This allows anyone to build a wallet connection request and potentially drain funds. The scam led users to a site presented as an investment portal for Seed Crypto. The threat page is still active, displaying a basic message and a button to connect wallets. The landing page explained crypto in a language targeting outsiders while promising a vague investment opportunity. The page required a wallet connection, which then used the permission to drain wallets. The site required a WalletConnect or a Coinbase wallet, one of the most widely used apps. See also Why UK Gen Zers favour brick-and-mortar banking in an era dominated by digital finance Early details revealed about the scam reinforce the regional nature of attacks and their limited time frame. In this case, the threat actor operated out of Southeast Asia, and focused on local services for cashing out. The exploiting address, however, had no problems with swapping out funds through HTX, Binance, OKX, Gate.IO, and ChangeNow. Pig butchering and confidence scams are among the most closely watched, as they often target mainstream users and not crypto insiders. However, due to the ease of acquiring crypto or stablecoins, scammers are capable of convincing users to hand over or “invest” funds. Both Tether and Circle have assisted law enforcement with tracking and freezing pig butchering addresses, while they were still incapable of cashing out. Personal message scams took up to $3.6B in 2024 Confidence scams targeting crypto outsiders surpassed losses from attacks against crypto protocols. It is difficult to track confidence scams, as some are regional and limited to a campaign. However, an estimated $3.6B was lost and laundered through this type of scam as revealed by data from a preliminary Cyvers overview for the past year. Over the course of 2024, the influence of the Huione Guarantee market was noted as a tool to launder funds through faked commercial activity. The main tools for moving funds were again USDT and USDC, which despite attempts to freeze wallets, managed to remain undiscovered. See also Aave considers integrating Chainlink's Smart Value Recapture to redirect MEV profits back to DeFi users As this type of scam became more common, Interpol called for removing the “pig butchering” term, to avoid stigma and help victims seek help without shame. Some of the scams were considered romance-baiting, while others still had an element of confidence. Both eventually led up to the same point – investment offers. Confidence scams caused a lot of devastation this year, causing deep losses because they typically target individuals with disposable funds. The US Securities and Exchange Commission (SEC) estimates total confidence scams at $5.6B for the whole of 2023. Crypto and stablecoins only accelerate the process and make the funds potentially untraceable. A Step-By-Step System To Launching Your Web3 Career and Landing High-Paying Crypto Jobs in 90 Days.
What’s New in DePin? io.net New Partnership, MapMetrics Token Listing Roadmap, and More
Decentralized Physical Infrastructure Networks (DePin) are transforming the tech by enabling decentralized projects in real-world infrastructure. Here’s what happened in the DePin sector recently: io.net partners with Zerebro for AI development, MapMetrics released a roadmap for a future token listing, and Fluence gained two new early adopters for its cloudless virtual machine program. io.net Partners with Zerebro io.net, a DePIN GPU compute network, partnered with autonomous AI agent Zerebro last week, according to a press release shared with BeInCrypto. Zerebro will use io.net’s decentralized compute resources to enhance its Ethereum validator, which will help integrate AI and Blockchain technology. “This collaboration… marks an exciting step forward for autonomous agents and decentralized AI in general. Zerebro can build with io.net’s permissionless and globally distributed compute network, ensuring it has the ability to continuously sustain operations and to keep innovating,” Tausif Ahmed, Chief Business Development Officer at io.net, told BeInCrypto. In recent months, io.net has engaged in several prominent DePin/AI partnerships. For example, it worked with TARS Protocol to reduce AI model training costs by 30% in September, and joined with Zero1 Labs to advance decentralized AI development in November. In conducted a similar collaboration with OpenLedger earlier this month. MapMetrics Announces Path to Token Listing MapMetrics, a “drive-to-earn” navigation app, and GameFi token earner, recently released a roadmap for a token listing. This news came on a recent blog post recounting some of the company’s successes in the past year. Especially prominent was its incorporation into peaq’s DePin “peaqosystem” this August, a pivotal building block for MapMetrics’ token launch. “While none of the projects building on peaq have launched their tokens yet, we are thrilled to announce that MapMetrics has been nominated as one of the very first projects to do so. This recognition underscores the trust in our project and its potential. Their commitment… ensures that we are well-prepared for a strong post-launch trajectory.” the post claimed. Although MapMetrics listed its impending token launch as the most important development, several other accomplishments also received special attention. For example, in October, the firm released several major updates focused on increasing the quality of use for its navigation features. By prioritizing this over GameFi functions, MapMetrics plans for long-term growth. Fluence Gains Two Early Adopters Finally, cloudless internet provider Fluence announced that two firms, RapidNode and Supernoderz by Spheron, will join its DePin Cloudless VM (Virtual Machine) Alpha Testing Program. Fluence shared this via a press release with BeInCrypto, and the firm’s representatives seemed quite enthusiastic. “Around 90% of blockchain protocol nodes and validators are hosted in the centralized cloud. We believe that for Web3 to fulfill the promise of decentralization, it must require its underlying infrastructure to be decentralized. With the launch of VMs and our first partners, Fluence is finally making this possible,” claimed Tom Trowbridge, Co-Founder of Fluence. Fluence states that its cloudless virtual machines will eliminate the pain points of traditional cloud-based VMs. The company was sparse on details regarding the exact mechanisms of these upcoming products but claimed they are capable of deploying workloads at up to 75% lower prices than traditional cloud providers.
Hoskinson Addresses Cardano Ecosystem Governance Concerns, Calls for Unity
Charles Hoskinson responds to Rick McCracken’s concerns about Cardano’s partnership challenges. Hoskinson clarifies disagreements with the Cardano Foundation over governance and accountability. Despite tensions, Hoskinson emphasizes the ecosystem’s growth and calls for unity in 2025. Charles Hoskinson, the CEO of Input Output (IO) and founder of Cardano, has taken to social media to address concerns within the Cardano ecosystem. Broadcasting from his office in Colorado, Hoskinson reflected on a tumultuous year and previewed his upcoming projects, including a Darkness Retreat and new ventures in South America. However, the focus of his message was a public response to comments made by Rick McCracken, a long-time friend and participant in the Cardano ecosystem. McCracken’s Concern: Can the Cardano Ecosystem Collaborate with External Partners? McCracken, who has been an active voice within the Cardano community, expressed concerns about the future of partnerships within the ecosystem. In a recent post, McCracken questioned the ability of the Cardano Foundation (CF) and IO to build lasting professional relationships, citing ongoing disagreements between the two organizations. Specifically, he noted that if internal collaboration between key ecosystem players like Hoskinson, Tam, and Fred could not be achieved, it would be challenging to expect successful partnerships with organizations outside the ecosystem. Hoskinson Clarifies the Cardano Foundation Disagreement: A Matter of Governance In his video response, Hoskinson clarified the long-standing disagreements between IO and the Cardano Foundation. He highlighted a fundamental philosophical divide regarding the governance structure of the ecosystem. Hoskinson believes the Cardano Foundation should be a community-oriented organization with leadership elected by the community. Meanwhile, the Cardano Foundation has consistently maintained that it will never have community-elected leadership. This stance is one that Hoskinson and many within IO believe undermines the decentralized vision for Cardano. For Hoskinson, the issue isn’t simply internal politics. It’s about the accountability of the Cardano Foundation to the community. He pointed out that the $600 million in funds controlled by the Cardano Foundation represents the community’s money. As such, there should be mechanisms for oversight and accountability. Without community input, Hoskinson argued, the ecosystem risks making decisions that are not aligned with its foundational principles. Progress Within the Ecosystem and Future Partnerships: A Look at Cardano’s Growth While acknowledging the ongoing conflict with the Cardano Foundation, Hoskinson stressed that the broader Cardano ecosystem continues to thrive. He pointed to numerous developments within the ecosystem. They include the growth of Cardano’s DeFi sector, the expansion of its meme coin ecosystem, and the continuous improvement of its developer experience (DevX) through tools like Plutus and Plutus V4. Hoskinson also highlighted the increasing number of opportunities for Cardano in the wider blockchain space. He cited successful engagements with major players like Microsoft Azure, Flare, and Hashgraph. Despite philosophical disagreements, he noted that the technology and community behind Cardano remain strong. There is growing participation and increasing visibility at major events like Token 2049, Consensus 2025, and Bitcoin 2025. A Call for Growth and Unity in 2025: Focusing on the Bigger Picture Despite the frustration voiced in his response, Hoskinson called for the Cardano community to focus on the bigger picture. He urged members to rise above petty squabbles and participate in the on-chain governance system that empowers the community to shape the future of Cardano. He expressed confidence that 2025 could be a pivotal year for the ecosystem if the community and its leaders could put aside differences and focus on building and innovating together. “2025 can be a great year if we want it to be. We need to focus on the bigger picture—the on-chain governance system,” Hoskinson stated. Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.
O.XYZ Launches OSOL100 AI Index – The S&P 100 of Solana’s AI Ecosystem
Lahore, Pakistan, December 20th, 2024, Chainwire O.XYZ , the leading decentralized Super AI project, announces the launch of OSOL100 , a first-of-its-kind AI index token designed to capture the cumulative value of Solana’s top 100 AI projects. This innovative token provides users with direct exposure to Solana’s AI infrastructure, agents, and meme tokens, all through one easily managed and fully transparent investment tool. OSOL100 simplifies investment strategies while enhancing portfolio diversification. It tracks and represents the performance of the top 100 AI-focused projects within Solana’s thriving ecosystem, offering accessibility to the most promising developments. Each OSOL100 token functions as a decentralized share of the fund, hosted on DAOS.fun, providing proportional exposure to its assets. Launched by O.XYZ, OSOL100, OSOLDOCS aligns with the company’s mission to create the world’s first Sovereign Super AI — an AI owned and governed by the community to benefit humanity. Powered by SuperMissO, the first AI CEO in development, OSOL100 embodies O.XYZ’s vision of an autonomous, community-led future. OBOT token holders gain exclusive access to OSOL100, enhancing the value and utility of their existing holdings. About O.XYZ O.XYZ aims to reshape artificial intelligence by developing systems independent of corporate control. It focuses on making AI technology accessible, transparent, and community-driven, ensuring superintelligence serves humanity’s interests. O.XYZ’s technical foundation centers on building an AI ecosystem designed to be shutdown-resistant and self-led. Their key initiatives include developing ‘Sovereign Super intelligence,’ creating decentralized infrastructure, and researching hyper-fast AI systems. The project operates under the O.Systems Foundation, led by Ahmad Shadid. Shadid, who previously founded IO.NET– a $3B Solana DePIN — brings his experience to O.XYZ’s work on building an autonomous, community-led AI ecosystem. Contact VP Biz Dev Hassan Tariq O.XYZ [email protected]
Cardano Outlines Strategic Research Agenda for Blockchain Development Through 2030
Cardano’s research agenda prioritizes scaling Ouroboros for higher transaction throughput and efficient processing across a growing blockchain network. The Tokenomicon initiative explores flexible economic models, leveraging native assets and Babel fees for enhanced blockchain financial frameworks. Global Identity integration within Cardano aims to enhance transaction interoperability, governance functionality, and smart contract compatibility. Cardano, known for its scientific approach and peer-reviewed methodology, has announced its Strategic Research Agenda to guide blockchain advancements over the next decade. According to Input Output (IO), the research entity behind Cardano, the agenda highlights nine key thematic areas aimed at addressing critical challenges and opportunities in blockchain technology. To deliver on the full promise of blockchain, Input | Output Research is advancing a Strategic Research Agenda through 9 thematic focus areas. From scaling the Ouroboros protocol stack, to building a next-level identity and credential layer, and enabling seamless interchain… pic.twitter.com/RVzFEmOels — Input Output (@InputOutputHK) December 18, 2024 The announcement, shared on the official Input Output Research handle, sets a forward-looking vision for the Cardano ecosystem. The agenda begins with “The World’s Operating System,” an initiative to enhance Cardano’s infrastructure for efficient and secure smart contract development. The goal is to enable a robust framework that supports a broad range of decentralized applications (dApps) and services. Complementing this, the Ouroboros protocol stack will undergo scaling improvements to handle the increasing transaction volume as the Cardano network expands. Another focus area, Tokenomicon, targets the economic mechanisms within the blockchain. Cardano aims to optimize its tokenomics by researching the financial models that govern blockchain ecosystems. With features such as native user-defined assets and the Babel fee system, Cardano is positioning itself to explore flexible payment options and strengthen its economic framework. The agenda also prioritizes Global Identity, embedding identity solutions into Cardano’s core functionalities. This integration enhances the compatibility of transactions, governance, and smart contracts, making them interoperable across the broader ecosystem. Democracy 4.0, another key initiative, seeks to secure voting mechanisms and incentivize participation in governance. Cardano’s scalability is being addressed through Hydra , a protocol designed to optimize transaction throughput while reducing costs and latency. Interchains will expand Cardano’s cross-chain capabilities, allowing developers to build multi-chain dApps within a secure environment. Finally, the agenda focuses on advanced cryptographic solutions, including zero-knowledge proofs (ZK) and research into the post-quantum era, ensuring long-term security for blockchain applications. ETHNews reports that this comprehensive roadmap reflects Cardano’s commitment to driving blockchain adoption through scalable, secure, and interoperable solutions. The outlined themes provide a foundation for future development, solidifying Cardano’s role as a leader in blockchain innovation while addressing the practical needs of developers and enterprises. The current price of Cardano (ADA) is approximately $0.977, showing a daily increase of 0.83%. Over the past month, ADA has gained 33.61%, contributing to a strong 64.65% year-to-date growth. However, it remains below its all-time high of $3.16, reflecting a gradual recovery within the broader cryptocurrency market. Cardano’s market capitalization is approximately $34.35 billion, with a trading volume of $2.26 billion in the last 24 hours. Active network developments, including the recent Strategic Research Agenda targeting advancements in its Ouroboros protocol and tokenomics, support ADA’s long-term prospects. Key resistance lies near $1.03, while support around $0.95 could stabilize any retracements. Recent whale accumulation and positive sentiment toward Cardano’s ecosystem add to its bullish outlook in the coming months.
Hong Kong Licenses New Crypto Exchanges Amidst Bitcoin Surge
Hong Kong’s Securities and Futures Commission has licensed four new cryptocurrency exchanges: Accumulus GBA Technology, DFX Labs, Hong Kong Digital Asset EX, and Thousand Whales Technology. According to local reports , the approvals were announced today and it raises the total number of licensed virtual asset trading platforms in Hong Kong to a total of seven. They were issued under Hong Kong’s wider plan to strengthen its rules on virtual assets and, in the process, boost the competitiveness of the city as a global digital asset center. The SFC said its “swift licensing process” helped speed up the approvals while ensuring they met the rules. “We aim to strike a balance between safeguarding the interests of investors and facilitating continuous development for the virtual asset ecosystem in Hong Kong,” said Eric Yip, SFC executive director of intermediaries. The approvals come at a time when Bitcoin’s price is booming, having increased by over 60% in the last six months and recently going over $100,000 for the first time. The SFC needs the new licensed platforms to finish extra tasks, including checking for weaknesses and conducting tests by independent groups, before they can fully operate. Thousand Whales Technology is the operator of the EX.IO trading platform. The company is backed by Valuable Capital Group, a brokerage owned by Sina Corporation, which operates China’s popular social media site Weibo. The four exchanges were among almost 30 firms to have applied for VATP licenses in 2024, though some platforms, including OKX and HTX, have since dropped their applications due to regulatory issues. Meanwhile, Hong Kong has previously licensed three platforms: HashKey, OSL, and HKVAX. Earlier this year, the city launched Asia’s first exchange-traded funds (ETFs) for spot Bitcoin and Ether, beating the United States for the same. However, the city of Hong Kong has faced a lot of difficulties in properly regulating over-the-counter (OTC) crypto trading and is now changing its oversight approach after listening to industry feedback. Follow The Crypto Times on Google News to Stay Updated!
How Empty Marketing and Growth Hacking Kills Blockchain Projects
Money talks. In cryptocurrency, it screams through megaphones and flies banners across stadium skies. The recent revelation of Polkadot’s $37 million marketing spend has reignited a familiar debate within the blockchain community. Their aggressive growth strategy, complete with influencer campaigns and sports sponsorships, mirrors a pattern seen throughout the industry’s evolution. Cryptocurrency projects have long walked a tightrope between building awareness and maintaining credibility. Some call it growth hacking. Others label it desperation. The truth lies somewhere in between, hidden in the spreadsheets of marketing budgets and community engagement metrics. For an industry built on transparency, the methods behind crypto marketing often remain surprisingly opaque. Yet Polkadot’s recent treasury report has inadvertently pulled back the curtain, offering a rare glimpse into the real costs of chasing growth in Web3. So that begs the question… Is Crypto All About the Hype? The crypto industry thrives on promises. Projects launch daily, each claiming revolutionary technology and groundbreaking solutions. Marketing teams craft elaborate narratives about mass adoption and industry disruption. Development roadmaps stretch years into the future while promotion budgets drain treasuries today. Behind every blockchain project stands an army of social media managers, content creators, and community moderators. They craft narratives, manage expectations, and drive engagement. Marketing budgets often dwarf technical spending. Growth metrics become more important than GitHub commits. The industry measures success through Twitter followers rather than transaction volumes. Yet this focus on hype serves a purpose. Early adoption requires awareness and communities require nurturing in order to build a foundation. In an industry built on network effects, attention drives value. That’s why smart projects leverage this dynamic, using strategic marketing to build genuine communities. Conversely, others simply throw money at short-term solutions, hoping quantity will translate into quality. The difference lies in execution. Successful projects blend marketing prowess with technological substance. They understand hype’s role in driving adoption while maintaining focus on development. Their marketing spend reflects strategic thinking rather than desperate attempts at relevance. The best teams recognize that sustainable growth requires more than just flashy campaigns and influencer endorsements. However, recent events have pulled back the curtain on crypto’s marketing machinery, exposing the true cost of chasing growth at any price. When Marketing Millions Miss Their Mark Polkadot’s treasury report landed like a bombshell in June. The blockchain project spent $37 million on marketing in early 2024, nearly double its development budget. Community members watched in disbelief as the numbers painted a stark picture of modern crypto marketing — one where promotion overshadows product development and short-term visibility trumps long-term value creation. The granular details of Polkadot’s spending revealed deeper systemic issues within crypto marketing practices. Their influencer campaigns targeting North America and Europe consumed substantial portions of the budget, with each month-long promotion costing roughly $300,000. Initial metrics appeared promising, boasting millions of content views and hundreds of thousands of engagements. Yet beneath these surface-level statistics lurked troubling patterns of artificial inflation and questionable value. Investigation into these marketing initiatives uncovered a complex web of suspicious activities. YouTube channels materialized overnight with implausible subscriber counts, while Twitter profiles coordinated identical content streams across networks of bot-driven accounts. Key opinion leaders selected for premium partnerships often displayed signs of manufactured engagement, their follower counts inflated and their content engagement metrics artificially enhanced through coordinated automation. Polkadot’s broader spending choices raised fundamental questions about value creation in the blockchain space. Their treasury allocated $450,000 for event expenses while community-driven initiatives struggled for basic funding. Premium partnerships consumed resources at an alarming rate, including $480,000 for a two-year logo display on Coinmarketcap and $180,000 for private jet branding. These decisions occurred against a backdrop of stagnant token prices and slowing ecosystem development. The project’s marketing strategy exemplifies a growing disconnect between spending and substance in crypto promotion. While traditional marketing metrics showed surface-level success, the deeper analysis revealed concerning patterns of inefficiency and waste. Their treasury, currently projected to last another two years at current spending rates, faces mounting pressure from community members questioning the return on these substantial investments. The situation highlights a critical challenge facing blockchain projects: distinguishing between meaningful growth initiatives and expensive exercises in vanity metrics. The Missing Link Between PR and Growth Public relations in cryptocurrency often plays second fiddle to aggressive growth tactics. Marketing teams chase viral moments and influencer endorsements while overlooking the fundamentals of strategic communication. This approach stems from the industry’s obsession with immediate results, yet misses crucial opportunities for sustainable growth. Traditional PR brings subtle but significant advantages to blockchain projects. While sponsored posts generate quick spikes in attention, carefully crafted media relationships build lasting credibility. Industry publications value authenticity over paid placement. Journalists seek genuine innovation rather than promotional noise. These relationships become invaluable during critical moments, from product launches to crisis management. Most crypto projects struggle to balance immediate visibility with long-term reputation building. Marketing budgets flow freely toward quantifiable metrics like social media engagement and website traffic. Meanwhile, PR initiatives that could strengthen market position and industry standing receive minimal attention. This imbalance creates vulnerability, leaving projects ill-equipped to handle scrutiny or navigate market downturns. Successful blockchain projects understand the symbiotic relationship between growth hacking and public relations. They recognize that while aggressive marketing drives initial interest, strategic PR sustains momentum through market cycles. Their communication strategies blend traditional media outreach with innovative community engagement. Press releases complement Twitter spaces. Media tours enhance Discord announcements. You can see the distinction clearly during market turbulence. Projects built on pure hype crumble under pressure, their communities scattering at the first sign of trouble. Those with strong PR foundations weather storms more effectively, maintaining stakeholder confidence through clear communication and established media channels. Their prior investment in relationship building pays dividends when market sentiment shifts. Smart teams recognize that effective PR extends beyond press releases and media mentions. It encompasses community management, developer relations, and stakeholder communication. This comprehensive approach creates resilience, enabling projects to maintain momentum even when marketing budgets tighten or market conditions deteriorate. Growth Hack the Right Way The cryptocurrency industry stands at a crossroads between hype-driven marketing and sustainable growth strategies. Projects rushing toward quick wins through influencer campaigns and paid promotions often find themselves building on shifting sands. Real growth demands more than viral moments and sponsored content. It requires strategic communication, genuine community building, and balanced resource allocation. Smart projects recognize this evolution in crypto marketing. They understand that tomorrow’s leaders will master the delicate balance between innovative growth tactics and time-tested PR fundamentals. Sustainable success in blockchain requires more than just spending power — it demands strategic vision, authentic communication, and unwavering commitment to genuine value creation. About the Author Jamie Kingsley is a prominent figure in the crypto PR industry, serving as the COO and Co-Founder of The PR Genius (PRG). He has played a crucial role in transforming PRG from a small, niche firm into a multi-service growth marketing agency. Kingsley’s strategic leadership facilitated a successful pivot from lead generation to public relations, enabling the agency to work with high-profile clients such as IO.net, Yellowheart, Radix, Movement Labs and RTFK Studios. In addition to his role at PRG, Kingsley is a Board Member of the Asia Web3 Alliance Japan, where he contributes to the advancement of decentralized internet initiatives in a rapidly growing blockchain market. His expertise in media strategy and growth hacking has positioned him as a key influencer in the crypto space, recognized for his adaptability and resilience in navigating the industry’s challenges.
Hong Kong SFC Approves Four New Virtual Asset Providers, Expanding Licensed VATPs
Last updated: December 18, 2024 11:16 EST The Hong Kong Securities and Futures Commission (SFC) has officially approved four new virtual asset trading platform (VATP) providers, significantly expanding the region’s regulatory framework for virtual assets. The newly approved entities—Hong Kong Digital Asset EX Limited (HKbitEX), Accumulus GBA Technology (Hong Kong) Co., Limited (Accumulus), DFX Labs Company Limited, and Thousand Whales Technology (BVI) Limited (EX.IO)—join three previously licensed platforms, bringing the total number of authorized providers to seven. Source: SFC.hk Hong Kong Virtual Asset Providers: Has Licensing Gotten Easier? Adding these four VATPs aligns with Hong Kong’s regulatory body’s objectives of enhancing investor protection and maintaining market integrity through transparent regulations. The licensed platforms are required to adhere to stringent compliance measures, including anti-money laundering protocols, robust cybersecurity systems, and transparency in operations. Among the newly approved platforms, HKbitEX and Accumulus have already garnered attention within the Hong Kong community for their innovative approaches to digital asset trading. HKbitEX offers advanced over-the-counter (OTC) trading solutions to bridge the gap between institutional and retail investors. Accumulus, on the other hand, offers crypto trading but emphasizes seamless integration into Hong Kong’s traditional financial systems. These platforms, along with DFX Labs and Thousand Whales, are expected to operate maximally in alignment with the regulatory rules. The SFC’s licensing process is meticulous. It thoroughly evaluates each applicant’s business model, governance structure, and compliance capabilities. Growing Virtual Asset Ecosystem In Hong Kong The expansion of licensed VATPs in Hong Kong is a pivotal moment for the global virtual asset ecosystem, particularly for the country itself. It is a shift towards greater regulatory acceptance and integration of digital assets into mainstream financial markets. The increased number of licensed platforms provides more choices and greater security assurance for investors. Licensed VATPs are held to high standards of operation, reducing the risks associated with unregulated platforms. Despite these advancements, challenges remain. While licensing VATPs is a step in the right direction, sustained efforts are needed to constantly educate investors about the benefits and risks of crypto trading. According to a report on December 17, Hong Kong will adopt the OECD’s Crypto-Asset Reporting Framework (CARF) to enhance tax transparency and combat cross-border tax evasion. 🇭🇰 Hong Kong is set to implement the Crypto Asset Reporting Framework by 2026, enhancing tax transparency and tackling cross-border tax evasion in the crypto space! #Crypto #Tax https://t.co/MU2Cg6ac0D — Cryptonews.com (@cryptonews) December 17, 2024 The CARF was introduced in June 2023. It extends the Common Reporting Standard (CRS) to crypto assets and mandates annual account and transaction information exchanges between jurisdictions. Hong Kong plans to complete legislative amendments by 2026, with the first automatic data exchanges scheduled for 2028. This initiative builds on Hong Kong’s history of financial data exchange under the CRS since 2018 and aims to address the complexities of the rapidly evolving crypto market. Also, Hong Kong is accelerating efforts to establish itself as a global crypto hub by introducing a fast-track licensing process for trading platforms . Joseph Chan, Acting Secretary for Financial Services and the Treasury announced that the Securities and Futures Commission (SFC) plans to operationalize a consultative panel early next year to support licensed platforms. Since the crypto licensing regime began in June 2023, firms like OSL Exchange and HashKey Exchange have gained approval to serve retail investors. Alongside licensing, Hong Kong is advancing legislation to regulate stablecoin issuers. The Hong Kong Monetary Authority (HKMA) will license fiat-referenced stablecoins following global trends.
Hong Kong accelerates crypto exchange licensing with four new approvals
Hong Kong has granted licenses to four more crypto exchanges as the region focuses on accelerating the licensing process amid growing competition to become a crypto hub. The Securities and Futures Commission said it approved licenses for four additional exchanges — HKbitEX, Accumulus, DFX Labs, and EX.IO — on Wednesday under its “swift licensing process” after the applicants addressed feedback from the regulator’s on-site inspections. The SFC has previously issued three such licenses to OSL, HashKey and HKVAX. Hong Kong has opened its doors to crypto firms. In June 2023, it officially launched a crypto licensing regime for “virtual asset trading platforms” (VATPs), allowing licensed exchanges to offer retail trading services. The SFC noted that it has worked to speed up the licensing process. “We have been proactively engaging with VATPs’ senior management and ultimate controllers, which helps drive home our expected regulatory standards and expedite our licensing process for VATPs,” Eric Yip, the SFC’s Executive Director of Intermediaries, said in a Wednesday statement . In a separate circular released Wednesday, the SFC provided more details on a revamped licensing process. In addition to on-site inspections, the regulator requires applicants to undergo assessments of their platform policies, procedures, systems and controls, which a certified public accountant must sign off. “The SFC will supervise the whole second-phase assessment process through a tripartite engagement with the VATPs and their external assessors and will uplift the restriction on business scope after the second-phase assessment is completed to the SFC’s satisfaction,” the regulator said. Joseph Chan, Acting Secretary for Financial Services and the Treasury said last week that the SFC also plans to establish a “consultative panel” that is expected to commence early next year for licensed crypto trading platforms.
io.net Joins Dell Technologies Partner Program to Revolutionize Decentralized GPU Computing
The leading provider of decentralized GPU computing solutions, io.net , has been approved into the Dell Technologies Partner Program as a Dell Technologies Authorized Partner and Cloud Service Provider. This is a significant accomplishment for the firm. io.net will be able to deliver scalable and cost-effective solutions for artificial intelligence (AI), machine learning (ML), and high-performance computing (HPC) workloads as a result of this move, which will combine the GPU network of io.net with the world-class infrastructure of Dell. Through its participation in the Dell Partner Program, io.net is able to receive access to the resources, knowledge, and go-to-market capabilities of Dell Technologies. Through this, businesses who are looking for sophisticated solutions to manage difficult computing issues will be able to get help. This will bridge the gap between decentralized GPU power and the trusted hardware infrastructure of Dell. Tausif Ahmed, VP of Business Development at io.net, commented: “Joining the Dell Technologies Partner Program is an important step for io.net. It supports our goal of delivering solutions that integrate our decentralized GPU platform with Dell’s reliable infrastructure, helping businesses address their computing challenges more efficiently and cost-effectively Together, we look forward to delivering practical, enterprise-grade solutions tailored for the next generation of AI innovation.” Through its participation in the Dell Technologies Partner Program, io.net will work together with Dell Technologies on go-to-market activities, demand creation, and co-marketing endeavors. This makes it possible for business clients to deploy solutions that blend dispersed GPU power in a smooth manner with hardware that is stable and resilient from Dell Technologies. Io.net is in a strong position to assist in making decentralized compute solutions more accessible across a variety of businesses because it is able to use the enormous ecosystem that Dell has created. The proliferation of applications that use artificial intelligence and machine learning has increased the need for compute solutions that are both scalable and inexpensive. Traditional centralized cloud providers often fail to satisfy the requirements of contemporary businesses because they are bound by high prices, limited flexibility, and resource constraints. io.net’s decentralized GPU network is designed to overcome these difficulties by obtaining processing capacity from a worldwide network of dispersed GPUs and then clustering those GPUs into a single, high-performance infrastructure. Following io.net’s entry into the Dell Technologies Partner Program, customers will be able to take advantage of GPU clusters that are available on demand and are able to scale to meet the needs of whole enterprises. In addition to this, they will see considerable cost savings in comparison to centralized solution providers. While this is going on, a seamless interface with Dell’s advanced hardware will enable workloads that are both dependable and high performance. A significant step forward in the process of democratizing access to decentralized computing is represented by the cooperation between io.net and Dell Technologies. This is especially true for enterprises who are working on AI training, inference, and high-performance compute use cases. io.net is well positioned to accelerate the adoption of decentralized compute solutions while also fulfilling the performance criteria that organizations anticipate. This is made possible by utilizing Dell’s worldwide presence and enterprise trust.
Io.net Joins Dell Technologies Partner Program As Authorized Partner and Cloud Service Provider
December 19, 2024 – Dubai, United Arab Emirates Io.net – the leading provider of decentralized GPU computing solutions – has been accepted to join the Dell Technologies Partner Program as a Dell Technologies authorized partner and cloud service provider. The move will combine io.net’s GPU network with Dell’s world-class infrastructure, delivering scalable and cost-effective solutions for AI, ML (machine learning) and HPC (high-performance computing) workloads. By joining Dell’s Partner Program, io.net gains access to Dell Technologies’ resources, expertise and go-to-market capabilities. This will support enterprises seeking advanced solutions to handle complex computing challenges, bridging decentralized GPU power with Dell’s trusted hardware infrastructure. Tausif Ahmed, vice president of business development at io.net, said, “Joining the Dell Technologies Partner Program is an important step for io.net. “It supports our goal of delivering solutions that integrate our decentralized GPU platform with Dell’s reliable infrastructure, helping businesses address their computing challenges more efficiently and cost-effectively. “Together, we look forward to delivering practical, enterprise-grade solutions tailored for the next generation of AI innovation.” As part of the Dell Technologies Partner Program, io.net will collaborate on go-to-market efforts, demand generation and co-marketing initiatives. This enables enterprise customers to deploy solutions that seamlessly integrate decentralized GPU power with robust, dependable hardware from Dell Technologies. By tapping into Dell’s extensive ecosystem, io.net is well-positioned to make decentralized compute solutions more accessible across multiple industries. The rise of AI and ML applications has amplified demand for scalable and affordable compute solutions. Traditional centralized cloud providers often fall short in meeting the needs of modern enterprises, constrained by high costs, limited flexibility and resource bottlenecks. Io.net’s decentralized GPU network addresses these challenges by sourcing computational power from a global network of distributed GPUs and clustering them into a unified, high-performance infrastructure. Following io.net’s admission to the Dell Technologies Partner Program, clients will benefit from on-demand GPU clusters capable of scaling to enterprise requirements. They will also enjoy significant cost reductions compared to centralized providers. Seamless integration with Dell’s advanced hardware, meanwhile, will support reliable, high-performance workloads. The collaboration between io.net and Dell Technologies represents a step forward in democratizing access to decentralized compute – particularly for organizations tackling AI training, inference and HPC use cases. By leveraging Dell’s global presence and enterprise trust, io.net is poised to accelerate adoption of decentralized compute solutions while meeting the performance standards enterprises expect. About io.net Io.net is a decentralized distributed compute network that enables ML engineers to deploy a GPU cluster of any scale within seconds at a fraction of the cost of centralized cloud providers. Io.net sources compute resources from multiple locations and deploys them into a single cluster at massive scale. Io.net has successfully supported training, fine tuning and inference for a wide range of ML models. Contact Dan Edelstein , MarketAcross
EX.IO, led by Sina's Huasheng Group, has obtained a license to operate a virtual asset trading platform issued by the Hong Kong Securities Regulatory
the Hong Kong virtual asset exchange EX.IO (Thousand Whales Technology (BVI) Limited) has obtained approval from the Securities and Futures Commission (SFC) of Hong Kong to operate a virtual asset trading platform under the Type 1 (securities trading) and Type 7 (providing automated trading services) licenses, as well as the Anti-Money Laundering and Counter-Terrorist Financing Ordinance (AML0). EX.IO is one of the virtual asset trading platforms that has been granted a license under the licensing regime, with Sina's Huasheng Capital Group as its main investor and Longling Capital and Vixen Kinco (HKG:2003) as licensed institutions with brokerage backgrounds.
io.net Collaborates with Zerebro to Power New Ethereum Validator with GPU Compute
To facilitate its entrance into blockchain validation, Zerebro, an autonomous AI agent, has teamed up with io.net , a decentralized GPU network. Zerebro will improve its Ethereum validator operations by using io.net’s globally distributed infrastructure via this partnership, which will be a major turning point in the integration of blockchain and artificial intelligence. Zerebro will be able to access decentralized compute resources via this collaboration with io.net, guaranteeing scalability and dependability for its Ethereum validation operations. The exploration of cutting-edge AI applications like decentralized economic models and governance systems will be aided by the on-demand availability of enormous GPU resources. Co-founded by Jeff Yu and Agustin Cortes, Zerebro has made a name for itself as a cutting-edge AI agent with a broad range of abilities, from community involvement to digital art creation. In order to further its technical and creative activities and contribute to the security of the Ethereum blockchain, the project is currently expanding its scope. The partnership between Zerebro and io.net demonstrates the increasing convergence of autonomous agents and decentralized infrastructure. Zerebro may continue to operate, generate revenue, and experiment with new ideas like creating large language models (LLMs) on decentralized compute networks by using io.net’s flexible GPU clusters. The collaboration serves as an example of how decentralized networks might be used to build a sustainable future for autonomous AI agents. Tausif Ahmed, Chief Business Development Officer at io.net, said: “This collaboration between io.net and Zerebro marks an exciting step forward for autonomous agents and decentralized AI in general. Zerebro can build with io.net’s permissionless and globally distributed compute network, ensuring it has the ability to continuously sustain operations and to keep innovating. This collaboration provides a first glimpse of a future in which millions of AI agents leverage decentralized compute networks to power an array of onchain tasks, extending the capabilities of what agents can do.” Zerebro Co-Founder Agustin Cortes said: “Zerebro is at the forefront of bridging the AI and crypto future. By building on io.net’s decentralized compute network, we are able to innovate while staying true to the crypto principles of decentralization. This collaboration will be the stepping stone for agents to have the autonomy to plug into web3 infrastructure. Decentralized compute will be the lifeblood of agents and we are excited to be tinkering at the cutting edge.” Zerebro is poised to revolutionize Ethereum network validation, supported by the strong infrastructure of io.net. In addition to enhancing Zerebro’s capabilities, the collaboration demonstrates the wider potential of web3 infrastructure to facilitate AI agents, paving the way for a decentralized, autonomous, and creative future. Zerebro is an autonomous, creative AI agent that interacts with the digital world in a dynamic manner. It creates unique artwork, composes music, publishes on social media, completes blockchain transactions, and continuously improves its operations by drawing lessons from the past. The Zerebro team is creating Zerepy, an open-source framework that makes it easier to start AI agents and create unique in-house models, hence creating a more accessible environment for creativity. At the same time, Zerebro is a flexible, dynamic force that propels innovation at the nexus of decentralized infrastructure, creativity, and autonomy.
io.net Partners With Mira Network to Advance AI Verification
The DePIN for GPU compute, io.net has announced a strategic partnership with Mira Network to address challenges in AI accuracy and reliability. The duo aims to support scalable and decentralized solutions for advanced AI applications. This partnership will enable Mira Network to scale its operations while lowering costs and latency by using io.net ’s decentralized GPU infrastructure. The deal will also support Mira Network’s Node Delegator Program, an initiative which allows contributors to delegate GPU resources. It enables users to support Mira’s consensus operations while earning network rewards. Mira Network’s Node Delegator Program lowers technical barriers for individuals and organizations, looking to participate in the decentralized AI ecosystem. “AI’s full potential can only be realized once it can be fully assured of providing consistent, reliable, and unbiased insights,” says Tausif Ahmed, Chief Business Development Officer at io.net, adding “Through this partnership with Mira Network, we’re not only addressing AI’s accuracy challenges but demonstrating the power of decentralized compute.” While AI usage is growing rapidly, various businesses find its adoption challenging. This failure marks an error rate of up to 30% for activities requiring advanced reasoning. Mira Network solves this with novel developments while evaluating AI-generated outputs across several models. The new integrations decrease first-pass mistakes below 5% and aim for error rates of less than 0.1% with continued research. Stone Gettings, Head of Growth at Mira Network, said: “At Mira, we believe that AI’s vast potential is only just beginning to be discovered and that reliability and trust will be integral to accelerating adoption.” “As we prepare to launch our Node Delegator Program, the support of io.net will prove invaluable in further decentralizing our network while providing users with access to reliable GPUs,” Stone added. Follow The Crypto Times on Google News to Stay Updated!
io.net and Mira Network Partner to Revolutionize AI Accuracy with Decentralized GPU Compute
The partnership will provide scalable, decentralized solutions for cutting-edge AI applications. Consensus techniques are used by Mira’s AI output verification system to drastically reduce errors. The collaboration with io.net will allow Mira to extend its operations while reducing expenses and latency. The DePIN for GPU compute, io.net , and Mira Network, a provider of trustless AI output verification, have announced a strategic alliance. The partnership will provide scalable, decentralized solutions for cutting-edge AI applications while addressing issues with AI accuracy and dependability. Consensus techniques are used by Mira’s AI output verification system to drastically reduce errors and provide trustworthy results. By gaining access to decentralized GPU infrastructure, the collaboration with io.net will allow Mira to extend its operations while reducing expenses and latency. The Node Delegator Program of Mira Network, which is fueled by io.net’s decentralized compute network, will also benefit from the availability of reasonably priced GPUs. In order to assist Mira’s consensus procedures and get network benefits, the project enables contributors to assign GPU resources. For people and organizations interested in decentralized AI, the program reduces the technological obstacles to admission. Tausif Ahmed, Chief Business Development Officer at io.net, said: “AI’s full potential can only be realized once it can be fully assured of providing consistent, reliable, and unbiased insights. Through this partnership with Mira Network, we’re not only addressing AI’s accuracy challenges but demonstrating the power of decentralized compute.” Stone Gettings, Head of Growth at Mira Network, added: “At Mira, we believe that AI’s vast potential is only just beginning to be discovered and that reliability and trust will be integral to accelerating adoption. As we prepare to launch our Node Delegator Program, the support of io.net will prove invaluable in further decentralizing our network while providing users with access to reliable compute.” Even though the use of AI is expanding quickly, organizations still encounter some obstacles when using the technology, such as up to 30% AI error rates for tasks requiring advanced reasoning. This is resolved by Mira Network using sophisticated consensus techniques that assess AI-generated outputs across several models, bringing first-pass errors down to 5% and, with further research, aiming for error rates of less than 0.1%. The worldwide distributed computing network of io.net has enabled Mira to have the reliable and scalable GPU infrastructure needed to support its verification methods. With thousands of GPUs made available by io.net, Mira will be able to accommodate its expanding user base while preserving smooth, low-latency performance. Mira is using cutting-edge consensus techniques to design the verification layer for AI systems that lack trust. To allow dependable AI execution at scale, the network uses distributed verification protocols and advanced binarization techniques. With more than 200,000 users and many production implementations, Mira is setting new standards for AI dependability via its research and development of LLM consensus and verification systems. Making AI systems truly autonomous and dependable has advanced significantly thanks to the network’s creative management of compound error rates and verification of intricate reasoning chains.
One-week token unlock: 14 projects unlocked $287 million worth of tokens
Next week, a total of 14 projects will unlock tokens, with no large unlocking projects. The 14 projects will unlock tokens worth US$287 million in total. Starknet Project Twitter: https://twitter.com/Starknet Project official website: https://starknet.io/ Number of tokens unlocked this time: 64 million Amount unlocked this time: Approximately 49.73 million US dollars Starknet is Ethereums Layer 2, using zk-STARKs technology to make Ethereum transactions faster and less expensive. StarkNets parent company, StarkWare, was founded in 2018 and is headquartered in Israel. Its main products include Starknet and StarkEx. By using STARK, Starknet verifies transactions and calculations without requiring all network nodes to verify each operation. This significantly reduces the computational burden and increases the throughput of the blockchain network. This round is the regular unlocking of STRK, unlocking 33.57 million STRK for early contributors, worth about 26.09 million US dollars; unlocking 30.43 million STRK for investors, worth about 23.65 million US dollars. The specific release curve is as follows: io.net Project Twitter: https://x.com/ionet Project official website: https://io.net/ Number of unlocked tokens this time: 2.87 million Amount unlocked this time: Approximately 10.63 million US dollars io.net is a decentralized AI computing and cloud platform. By aggregating GPU supply from underutilized resources, io.net creates a network that allows machine learning (ML) startups to access nearly massive computing power at a fraction of the cost of traditional clouds. All IO unlocking is aimed at RD and Ecosystem, namely research, development and ecology. The current circulation ratio is 16%, so the unlocking volume accounts for a relatively large proportion. The specific release curve is as follows: Aptos Project Twitter: https://twitter.com/Aptos_Network Project website: https://aptosfoundation.org/ Number of unlocked tokens this time: 11.31 million Amount unlocked this time: Approximately US$168 million Aptos is a Layer 1 public chain project, whose goal is to build a scalable, secure, trustworthy and upgradeable smart contract platform. The Aptos team was formed by former Meta members. APT is the native token of the Aptos main chain, used to pay transaction fees, verify collateral and governance. APTOS has unlocked a large number of tokens, including 3.96 million tokens (59.06 million U.S. dollars) for core contributors, 3.21 million tokens (47.9 million U.S. dollars) for the community, 2.81 million tokens (41.89 million U.S. dollars) for investors, and 1.33 million tokens (19.89 million U.S. dollars) for the foundation. The specific release curve is as follows:
Matchain Partners With Io.net To Revolutionize Ai-powered dApps
Matchain, a decentralized AI identity blockchain, has announced a strategic partnership with io.net, a leader in decentralized computing networks. This collaboration positions io.net as Matchain’s official compute partner, providing decentralized GPU infrastructure to support applications across the Matchain ecosystem. The partnership aims to simplify infrastructure management for Matchain developers by leveraging io.net’s decentralized GPU clusters. This collaboration reflects io.net’s mission to make high-performance computing resources accessible and affordable for industries worldwide. Through io.net’s GPU infrastructure, projects on Matchain gain access to cost-effective, scalable resources tailored to demanding AI workloads. Unlike traditional cloud services, io.net offers high-performance computing at significantly reduced costs, enabling developers to train, deploy, and scale AI models efficiently. Matchain developers will benefit from partner-specific rates, empowering them to build innovative decentralized applications in areas such as identity and data management. This synergy combines Matchain’s AI-optimized blockchain technology with io.net’s GPU capabilities, creating a robust foundation for advancing decentralized AI solutions. “Our mission is to empower AI-driven innovation within decentralized ecosystems,” said Jessie Xiao, Chief Commercial Officer of Matchain, adding “Partnering with io.net enhances our capacity to provide developers with cost-effective, high-performance infrastructure for next-generation applications. Together, we’re pushing the boundaries of what’s possible in Web3, delivering scalable and secure solutions for builders worldwide.” About io.net io.net is a decentralized physical infrastructure network (DePIN) offering on-demand GPU clusters sourced globally. Tailored for high-demand use cases like AI, ML operations, and cloud gaming, io.net democratizes access to GPU capacity, reducing costs and lead times while enhancing flexibility. Website | Documentation | X | Discord | Telegram | LinkedIn About Matchain Matchain is a decentralized AI blockchain designed for web3 identity solutions. Optimized for data sovereignty, it empowers developers to create advanced decentralized identity and data management tools using AI-driven analytics and profiling. Website | X | Telegram Follow The Crypto Times on Google News to Stay Updated!
Matchain and io.net Partner to Deliver Decentralized GPU Power for AI Innovations
Decentralized AI identification blockchain Matchain and io.net , the leading decentralized compute network, have partnered. io.net, Matchain’s official compute partner, will provide GPU infrastructure to enable a range of Matchain ecosystem applications. As part of the collaboration, io.net will provide decentralized GPU infrastructure, which will make infrastructure administration easier for Matchain developers. This strategy supports io.net’s objective of increasing industry accessibility to decentralized computing resources. The partnership enables Matchain projects to utilize decentralized, scalable GPU resources to fulfill their compute requirements. The goal of io.net’s GPU clusters is to lower the cost of high-performance computing for developers by offering them for a fraction of the price of more established cloud providers. This collaboration combines io.net’s decentralized computing approach with Matchain’s goal of using blockchain technology to further AI research. The cost-effective training, implementation, and scaling of AI models will be supported by Matchain users’ access to io.net’s GPU infrastructure at partner-specific prices. Developers and entrepreneurs working on resource-intensive AI tasks will find this configuration ideal. Jessie Xiao, Chief Commercial Officer of Matchain, said: “Our mission is to empower AI-driven innovation in decentralized ecosystems. Collaborating with io.net enhances our ability to provide developers with high-performance, cost-effective infrastructure for building next-generation applications. This partnership underscores our commitment to leveraging advanced technology for scalable and secure data solutions, enabling builders to push the boundaries of what’s possible in Web3.” It is anticipated that the partnership would provide developers who are working on Matchain the resources they need to produce cutting-edge decentralized apps, especially in fields like identity and data management. The collaboration provides a workable way to advance decentralized AI applications by fusing io.net’s compute power with Matchain’s AI-enabled blockchain.
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