$IO **Io.net (IO)** is an emerging project built on the Solana (SOL) blockchain infrastructure. This project focuses on providing computing power from GPUs to artificial intelligence (AI) and machine learning (ML) companies. Here are some important points about Io.net:
1. **Supply quantity and projects:**
- Io.net is part of the DePIN (Decentralized Public Infrastructure Network) segment.
- The project helps aggregate GPU supply from underutilized sources.
- Io.net creates a network that allows machine learning startups to access computing power at a better cost.
2. **Purpose of birth and development:**
- Io.net builds a network with nodes that help provide computing services to customers.
- The project chose to build on the Solana blockchain to ensure transparency in computational transactions and facilitate seamless visibility of tasks and transactions between service providers and consumers on the blockchain ledger.
3. **The future of the project:**
- Io.net has received a $30 million Series A funding round from investors and venture capital firms.
- Io.net's development team includes 29 members, with Ahmad Shadid holding the role of Founder & CEO of the project.
- Token $IO will act as a catalyst to encourage more network participants, including suppliers, customers and users.
The Io.net project promises to bring cost-effective and time-effective solutions to the AI and ML fields, attracting attention from today's leading companies.
