Coinbase now supports one altcoin that focuses on artificial intelligence (AI), the Solana.SOL) network.
New announcement from the US’s top crypto exchange says The decentralized physical Infrastructure Network (DePIN), io.net, (IOTrading platform, ) will soon be added.
Says Coinbase,
“Trading will begin on or after 9 a.m. Pacific Time on October 9th, 2024, if liquidity conditions are met. Once sufficient supply of this asset is established trading on our IO-USD trading pair will launch in phases. Support for IO may be restricted in some supported jurisdictions.”
IO has fallen more than 3% over the past 24 hours, trading at $1.77. Iot.net, with a market capitalization of $168,000,000 is currently the 295th largest crypto project.
The io.net initiative aims to utilize idle GPUs for AI and machine-learning projects.
The project is called Says website,
“We make computing more scalable, accessible and efficient. Our mission is to unlock fair access to computing power by assembling 1 million + GPUs from independent data centers, crypto miners, and crypto projects such as Filecoin or Render. The major cloud providers currently have around 10-15 exaFLOPS of GPU compute capacity available. However, given the surging volume of AI/ML model training and inferencing workloads, the potential demand for GPU compute in the cloud could be as high as 20-25 exaFLOPS.”
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