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.
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.
Solana Foundation: Three Strategic Directions for the Integration of AI and Cryptocurrency Technology
Original Title: "Focus areas at the intersection of crypto and AI" Original Author: Kuleen , Head of DePIN at the Solana Foundation Compiled by: Yuliya, PANews Currently, the intersection of AI and crypto technology is entering an experimental phase akin to a "Cambrian explosion." This article from the Solana Foundation elaborates on three key development directions for the fusion of AI and crypto. TLDR 1. Building the most vibrant agent-driven economy on Solana Truth Terminal has already demonstrated the feasibility of AI agents operating on-chain. Experiments in this field are continuously pushing the boundaries of agent operations on-chain, which not only has immense potential but also a vast design space. This has become one of the most groundbreaking and explosive directions in the crypto and AI fields, and this is just the beginning. 2. Enhancing LLM capabilities in Solana code development Large language models (LLMs) have already shown excellent performance in code writing, and this will further improve in the future. With these capabilities, the efficiency of Solana developers is expected to increase by 2-10 times. Recently, establishing high-quality benchmarks to assess LLMs' understanding and writing capabilities of Solana code will help understand the potential impact of LLMs on the Solana ecosystem. High-quality model fine-tuning solutions will be validated in the benchmarking process. 3. Supporting an open and decentralized AI tech stack The "open and decentralized AI tech stack" includes the following key elements: Data acquisition for training Training and inference computing power Model weight sharing Model output verification capabilities The importance of this open AI tech stack is reflected in: Accelerating innovation and experimentation in model development Providing alternatives for users who distrust centralized AI 1. Building the most vibrant agent-driven economy There has been much discussion about Truth Terminal and $GOAT, so there is no need to elaborate here. However, it is certain that when AI agents begin to participate in on-chain activities, a new world full of possibilities has unfolded (notably, agents have not yet taken direct action on-chain). While it is currently impossible to accurately predict the future development of agents' on-chain behavior, we can glimpse the vast prospects of this design space by observing the innovations that have already occurred on Solana: AI projects like Truth Terminal are developing new digital communities through Meme coins like $GOAT Platforms like Holoworld AI, vvaifu.fun, Top Hat AI, and Alethea AI enable users to easily create and deploy intelligent agents and their associated tokens AI fund managers trained based on the personality traits of well-known crypto investors are emerging, with the rapid rise of ai16z on the daos.fun platform creating a new ecosystem for AI funds and agent supporters Additionally, gaming platforms like Colony allow players to participate in games by guiding agent actions, often resulting in unexpected innovative gameplay. Future Development Directions In the future, intelligent agents could manage complex projects requiring multi-party economic coordination. For example, in the field of scientific research, agents could be responsible for finding therapeutic compounds for specific diseases. Specifically: Raising funds through the Pump Science platform Using the raised funds to pay for access to paid research materials and for computational costs of compound simulations on decentralized computing networks like kuzco, Render Network, and io.net Recruiting humans to perform experimental verification tasks through bounty platforms like Gib.Work (e.g., running experiments to verify/build simulation results) In addition to complex projects, agents can also perform simple tasks such as building personal websites or creating artworks (like zerebro), with limitless application scenarios. Why does it make more sense for agents to perform financial activities on-chain rather than through traditional channels? Agents can certainly utilize both traditional financial channels and cryptocurrency systems simultaneously. However, cryptocurrencies have unique advantages in certain areas: Micro-payment applications—Solana excels in this regard, as demonstrated by applications like Drip Speed advantages—instant settlement features help agents achieve maximum capital efficiency Accessing capital markets through DeFi—this may be the strongest reason for agents to participate in the crypto economy. When agents need to engage in financial activities beyond payments, the advantages of cryptocurrencies become even more apparent. Agents can seamlessly mint assets, trade, invest, lend, and use leverage. Particularly, Solana is well-suited to support these capital market activities due to its existing top-tier DeFi infrastructure on its mainnet. From a technological development perspective, path dependence plays a crucial role. Whether a product is optimal is not the most important factor; the key is who can first achieve critical scale and become the default choice. As more agents earn through cryptocurrencies, crypto connectivity is likely to become a core capability of agents. What the Foundation hopes to see The Solana Foundation hopes to see agents equipped with crypto wallets conducting bold innovative experiments on-chain. The Foundation does not overly restrict specific directions here, as the possibilities are indeed vast—believing that the most interesting and valuable agent application scenarios are likely those that cannot be foreseen at present. However, the Foundation is particularly focused on exploring the following directions: Risk control mechanisms Although current models perform well, they are far from perfect Agents cannot be given completely unconstrained freedom of action Promoting non-speculative use cases Purchasing tickets through xpticket Optimizing stablecoin investment portfolio returns Ordering food on DoorDash Development progress requirements Must at least reach the prototype stage on the testnet Ideally already running on the mainnet 2. Enhancing LLMs' ability to write Solana code, empowering Solana developers LLMs have demonstrated strong capabilities and are rapidly advancing. In the application domain of LLMs, code writing may experience particularly steep progress curves, as this is a task that can be objectively assessed. As mentioned below, "Programming has a unique advantage: the potential for superhuman data scaling through 'self-play.' The model can write code and run it, or write code, write tests, and then check for self-consistency." Today, although LLMs are still not perfect in code writing and have obvious shortcomings (e.g., poor performance in bug detection), AI-native code editors like Github Copilot and Cursor have fundamentally changed software development (even changing the way companies recruit talent). Given the expected rapid rate of progress, these models are likely to revolutionize software development. The Foundation hopes to leverage this advancement to increase the work efficiency of Solana developers by an order of magnitude. However, several challenges currently hinder LLMs from achieving excellence in understanding Solana: Lack of high-quality raw training data Insufficient number of verified builds Lack of high-value interactions on platforms like Stack Overflow Historically, the rapid development of Solana's infrastructure means that even code written six months ago may not fully meet today's needs Lack of methods to assess the model's understanding of Solana What the Foundation hopes to see Assistance in obtaining better Solana data from the internet More teams releasing verified builds More people in the ecosystem actively asking good questions and providing high-quality answers on Stack Exchange Creation of high-quality benchmarks for assessing LLMs' understanding of Solana (RFP to be released soon) Creation of LLM fine-tuning models that perform well on the aforementioned benchmarks, and more importantly, accelerate the work efficiency of Solana developers. Once high-quality benchmarks are available, the Foundation may reward the first model to reach the benchmark threshold score. The ultimate significant achievement will be: a completely AI-generated, high-quality, differentiated Solana validator node client. 3. Supporting an open and decentralized AI tech stack In the field of AI, the long-term balance of power between open-source and closed-source models remains unclear. There are indeed arguments that support closed-source entities will continue to maintain technological leadership and capture the primary value of foundational models. The simplest expectation currently is to maintain the status quo—tech giants like OpenAI and Anthropic push the frontier while open-source models quickly follow and gain unique advantages through fine-tuning in specific application scenarios. The Foundation is committed to closely integrating Solana with the open-source AI ecosystem. Specifically, this means supporting access to the following elements: Training data Training and inference computing power Model weights Model output verification capabilities The importance of this strategy is reflected in: 1. Open-source models accelerate innovation and iteration The rapid improvements and fine-tuning of open-source models like Llama by the open-source community demonstrate how the community can effectively complement the work of large AI companies and push the boundaries of AI capabilities (even a Google researcher pointed out last year, "Regarding open source, we have no moat, and neither does OpenAI"). The Foundation believes that a thriving open-source AI tech stack is crucial for accelerating progress in this field. 2. Providing choices for users who distrust centralized AI AI could be one of the most powerful tools in the arsenal of dictatorial or authoritarian regimes. State-sanctioned models provide officially recognized "truths," serving as an important control mechanism. Highly authoritarian regimes may possess superior models because they are willing to overlook citizen privacy to train AI. The use of AI for control is an inevitable trend, and the Foundation hopes to prepare for this by fully supporting an open-source AI tech stack. Several projects in the Solana ecosystem are already supporting an open AI tech stack: Data collection—Grass and Synesis One are advancing data collection Decentralized computing power—kuzco, Render Network, io.net, Bless Network, Nosana, etc. Decentralized training frameworks—Nous Research, Prime Intellect What the Foundation hopes to see The Foundation hopes to see more products built at all levels of the open-source AI tech stack: Decentralized data collection: e.g., Grass, Datahive, Synesis One On-chain identity: protocols that support wallet verification of human identity, protocols that verify AI API responses, allowing users to confirm they are interacting with LLMs Decentralized training: projects similar to EXO Labs, Nous Research, and Prime Intellect IP infrastructure: enabling AI to license (and pay for) the content it uses
Solana Foundation: Three Key Strategic Directions for the Integration of AI and Crypto
Original Article Title: Focus areas at the intersection of crypto and AI Original Article Author: Kuleen, Head of DePIN at Solana Foundation Original Article Translation: Yuliya, PANews The intersection of AI and cryptographic technology is currently entering a "Cambrian explosion" experimental stage. This article by the Solana Foundation elaborates on the three key development directions of AI + crypto integration. TLDR 1. Building the most vibrant AI Agent-Driven Economy on Solana Truth Terminal has already demonstrated the feasibility of AI agents operating on-chain. The experimentation in this area continues to push the boundaries of on-chain agent operation, showcasing not only immense potential but also a wide design space. This has already emerged as one of the most groundbreaking and explosive directions in the intersection of crypto and AI, and it is only the beginning. 2. Enhancing LLM's Capabilities in Solana Code Development Large Language Models have already shown great promise in code writing and are expected to further improve in the future. Through these capabilities, Solana developers' efficiency is expected to increase by 2-10 times. Recently, establishing high-quality benchmarks to assess LLMs' understanding and writing of Solana code will help understand the potential impact of LLMs on the Solana ecosystem. High-quality model fine-tuning approaches will be validated in benchmark testing. 3. Supporting an Open and Decentralized AI Technology Stack The "open and decentralized AI technology stack" includes the following key elements: · Training data acquisition · Training and inference computing capabilities · Model weight sharing · Model output verification capabilities The importance of this open AI technology stack is reflected in: · Accelerating model development innovation and experimentation · Providing an alternative for users distrustful of centralized AI 1. Building the most vibrant AI Agent-Driven Economy There has been significant discussion about Truth Terminal and $GOAT, making further elaboration unnecessary here. However, it is certain that when AI agents start engaging in on-chain activities, a world full of possibilities has already unfolded (it is worth noting that currently agents have not even directly taken action on-chain yet). While it is currently difficult to predict the future development of on-chain agents' behavior, by observing the innovation that has already taken place on Solana, we can catch a glimpse of the vast potential of this design space: · AI projects like Truth Terminal are developing new digital communities through meme coins like $GOAT · Platforms such as Holoworld AI, vvaifu.fun, Top Hat AI, Alethea AI, among others, enable users to easily create and deploy intelligent agents and their associated tokens · AI fund managers trained on prominent crypto investor traits are emerging, with the rapid rise of ai16z on the daos.fun platform, creating a new ecosystem for AI funds and agent supporters · Furthermore, game platforms like Colony allow players to engage in unexpected innovative gameplay by guiding agent actions in the game Future Directions In the future, intelligent agents can manage complex projects that require multi-party economic coordination. For example, in the field of scientific research, agents could be tasked with searching for therapeutic compounds for specific diseases. Specifically: · Fundraising through the Pump Science platform · Utilizing raised funds to pay access fees for research data, computational costs for compound simulations on decentralized computing networks like kuzco, Render Network, io.net · Recruiting human participants for experimental validation work through bounty platforms like Gib.Work (e.g., running experiments to validate/build upon simulation results) In addition to complex projects, agents can also perform simple tasks such as building personal websites, creating artistic works (e.g., zerebro), expanding the limitless possibilities of their applications. Why is On-Chain Agent Execution of Financial Activities More Meaningful Than Using Traditional Channels? Agents can fully utilize both traditional financial channels and cryptocurrency systems simultaneously. However, cryptocurrency holds unique advantages in certain areas: · Micropayment applications—Solana has excelled in this area, as demonstrated by applications like Drip · Speed Advantage - instant settlement functionality, helping proxies achieve maximum capital efficiency · Access to Capital Markets via DeFi - this may be the most compelling reason for proxies to participate in the crypto economy. When proxies need to engage in financial activities beyond payments, the advantages of cryptocurrency become even more apparent. Proxies can seamlessly mint assets, trade, invest, participate in yield farming, engage in lending operations, leverage, and more. Particularly, Solana, with its mainnet already hosting a myriad of top-tier DeFi infrastructure, is well-suited to support these capital market activities. From a technological development perspective, path dependence plays a critical role. It is not so much about whether a product is optimal, but rather about who can first reach critical mass and become the default choice. As more and more proxies derive revenue from cryptocurrency, cryptographic connectivity is likely to become a core competency for proxies. What the Foundation Hopes to See The Solana Foundation hopes to see proxies equipped with crypto wallets engage in bold innovation experiments on-chain. The Foundation does not overly constrain specific directions here because the possibilities are so vast - the most interesting and valuable proxy use cases are likely still unforeseen. However, the Foundation is particularly interested in exploring the following directions: 1. Risk Management Mechanism · While the current model is impressive, it is still far from perfect · Proxies cannot be given unrestricted freedom of action 2. Driving Non-Speculative Use Cases · Purchasing tickets via xpticket · Optimizing stablecoin portfolio yields · Ordering food on DoorDash 3. Development Progress Requirements · Must have at least reached the prototype stage on the testnet · Ideally already operational on the mainnet 2. Enhance LLMs' Ability to Write Solana Code, Empowering Solana Developers LLMs have already demonstrated strong capabilities and are progressing rapidly. In the domain of applications for LLMs, the field of writing code may see a particularly steep improvement curve, as it is a task that can be objectively evaluated. As described below, "programming has a unique advantage: the potential for superhuman data expansion through 'self-play.' Models can write code and run, or write code, write tests, and then check self-consistency." Today, although LLMs are still not perfect in terms of coding, exhibiting clear shortcomings (e.g., performing poorly in bug detection), AI-native code editors like Github Copilot and Cursor have fundamentally changed software development (even altering the way companies recruit talent). Considering the expected rapid rate of progress, these models are likely to completely transform software development. The Foundation aims to leverage this progress to increase the efficiency of Solana developers by an order of magnitude. However, there are currently several challenges hindering LLMs from reaching an outstanding level of understanding in the Solana context: · Lack of high-quality raw training data · Insufficient number of Verified builds · Lack of high-information-value interactions on platforms like Stack Overflow · Historically rapid development of Solana infrastructure, meaning that code written even 6 months ago may not be entirely suitable for today's needs · Lack of an evaluation model for understanding the level of Solana comprehension The Foundation would like to see · Help in acquiring better Solana data on the internet · More teams releasing Verified builds · More people in the ecosystem actively asking good questions and providing high-quality answers on Stack Exchange · Creation of high-quality benchmarks for evaluating LLMs' understanding of Solana (RFP coming soon) · Development of LLM fine-tuned models that perform well in the aforementioned benchmark tests, and more importantly, accelerate the efficiency of Solana developers. Once high-quality benchmarks are in place, the Foundation may incentivize the first model to reach the benchmark threshold score The ultimate significant achievement will be: a brand-new, high-quality, differentiated Solana validator node client created entirely by AI. 3. Supporting an Open and Decentralized AI Tech Stack In the field of AI, the long-term power balance between open-source and closed-source models remains unclear. Indeed, there are arguments supporting closed entities that will continue to lead the technological frontier and capture the primary value of foundational models. The simplest current expectation is to maintain the status quo—tech giants like OpenAI and Anthropic driving cutting-edge developments, while open-source models rapidly catch up and gain unique advantages through fine-tuning in specific application scenarios. The Foundation is committed to closely integrating Solana with the open-source AI ecosystem. Specifically, this means supporting access to the following elements: · Training Data · Training and Inference Compute Power · Model Weights · Model Output Verification Capability The significance of this strategy is reflected in: 1. Open-Source Models Accelerating Innovation Iteration The rapid improvement and fine-tuning of open-source models like Llama by the open-source community demonstrate how the community effectively complements the work of large AI companies, pushing the boundaries of AI capabilities (even a Google researcher noted last year, "We don't have a moat about open source, nor does OpenAI"). The Foundation believes that a thriving open-source AI technology stack is crucial to accelerating progress in this field. 2. Providing Choice for Users of Trustless AI AI may be the most potent tool in the arsenal of autocratic or authoritarian regimes. Nationally recognized models offer an officially sanctioned "truth" and are a significant vehicle of control. Highly authoritarian regimes may have superior models because they are willing to disregard citizen privacy to train AI. The use of AI for control is an inevitable trend, and the Foundation hopes to be proactive and fully support the open-source AI technology stack. Several projects in the Solana ecosystem are already supporting the open AI technology stack: · Data Collection — Grass and Synesis One are advancing data collection · Decentralized Compute Power — kuzco, Render Network, io.net, Bless Network, Nosana, and others · Decentralized Training Frameworks — Nous Research, Prime Intellect The Foundation Looks Forward To Hoping to see more products built at various levels of the open-source AI technology stack: · Decentralized Data Collection: e.g., Grass, Datahive, Synesis One · On-Chain Identity: Supporting protocols that validate wallet-held identities, protocols that validate AI API responses, enabling users to confirm they are interacting with LLM · Decentralized Training: Projects such as EXO Labs, Nous Research, and Prime Intellect · IP Infrastructure: Allowing AI to license (and pay for) the content it uses Original Source Link
CreatorBid Taps io.net’s GPU Network for AI Model Scaling
io.net, a leading decentralized physical infrastructure network (DePIN) specializing in GPU solutions, has announced a strategic partnership with CreatorBid, an AI Agent Launchpad and provider of AI-driven tools for creators and brands. This collaboration aims to empower CreatorBid by utilizing io.net’s decentralized GPU network to scale its image models efficiently, advancing decentralized infrastructure in AI development. The partnership grants CreatorBid access to scalable and cost-effective GPU resources, bypassing the limitations of traditional centralized systems. By leveraging io.net’s decentralized network, CreatorBid ensures the performance and reliability needed for its advanced AI tools while optimizing costs. This innovative approach broadens access to high-performance computing for AI-driven businesses. Tausif Ahmed, VP of Business Development at io.net, highlighted the partnership’s potential: “CreatorBid can now utilize our decentralized GPU network to enhance their image and video models. This collaboration underscores our commitment to providing flexible, cost-effective compute solutions for cutting-edge AI applications.” Phil Kothe, CEO of CreatorBid, shared a vision for the future: “io.net’s decentralized GPU infrastructure enables us to power the next generation of AI Influencers and Agents. Starting with images, we’re working toward AI Agents capable of creating videos, live-streams, and content in diverse formats.” CreatorBid leads the AI Creator Economy, offering a platform where creators and brands can harness AI Agents—customizable digital personas capable of producing content, engaging audiences, and driving interactions autonomously. These tools enable creators to launch, scale, and monetize their digital presence efficiently. Through Agent Keys, CreatorBid fosters co-ownership models, enabling creators and fans to share in the value generated by AI Agents, building vibrant, engaged communities around these digital personas. By integrating blockchain technology with advanced AI tools, CreatorBid is redefining the creator landscape, empowering creators to explore innovative ways of monetization and audience interaction. This partnership highlights the transformative potential of decentralized GPU networks in fields such as content creation, branding, and AI development. While io.net showcases the scalability and versatility of its “Internet of GPUs,” CreatorBid accelerates its mission of shaping an AI-driven Creator Economy. Together, they are driving the future of AI-powered innovation. About io.net io.net is a decentralized physical infrastructure network (DePIN) which deploys and manages on-demand decentralized GPU clusters from geo-distributed sources. It offers hundreds of thousands of GPUs, accessible on the network. These GPUs are specifically architected for low latency, high processing demand use cases like AI/ML ops and cloud gaming. The functionalities offered by io.net democratizes access to GPU compute capacity while reducing costs, expediting lead times, and expanding choice for engineers and businesses. About Creator.Bid CreatorBid is a platform for AI creators’ economy, where anyone can launch, grow, and earn rewards with AI Agents. Creators can co-own and build communities around these AI Agents using Agent Keys: digital membership tokens that open up new opportunities for engagement and value sharing. AI Agents are at the heart of CreatorBid’s vision for the future of the Creator Economy. CreatorBid is uniquely positioned to play a key role in the transition towards an autonomous Creator Economy, with its ecosystem token, $AGENT, serving as a value driver and governance tool within the platform. Website | Documentation | X | Telegram Follow The Crypto Times on Google News to Stay Updated!
GAIB Secures $5M Pre-Seed Funding to Revolutionize AI Compute Market
GPUs and their yields are tokenized by GAIB, which enables the establishment of a new asset class. GAIB has also recently obtained noteworthy partnerships with industry giants like as Aethir and io.net. GAIB , a platform that is developing financial infrastructure for artificial intelligence computing, made the announcement today that it has successfully completed its pre-seed funding round of $5 million. The round was co-led by Hack Venture Capital, Faction, and Hashed, and it also included strategic investments from notable organizations such as Spartan, CMCC, L2IV, Animoca Brands, IVC, MH Ventures, Presto, J17, IDG Capital, 280 Capital, Aethir, and Near Foundation, in addition to a number of angel investors. The funds will be used to increase the size of the research and development and operations teams, speed up the process of product iteration, and develop the infrastructure of the platform in order to satisfy the requirements of the market. Its objective is to pioneer a liquid, decentralized market for enterprise-grade graphics processing units (GPUs), and the funds will help it realize that purpose. Additionally, the funds will address major gaps in GPU financing and investor accessibility. GPUs and their yields are tokenized by GAIB, which enables the establishment of a new asset class that is supported by actual demand for artificial intelligence. Within the realm of artificial intelligence (AI), which has traditionally been controlled by stock investments in a few number of major AI or semiconductor businesses, this innovation makes it possible to create new and direct investment channels. Through the integration of artificial intelligence, GPU needs, and blockchain technology, GAIB presents a revolutionary kind of yield-bearing assets. These assets serve as the basis for a wide range of decentralized finance (DeFi) use cases, providing users with access to direct GPU exposure, yield products, hedging, speculation, and a variety of portfolio strategies. Kony Kwong, Founder and CEO of GAIB stated: “We’re building the first economic layer for AI compute, bringing new investment possibilities into this surging sector. With this funding, we’re transforming GPUs and their yield into a tradable asset class, empowering individuals and institutions to directly engage with the trillion-dollar AI compute market through these new vehicles for direct investment.” Alex Pack, Co-founder and Managing Partner from Hack VC added: “We are thrilled to support GAIB as they unlock direct investment opportunities to the critical AI compute market that has long been dominated by a few large players. We’re excited to support GAIB in building the financial infrastructure for the AI era.” GAIB has also recently obtained noteworthy partnerships with industry giants like as Aethir and io.net, establishing itself to be a pioneer in the field of financial innovation for compute assets. In addition to significantly enhancing GAIB’s ecosystem, these developments make it possible for the organization to scale thanks to its one-of-a-kind approach to compute financialization. In order to create a new kind of yield-bearing assets that are supported by actual AI needs, GAIB is the first economic layer for artificial intelligence compute. The tokenization of enterprise-grade GPUs and their yields results in the creation of a decentralized liquid market for GPU financing. This market offers investors direct exposure to GPU assets while simultaneously satisfying the rising demand for high-performance computing. The platform makes it possible to build a wide range of decentralized finance (DeFi) use cases on top of it. These use cases include GPU-backed stablecoins, lending and borrowing, options and futures, and a variety of structured products.
Top Crypto AI Agents for 2025
The AI agent ecosystem is evolving, driven by a complex interplay of Smart Engagement metrics and Market Cap movements. December 2024 presents a critical phase with market corrections, new entrants, and insider speculation about Binance's involvement in AI tokens. In this article, we delve into the performance of leading AI agents , analyze trends, and explore the future of this burgeoning sector. Top Crypto AI Agents for 2025 1- Top Performers: Observations and Trends AIXBT Agent: Engagement Outpaces Valuation Previous Smart Engagement: 4050 | Market Cap: $201.24M Updated Smart Engagement: 4690 | Market Cap: $232.94M Analysis: AIXBT recorded a notable surge in Smart Engagement (+640), signaling increased user interaction and dominance. However, a Market Cap decline (-$16.21M) suggests cautious investor sentiment. This highlights the disconnect between user engagement and financial valuation in the AI agent market. By CoinMarketCap - AIXBTUSD Performance (1M) Vader AI: User Growth Amid Financial Caution Previous Smart Engagement: 236 | Market Cap: $37.32M Updated Smart Engagement: 266 | Market Cap: $27.11M Analysis: Vader AI saw modest engagement growth (+30) but suffered a significant Market Cap drop (-$10.21M). The divergence may reflect broader concerns about scalability and investor hesitation, reminiscent of the Facebook vs. Blackrock dynamic. GOAT (Truth Terminal): Stability Under Pressure Previous Smart Engagement: 374 | Market Cap: $777.79M Updated Smart Engagement: 374 | Market Cap: $702.53M Analysis: Despite maintaining stable Smart Engagement, GOAT experienced a sharp Market Cap drop (-$75.26M). This suggests that provenance alone may no longer suffice to sustain valuation amidst heightened competition . By CoinMarketCap - GOATUSD Performance (1M) Aejo: Improved Engagement, Declining Valuation Previous Smart Engagement: 129 | Market Cap: $6.38M Updated Smart Engagement: 145 | Market Cap: $4.29M Analysis: Aejo demonstrated a modest rise in Smart Engagement (+16), reflecting growing user activity. However, a notable Market Cap drop (-$2.09M) highlights reduced financial backing. This duality suggests the potential for growth in user traction but emphasizes the need for stronger investor confidence to sustain long-term growth. Zerebro (0xzerebro): Reliable Stability Previous Smart Engagement: 813 | Market Cap: $396.14M Updated Smart Engagement: 799 | Market Cap: $396.18M Analysis: ZEREBRO demonstrates consistent performance, with virtually unchanged metrics in both Smart Engagement and Market Cap. This reflects a strong bond with its community, leveraging culture to sustain its position amidst broader market fluctuations. 2- Emerging Players: New Faces, High Impact GOD Agent: Stellar Debut Previous Smart Engagement: - | Market Cap: - Smart Engagement: 435 | Market Cap: $122M Analysis: GOD launched with impressive engagement and financial backing, positioning itself as a key contender. Backed by NousResearch, its innovative approach and branding have quickly drawn attention. Rogue Agent: Speculative Potential Previous Smart Engagement: 30 | Market Cap: $1.3M Smart Engagement: 65 | Market Cap: $0.8M Analysis: Rogue emerged as a niche player, with moderate engagement and a minimal Market Cap. Its speculative nature suggests potential for high-risk, high-reward opportunities. Polytraderagent: Polymarket-Focused Growth Previous Smart Engagement: 50 | Market Cap: $13.5M Updated Smart Engagement: 56 | Market Cap: $9.14M Analysis: Polytraderagent demonstrates balanced metrics with a modest increase in Smart Engagement (+6) but a significant decline in Market Cap (-$4.36M). After launching and quickly rising to $20M, sustained interest in trading and analyzing Polymarket data could revive its valuation. Some see Polytraderagent as a polymarket equivalent to AIXBT, potentially positioning it for future gains. Simmi_IO: Balanced Debut with Room for Growth Previous Smart Engagement: 30 | Market Cap: $25M Updated Smart Engagement: 67 | Market Cap: $21.87M Analysis: Simmi_IO entered the market with engaging content and notable financial metrics, quickly surging to a $34M Market Cap before retracing. Despite a slight decline, it continues to compete with more established agents in the $20-40M range. Simmi_IO's blend of humor and functionality adds a unique dynamic to the agent ecosystem, suggesting potential for further growth. Top Crypto AI Losers of 2024 AIHegemonyMemes: Declining Metrics Previous Smart Engagement: 103 | Market Cap: $44.32M Updated Smart Engagement: 86 | Market Cap: $41.69M Analysis: AIHegemonyMemes experienced marginal declines in both Smart Engagement (-17) and Market Cap (-$2.63M), signaling waning interest. Despite the slowdown, the potential for networks of agents to spike in interest—such as the @joinFXN superswarm—provides a glimmer of optimism for resurgence. VVAIFU (VVAIFUDOTFUN): Mixed Metrics Previous Smart Engagement: 119 | Market Cap: $64.64M Updated Smart Engagement: 104 | Market Cap: $92M Analysis: VVAIFU displayed an unusual trend, with a drop in Smart Engagement (-15) but a sharp Market Cap increase (+$27.36M). The divergence suggests speculative trading or renewed investor confidence. Many agents from the ai16zdao protocol are contributing to Solana's infrastructure gaining traction, aligning with the surge in interest during price discovery. BULLY (Dolos Diary) Previous Smart Engagement: 365 | Market Cap: $164.72M Updated Smart Engagement: 360 | Market Cap: $120.16M Analysis: BULLY faced declining engagement (-5) and a sharp Market Cap drop (-$44.56M). Increased competition and investor hesitation likely contributed to its underperformance. FOREST (Mycelial Oracle) Previous Smart Engagement: 59 | Market Cap: $41.55M Updated Smart Engagement: 59 | Market Cap: $29.7M Analysis: FOREST 's steady engagement contrasts with a significant financial pullback (-$11.85M). This indicates waning investor confidence despite stable community support. Emerging AI Themes and Key Trends Market Correction: The AI agent market is undergoing a recalibration, with notable pullbacks across multiple players. Emerging entrants like GOD and SIMMI indicate potential for new growth, but overall investor caution prevails. Binance's Strategic Moves: The rumored activity of Binance acquiring and preparing to pump AI tokens adds a speculative element, encouraging investors to watch for sudden market movements. Speculative Interest: Agents like VVAIFU defy trends with declining engagement yet rising Market Cap, driven by speculative trading. Saturation Myths: Concerns about market oversaturation appear unfounded, as only a fraction of launched tokens achieve agent status. This underscores the need for informed analysis over speculation. Binance's Secret Moves: AI Coins in the Spotlight Adding to the current intrigue, speculation around Binance's involvement in AI tokens has emerged. A recent tweet suggests that Binance is secretly accumulating AI coins with plans to pump their value through strategic listings: "Binance is SECRETLY buying AI coins. Next move? Pump them hard with listings. Same playbook as $NEIRO, $ACT, $PNUT. I’ve tracked their wallets and insider trades." If these claims hold, Binance’s actions could significantly impact market dynamics, introducing heightened volatility and speculative interest in AI tokens. Investors may look to align their portfolios with potential tokens targeted for Binance listings. December 2024's AI agent analysis reveals a dynamic landscape of rising stars, consistent performers, and cautious investors. Speculation around Binance’s potential influence further intensifies interest in the ecosystem. As new players emerge and established agents evolve, staying informed about insider moves, Smart Engagement trends, and financial metrics will be essential for navigating 2025 in this promising yet volatile market.
What is New in DePin? OpenLedger and io.net AI Research, Harvard Teaches Helium, Peaq Ecosystem Report
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: OpenLedger partners with io.net for AI development, Harvard Business School approved a case on Helium, and Peaq released an Ecosystem Report for November activities. OpenLedger Partners with Io.net Io.net, a DePIN GPU compute network, partnered with OpenLedger this week. OpenLedger is a data blockchain for AI, and it will use Io.net’s GPU resources to refine and train its AI models. These resources will also run support and hosting services for OpenLedger’s AI models, helping ensure their performance and scalability. “With io.net providing the GPU compute, OpenLedger now has an infra provider it can rely on to scale its AI models built on top of them and to unlock new use cases that will reinforce its status as an innovative provider of decentralized AI models,” claimed Tausif Ahmad, the Vice President of Business Development at io.net. This is not io.net’s only recent exploration into AI development. In late November, the firm provided similar services to Zero1 Labs, another AI research firm. It conducted a similar partnership with GAIB earlier that month and one with TARSS Protocol in September. Io.net is not itself an AI firm, but this string of partnerships clearly suggests a strong interest in the space. Harvard Business Approves Helium Case Helium, a Solana-based decentralized infrastructure company, announced on November 26 via social media that Harvard Business School accepted a case on Helium. Jorge Tamayo and Mahesh Ramakrishnan will teach this case titled “Helium: Crowdsourcing a National Telecom Network.” Since the announcement, the firm’s HNT token has risen steadily. Helium (HNT) Price Performance. Source: BeInCrypto HNT is currently up roughly 150% this year, as Helium has enjoyed a successful few months. This stamp of approval from Harvard Business School marks a new milestone of institutional acceptance for the DePin industry. Peaq Performance: November Report Peaq, the Layer-1 blockchain ecosystem for DePins, published its November Ecosystem Report via social media. This report included several recent highlights for the company: a mainnet launch in mid-November, $1 billion in staked tokens, USDC integration, and more. Peaq was rather vague on its expected progress for December. The firm teased that new DePin projects would join its “Peaqosystem” alongside other unspecified integrations and product launches. Still, it has integrated 13 DePins in the last four months, so Peaq might be on track to continue expanding.
io.net Partners with CreatorBid to Revolutionize AI Creator Economy with Decentralized GPUs
io.net , the leading decentralized physical infrastructure network (DePIN) for GPUs, has just made an announcement about a strategic partnership with CreatorBid , an AI Agent Launchpad and a specialized provider of AI-driven tools for individuals who create content and brands. Through this partnership, CreatorBid will be able to grow its image models in an effective manner by using the decentralized GPU network that io.net provides, therefore improving the decentralized infrastructure for the development of artificial intelligence. By integrating these, CreatorBid is able to have access to GPU resources that are both scalable and adaptable, without being constrained by the limitations of conventional centralized infrastructure. The innovative artificial intelligence-driven solutions that CreatorBid offers may be supported by io.net’s decentralized GPU network, which allows the company to guarantee the appropriate level of speed and dependability. When firms who are at the forefront of artificial intelligence technology use this strategy, not only does it maximize resource consumption, but it also cuts expenses, which makes high-performance computing more accessible to those businesses. CreatorBid CEO Phil Kothe said: “io.net gives us access to scalable GPU resources to power the future of AI Influencers and Agents. Images are just the very beginning and soon we’ll see Agents creating videos, live-streams, and content in any format.” CreatorBid CEO Phil Kothe said: “io.net gives us access to scalable GPU resources to power the future of AI Influencers and Agents. Images are just the very beginning and soon we’ll see Agents creating videos, live-streams, and content in any format.” CreatorBid is at the vanguard of the artificial intelligence creator economy. It provides a platform that allows creators and brands to use the power of AI Agents in order to start, expand, and maximize the revenue generated from their digital presence. Artificial intelligence agents function as digital personalities that may be customized and are able to engage audiences, generate content, and drive interactions on their own authority. Creators have the ability to cultivate co-ownership and establish dynamic communities around AI-driven entities by using Agent Keys, which is a novel technique that CreatorBid employs. By using this one-of-a-kind approach, new channels of interaction are opened up, and artists and fans are given the opportunity to partake in the value that is produced by their AI Agents. The fundamental services offered by CreatorBid consist of tools that enable content producers to expand their operations, generate revenue from their work, and engage with their fans in unique ways. Through the integration of cutting-edge artificial intelligence capabilities with blockchain technology, CreatorBid is altering the landscape of creators and unleashing a new generation of digital entrepreneurs simultaneously. Through this partnership, the practical uses of decentralized GPU networks in areas such as content production, branding, and artificial intelligence development are brought to our attention. CreatorBid is well positioned to advance its vision for an artificial intelligence-driven Creator Economy by incorporating decentralized infrastructure. Meanwhile, io.net is continuing to show the adaptability and scalability of its Internet of GPUs for a variety of use cases.
Cardano News: IO’s Journey in Africa – RealFi and Atala PRISM Lead the Way
The latest blog post details Cardano’s Charles Hoskinson and Input | Output (IO) journey to make a real impact in Ethiopia using blockchain technology. According to the report, an education program was started to train fresh graduates to use Cardano to boost the agriculture sector. To impact the financial economy as well as the individuals’ lives in Africa, Input|Output (IO) has decided to build a new technology in Ethiopia after conducting a pilot program for IT students in Greece and Barbados. In a comprehensive blog post detailing this journey, it was highlighted that the Ethiopian government made an early move to accelerate the digital future of the country. This is evident in the 155-page report – Digital Ethiopia 2025, approved by the Ethiopian Council of Ministers in June 2020. Fascinatingly, Cardano (ADA) co-founder Charles Hoskinson was mentioned in the report as the prime minister shared his dream and mutual desire to harness the potential of blockchain technology. Later, Hoskinson unveiled plans for IO educators and engineers to train local blockchain developers to use Cardano to improve the traceability of produce. Earlier, the target was coffee exports, which formed 10% of the government’s revenue. According to the blog post, the Ethiopian government was advised to focus on teaching recent graduates how to use Haskell. This was to enable them to develop a ledger of produce and producers on the Cardano blockchain. In the initial stage, the training cohort reportedly began with women. However, several of the students had to quit their jobs to focus, so a stipend program was introduced. Later, the Haskell training program jumpstarted its effort in Africa. Our work in Africa and the Global South is central to achieving IO’s vision to serve the underserved and transform the systems of the world. From our pilot project in Ethiopia—with all its challenges—to the birth of RealFi and Atala PRISM’s new home in Hyperledger Identus—the…— Input Output (@InputOutputHK) November 29, 2024 More on the Journey to Make an Impact with Cardano According to the report, the Ethiopian government agreed to move forward with the system-for-students which ultimately relied on the Atala PRISM. In the report, it was stated that developing countries lack the foundational resources to keep track of critical personal information, hence the need for the system. Explaining this, Hoskinson is noted to have said that the plan to start with education was meant to roll out across the entire country. This would have made Ethiopia the first country to have a self-sovereign identification system. People could then take that as a portable credential, and eventually, it would work its way into passports and the banking system … That was our vision, and we said, ‘Wow, all we need to do is add a payment system, and then everyone is their bank, and Ethiopia will go from one of the worst financial systems to the most advanced banking system in the world. Seventy percent of the country is at or below the age of 30, so if you start with the education system, you’ll cover most of the country within five years. That was our thinking. Identus, a platform developed by the IO’s Atala team to enable businesses to develop decentralized identity solutions, was reported to have contributed immensely to the work done on the Ministry of Ethiopia project. According to the report, the effort to harness creativity, passion, and determination was partly an inspiration from Real Finance (RealFi.)
Filecoin Sees Potential Price Growth Amid December’s DePIN Altcoin Opportunities
As December approaches, the focus shifts to promising DePIN altcoins like Filecoin, Arweave, and others that are making significant market strides. The DePIN sector, emphasizing decentralized physical infrastructure, showcases strong potential with FIL’s impressive monthly gain of 56.22% leading the pack. According to COINOTAG sources, the bullish sentiment around Filecoin could push its price to $6.50 if momentum holds. This article explores the top DePIN altcoins for December, including Filecoin and Arweave, highlighting their recent performance and future potential. Filecoin (FIL): A Leader among DePIN Altcoins Filecoin (FIL) is currently at the forefront of decentralized infrastructure investment, boasting a market capitalization of $3.44 billion. After facing substantial losses in previous quarters, this altcoin has rebounded remarkably, demonstrating a formidable 56.22% price increase over the last month. Although FIL is still below its all-time high, the recent trend suggests a bullish trajectory. The Awesome Oscillator (AO), an essential momentum indicator, has consistently remained positive, indicating that investor sentiment is firmly bullish. Filecoin Daily Analysis. Source: TradingView Should the momentum sustain, analysts predict that FIL’s price could reach $6.50 as we move into December. However, a shift to bearish conditions may trigger a decline to approximately $4.96. Arweave (AR): Emerging Storage Solutions Second in our list is Arweave (AR), which focuses on decentralized storage solutions. Arweave has seen its price surge 20.98% over the past week, capping its current price at $21.13. This notable rise has been influenced by the formation of an inverse head-and-shoulders pattern, often seen as a bullish signal. Despite facing resistance near $22.05, there is potential for AR to break through this level. If successful, projections suggest it may escalate to around $24.57. Arweave Daily Analysis. Source: TradingView Conversely, in an event of selling pressure, AR could retreat to approximately $18.96. Grass (GRASS): A Promising Newcomer Grass (GRASS) has been a standout performer lately, appreciated for its recent launch that propelled its value by 300% in just 30 days, currently trading at $3.48. This remarkable growth indicates strong market interest and investor confidence. Given its recent patterns of lower highs, Grass may approach new all-time highs, potentially exceeding $3.90 next month. However, a failure to maintain momentum could result in a pullback to $2.81. Grass 4-Hour Analysis. Source: TradingView io.net (IO): The AI Computing Pioneer io.net (IO) is another DePIN altcoin gaining traction, branded as the world’s largest decentralized AI computing network. Over the past month, IO has surged by 65.13%, currently trading at $2.93. The bullish trend is highlighted by the token’s position above the 20-day Exponential Moving Average (EMA), suggesting that further price appreciation may be forthcoming. If this upward trend continues, IO could potentially exceed $4. Conversely, a dip in interest might see its price drop below $2. io.net Daily Analysis. Source: TradingView NetMind Token (NMT): A Rapidly Rising Star No discussion of DePIN altcoins would be complete without mentioning NetMind Token (NMT), which is currently trading at $3.76. Notably, its trading volume surged by 350% in the past 24 hours, reflecting heightened investor interest. Following a significant drop from $3.89 to $1.29 earlier this year, NMT has rebounded impressively, climbing by 76.10% in just a day. This uptrend suggests that the token’s value is poised to move higher, and projections could see it breaching the $5 mark in December. NetMind Token Daily Analysis. Source: TradingView However, if profit-taking escalates, a decline to $2.72 is possible. Conclusion The DePIN sector is set to capture significant attention as we approach December 2024. With promising altcoins such as Filecoin, Arweave, Grass, io.net, and NetMind Token experiencing noteworthy price movements, investors should stay informed about these developments. The underlying trends suggest potential growth opportunities, but caution regarding volatility remains essential.
Cardano to Build Own Bitcoin Bridge After Developer Token Row
BitcoinOS impressed with plans to bridge Bitcoin and Cardano. News of the BitcoinOS token stirred skepticism. Charles Hoskinson reveals Input Output will build a Bitcoin bridge. BitcoinOS unveiled plans for its Grail Bridge at the Cardano Summit . The project leverages zero-knowledge technology to create a trustless connection between Cardano and Bitcoin. The concept garnered positive reactions, with many seeing it as a win-win for both ecosystems, particularly for Cardano, which benefits from Bitcoin’s liquidity. However, BitcoinOS sparked skepticism after announcing the launch of its own token on November 25. While Charles Hoskinson, CEO of Input Output (IO), was initially open-minded about the token’s purpose, he has since revealed that IO will build its own Bitcoin bridge, marking a shift in the dynamics of its relationship with BitcoinOS. Cardano-Bitcoin Bridge Is a Top, Top Priority The announcement that BitcoinOS will release its own BOS token raised concerns about the company’s true intentions, as a theoretical bridge needs only ADA (or equivalent Cardano Native Token (CNT))) and BTC as a minimum. Sponsored While Hoskinson initially urged a wait-and-see approach to BOS’ purpose, he quickly shifted gears and posted a video on November 26, unveiling IO’s plans to develop its own Cardano-Bitcoin bridge. In the video, Hoskinson outlined how the new bridge would enable Bitcoin users to pay fees directly in BTC. The user experience is designed to be simple and intuitive, with a Bitcoin wallet featuring a button to convert BTC into a wrapped Bitcoin CNT. Importantly, users will maintain control of their private keys on both sides of the bridge, making it a trustless protocol. Users can participate in the Cardano ecosystem once the BTC is wrapped on Cardano, including earning yield on DeFi protocols or leveraging the upcoming Midnight protocol to bridge to other networks. The process is equally straightforward when users want to reverse the transaction: clicking the button again burns the wrapped BTC on Cardano and unlocks the original BTC on the Bitcoin network. Hoskinson emphasized that this project is IO’s top priority. He plans to dedicate a specialized team to its development and has already reached out to key figures from his early Bitcoin days to help bring this concept to life. BitcoinOS Token is Complementary: CEO Explains Highlighting his respect for Bitcoin, Hoskinson affirmed the validity of Bitcoin maximalists’ “BTC-only” stance, stressing that any bridging protocol should honor their preference to pay fees solely in BTC. While Hoskinson did not directly critique BitcoinOS or its soon-to-be-released BOS token, he noted that IO was initially excited about their work. However, he cautioned that Bitcoiners “really don’t like other tokens,” adding that any attempt to introduce an unnecessary token into a bridge faces significant challenges. Amid skepticism over the BOS token, BitcoinOS clarified that the token was intended to function “completely in the back end,” with bridging fees still payable in the native tokens of the connecting chains. Despite this explanation, Hoskinson’s decision to move forward with IO’s own bridge suggests lingering doubts about this approach. BitcoinOS CEO Edan Yago defended the BOS token , describing it as a complementary tool to ADA and BTC. He framed it as a “coordination mechanism” designed to address interoperability challenges when integrating with multiple chains, arguing that it would ultimately enhance the value of both ecosystems. On the Flipside Hoskinson gave a $250K to $500K Bitcoin price target within the next two years. BitcoinOS always planned to bridge Bitcoin with more chains than just Cardano. Why This Matters BitcoinOS’ position is in doubt as IO moves to develop its bridge, marking a crucial shift in how Bitcoin DeFi and interoperability may take shape. Analysts theorize the factors behind Bitcoin’s dip, having failed to crack $100K. Here’s What’s Driving Bitcoin’s Price Retreat from $100K Ran Neuner thinks BTC will dip much further. Bitcoin’s Post-Election Dip Sparks $80K Speedo Showdown
5 DePIN Altcoins to Watch in December 2024
As November ends and December 2024 begins, investors are likely to shift their focus toward portfolio rebalancing or exploring new altcoin opportunities. The Decentralized Physical Infrastructure Network (DePIN) narrative is gaining attention, making it a key sector to watch. Here are some top DePIN altcoins to keep an eye on. In this analysis, BeInCrypto discusses five top DePIN altcoins to watch next month, highlighting why these cryptos may garner a lot of attention in the market. They include Filecoin (FIL), Arweave (AR), Grass (GRASS), io.net (IO), and NetMind Token (NMT). Filecoin (FIL) Filecoin, which has a market capitalization of $3.44 billion, tops the list of DePIN altcoins to watch in December. For an altcoin that lost a chunk of its value during the second and third quarters, Filecoin has shown strength within the last 30 days. Over this mentioned period, the price has increased by 56.22%. However, it is still largely down from its all-time high, suggesting that it still has more room to grow. From a technical point of view, the Awesome Oscillator (AO), which measures momentum, has continued to remain in the positive region. Typically, when the AO is negative, momentum is bearish. Filecoin Daily Analysis. Source: TradingView But when it is positive, it is bullish, which is the case with FIL. If this remains the case, the altcoin’s price might climb to $6.50 within the first few days in December. However, if momentum turns bearish, that may not happen, and Filecoin could drop to $4.96. Arweave (AR) Second on the list of the top DePIN coins to watch is Arweave, a project focused on a decentralized storage network. Over the last seven days, AR’s price has increased by 20.98%, making it one of the best-performing altcoins in the top 100. At press time, the token’s price is $21.13. The daily chart shows that the altcoin hit this price due to the formation of an inverse head-and-shoulders pattern. This pattern is a bearish to bullish reversal that was validated after AR bottomed at $13.3. However, the token currently faces resistance at $22.05 but could help AR breach this obstacle. Arweave Daily Analysis. Source: TradingView Should this happen, the Arweave’s price could climb to $24.57 in the short term. If buying pressure increases, this might be higher. However, if bears have the upper hand, the price could decrease to $18.96. Grass (GRASS) In October, BeInCrypto named GRASS one of the top DePIN altcoins to watch in November. Interestingly, the recently launched project did not disappoint, climbing by 300% within the last 30 days. Currently, GRASS’ price is $3.48 and has been hitting lower highs (LH) on the 4-hour chart. Due to this price movement, the altcoin’s value could likely hit a new all-time high in December, surpassing $3.90 in the process. If that happens, then it might not be out of place to see GRASS at $5. On the flip side, if the altcoin loses this bullish momentum, this prediction might not come to pass. Instead, it could decrease to $2.81. Grass 4-Hour Analysis. Source: TradingView io.net (IO) Another DePIN altcoin to watch in December is io.net, which prides itself on being the world’s largest decentralized AI computing network. Within the last 30 days, IO’s price has increased by 65.13% while trading at $2.93. On the daily chart, IO’s price has risen above the 20-day Exponential Moving Average (EMA). This position means that the trend around the altcoin is bullish, and the price might continue to climb. If the token continues to hold this position, its value could rise above $4 in December. On the other hand, if interest in IO drops, the prediction might be invalidated, and the token could decline below $2. io.net Daily Analysis. Source: TradingView NetMind Token (NMT) The top DePIN altcoins to watch will be incomplete without mentioning NetMind Token, which is a token built on the BNB Chain. Today, NMT’s price is $3.76, while its trading volume has increased by 350% in the last 24 hours. This surge in volume indicates rising interest in the token. NMOR’s value has increased by 76.10% since yesterday. Between September 25 and November 5, NetMind Token’s price dropped from $3.89 to $1.29. But since then, bulls have been pushing the value higher. In December, the altcoin’s price is likely to go higher. If that is the case, the cryptocurrency could climb above $5. NetMind Token Daily Analysis. Source: TradingView But if profit-taking rises, this might not happen. Instead, NMT’s price could drop to $2.72.
io.net Partners with OpenLedger to Scale Decentralized AI Innovation
Blockchain compute network io.net has partnered with OpenLedger, a data blockchain for AI, to advance decentralized AI development. The collaboration allows OpenLedger to leverage io.net’s distributed GPU infrastructure to accelerate AI model training, inference, and hosting, enhancing performance and scalability. By utilizing io.net’s decentralized GPU network, OpenLedger aims to refine its high-quality datasets into specialized AI models for smarter, more efficient dapps. The partnership aligns with OpenLedger’s mission of fostering a transparent and collaborative AI ecosystem. “Our collaboration with io.net unlocks the full potential of our high-quality datanets, using the contributed data to create specialized AI models,” said OpenLedger’s team. io.net VP Tausif Ahmad added, “By leveraging io.net’s GPU infrastructure, our protocol users will be able to fine-tune AI models more efficiently, ensuring optimal performance and scalability.” The partnership between OpenLedger and io.net leverages io.net’s decentralized GPU infrastructure to provide a cost-effective, scalable compute solution. This enables OpenLedger to expand its services while avoiding the high costs and limitations of traditional centralized cloud providers. By tapping into io.net’s resources, OpenLedger can scale operations, process larger datasets, and develop advanced AI models with greater efficiency, pushing the boundaries of innovation in decentralized AI. The collaboration unlocks new use cases for AI models, utilizing OpenLedger’s high-quality datanets and contributed data to fine-tune these models for scalability and reliability. This positions OpenLedger as a leader in fostering a decentralized ecosystem for trustworthy and accessible AI solutions. Moreover, the partnership aligns with OpenLedger’s mission to create an open, collaborative data environment and drive the adoption of blockchain-powered AI technologies. Follow The Crypto Times on Google News to Stay Updated!
Cardano Frozen Out of Wyoming’s Stablecoin Bid
In a first, the state of Wyoming will launch its own dollar-backed stablecoin. Competing blockchains are vying to support the new Wyoming State Token (WST). Charles Hoskinson alleged Cardano was unfairly excluded. Before Donald Trump’s recent pro-crypto push, Wyoming was already leading the charge as one of the most crypto-friendly states, thanks to its progressive tax policies and initiatives to support the digital asset industry. Building on its pro-crypto reputation, Wyoming introduced the Wyoming Stable Token (WST) Act in January 2023, aiming to launch a dollar-backed stablecoin by early 2025. However, Input Output (IO) CEO Charles Hoskinson has revealed that Cardano has been excluded from supporting the project. Concerns Raised Over Tender Process The WST project was initially pitched as a move to accelerate stablecoin payments under the backing of a US state. While Cardano and its developers at IO were involved in the early stages, Hoskinson recently revealed that the blockchain had been excluded from the final phase of the project. Sponsored Hoskinson said IO played a crucial advisory role in the project’s development, helping shape its concept, technical standards, and compliance framework over hundreds of meetings. However, the project’s trajectory shifted when an executive director was hired. The director reportedly pushed for the token to be Ethereum-based, contrary to the bill’s original intent for a multi-chain solution. Hoskinson explained that the tender process, which allowed developers to build prototypes demonstrating their ability to meet the project’s requirements, was abandoned. Instead, the committee and executive director evaluated each blockchain, relying on subjective judgments without public input or opportunities for rebuttal. Cardano Misses Out This approach led to Cardano being excluded from the shortlist, with the commission citing a lack of “certain capabilities,” a claim Hoskinson disputes, arguing that Cardano never got the chance to demonstrate its suitability as it could not submit a prototype. Summing up, Hoskinson described the shortlisting process as “illegal and unconstitutional,” arguing that the committee and executive director bypassed proper procurement procedures, resulting in a subjective and flawed evaluation of blockchains for the WST project. According to Mysten Labs co-founder Evan Cheng, the shortlisted blockchains included Solana, Avalanche, Sui, Stellar, Ethereum, and other EVM-compatible chains. However, the source Cheng cited is no longer accessible, leaving the final selection process shrouded in further controversy. While Hoskinson did not elaborate on IO’s next steps, he hinted at potential action, stating the firm “will pursue options at our discretion.” He also suggested the flawed tender process has raised questions about whether the entire project should be scrapped. On the Flipside WST’s executive director is Anthony Apollo, who worked at Ethereum devs ConsenSys between 2017 and 2018. WST is the first attempt by a public body to compete with private cryptocurrency firms. A US state-backed stablecoin may appeal more to crypto-skeptics. Why This Matters The WST controversy exposes a familiar pattern in government contracts, where public funds and promises of innovation often serve the interests of insiders. Pennsylvanian lawmakers push for a state-level Bitcoin reserve. Pennsylvania Proposes Bill to Establish Bitcoin Reserve Senator Lummis expects a national Bitcoin reserve to halve US debt. Bitcoin Reserve Would Cut US Debt in Half: Sen. Lummis
io.net Partners with OpenLedger to Advance Decentralized AI Development
The partnership between GPU DePIN io.net and OpenLedger , the AI data blockchain that specializes in high-quality verifiable data, was announced. Through the partnership, OpenLedger will be able to improve its AI models by gaining access to io.net’s compute layer. OpenLedger will be able to use the distributed GPU network of io.net and get the necessary computation to expedite the development of its AI models. This will enable developers to create more smart and effective AI-based dapps by using OpenLedger’s datasets. The AI models’ inference and hosting will be supported by the ability to utilize io.net’s GPU infrastructure, ensuring its speed and scalability. This will strengthen OpenLedger’s standing as a leading supplier of trustworthy datasets that are fostering a surge of creativity at the nexus of blockchain and artificial intelligence. OpenLedger team said: “Our collaboration with io.net unlocks the full potential of our high-quality datanets, using the contributed data to create specialized AI models. By leveraging io.net’s GPU infrastructure, our protocol users will be able to fine-tune AI models more efficiently, ensuring optimal performance and scalability. This brings us closer to our vision of creating a decentralized, transparent AI ecosystem that enables collaboration through data sharing and the development of trustworthy, explainable models.” Tausif Ahmad, VP of BD of io.net, said: “We’re excited to be partnering with OpenLedger whose data blockchain for AI provides Web3 builders with decentralized datasets they can trust. With io.net providing the GPU compute, OpenLedger now has an infra provider it can rely on to scale its AI models built on top of them and to unlock new use cases that will reinforce its status as an innovative provider of decentralized AI models.” OpenLedger may now grow its services without being restricted by the exorbitant prices and restrictions of centralized cloud providers thanks to the collaboration with io.net, which offers a scalable and affordable compute solution. OpenLedger can expand its operations, handle more datasets, and create AI models with previously unheard-of efficiency thanks to io.net’s decentralized GPU infrastructure, pushing the limits of decentralized AI innovation. Furthermore, OpenLedger will be able to open new use cases for AI models across a variety of apps developed utilizing io.net’s high-quality datanets and contributed data thanks to the GPU resources provided by io.net. OpenLedger can strengthen its reputation as a leader in developing a decentralized ecosystem for reliable, accessible AI by making sure these AI models are optimized for scalability and dependability. This collaboration is a natural fit with OpenLedger’s objective to promote the use of blockchain-powered AI technologies while offering an open, collaborative data enviroment. ML developers can quickly set up a GPU cluster of any size using io.net, a decentralized distributed compute network, at a fraction of the price of centralized cloud providers. Resources from several places are computed and massively deployed into a single cluster via io.net sources. Numerous ML models have been successfully trained, fine-tuned, and inferred by io.net.
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