Coinbase is including assist for one synthetic intelligence (AI)-focused altcoin on the Solana (SOL) community.
In a brand new announcement, the highest US crypto alternate says that decentralized bodily infrastructure community (DePIN) io.web (IO) is being added to the platform for buying and selling.
Says Coinbase,
“Buying and selling will start on or after 9 a.m. Pacific Time on October ninth, 2024, if liquidity situations are met. As soon as enough provide of this asset is established buying and selling on our IO-USD buying and selling pair will launch in phases. Help for IO could also be restricted in some supported jurisdictions.”
IO is buying and selling for $1.77 at time of writing, down greater than 3% within the final 24 hours. With a present market cap of $168 million, iot.web is the 295th-largest crypto venture.
The io.web venture goals to harness idle graphics processing items (GPUs) to be used by machine studying (ML) and AI initiatives.
Says the venture web site,
“We make computing extra scalable, accessible and environment friendly. Our mission is to unlock truthful entry to computing energy by assembling 1 million + GPUs from unbiased information facilities, crypto miners, and crypto initiatives similar to Filecoin or Render. The key cloud suppliers presently have round 10-15 exaFLOPS of GPU compute capability out there. Nonetheless, given the surging quantity of AI/ML mannequin coaching and inferencing workloads, the potential demand for GPU compute within the cloud might be as excessive as 20-25 exaFLOPS.”
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