Blockchain
IONET collaborates with Aptos to exploit the Blockchain
- AI processing protocol IONET has entered into a partnership with Aptos Labs.
- IONET is progressively expanding its ecosystem with a series of important partnerships.
IONET (IO), a decentralized AI computing and cloud platform announced a new partnership with Aptos Labs. Through the partnership, IONET aims to explore how blockchain can provide a transparent and immutable ledger of assets and creations developed by artificial intelligence.
IONET deploys BC8 on Aptos
Under the terms of the partnership, IONET released its generative artificial intelligence product known as BC8 on Aptos. IONET founder and CEO Ahmad Shadid said in a Youtube video that the team aims to revolutionize the AI and computing industry.
The CEO announced three innovations that will change the way people think about artificial intelligence, computing and cryptocurrencies. Shadid said IONET aims to grow the Internet of GPUs (IOG), the world’s largest Internet computing network.
He added that IONET is creating an ecosystem where computers can access the central currency. This ecosystem provides a suite of services for building, training, and deploying end-chain machine learning models at scale.
Simply put, IO represents the currency of computing power. Just as the USD is the standard for all transactions, IO currency unlocks computing resources on a global scale. IO aims to become the universal medium of computing exchange for large AI startups globally.
Aptos Labs co-founder and CTO Avery Ching added that IONET’s cyber currency vision aligns perfectly with Aptos’ technical capabilities. He stressed that Aptos introduces a safer, faster and more efficient way for manufacturers. As a result of the partnership, IONET will spend more time innovating and less time trying to fix blockchain infrastructure.
Shadid pointed out that Aptos has already demonstrated its high speed and scalability by processing a record 2 billion transactions in a single day and over 25,000 transactions per second.
Looking beyond scalability and speed, Shadid said both platforms recognize that the future of AI will collide with Web3 and decentralization.
“Decentralized physical infrastructure networks like IONET are building the foundation we need to ensure that AI products and services are accessible to everyone around the world,” Ching added.
The partnership also represents a big boost for APT, Aptos’ native coin which will benefit from greater long-term exposure. At the time of writing, APT is up 0.8% in 24 hours at $9.186.
IONET expands AI calculations
This partnership comes shortly after IONET announced a previous partnership with Mind Network. As before reported by Crypto News FlashMind Network brings its advanced Fully Homomorphic Encryption (FHE) solution to IONET’s decentralized computing platform to help improve the security of its products and increase its ability to meet the global GPU shortage.
Regarding cost efficiency, the partnership is expected to reduce operational expenses for AI calculations, making cutting-edge AI technologies more accessible to startups. This is quite notable as AI startups are often burdened by budget constraints. Therefore, the collaboration aims to provide financial relief to established entities burdened by the high costs of AI development.
In May, IONET also announced an expansion of its GPU infrastructure in partnership with Aethir, a leading enterprise-grade GPU-as-a-service provider focused on AI. Echo Previous coverage from Crypto News FlashThis represents an important moment in IONET’s ongoing efforts to improve the computing capabilities of blockchain and artificial intelligence.