Coinbase is including help for one synthetic intelligence (AI)-focused altcoin on the Solana (SOL) community.
In a brand new announcement, the highest US crypto trade says that decentralized bodily infrastructure community (DePIN) io.internet (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 adequate provide of this asset is established buying and selling on our IO-USD buying and selling pair will launch in phases. Assist 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.internet is the 295th-largest crypto challenge.
The io.internet challenge goals to harness idle graphics processing models (GPUs) to be used by machine studying (ML) and AI initiatives.
Says the challenge website,
“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 knowledge facilities, crypto miners, and crypto initiatives reminiscent of Filecoin or Render. The foremost cloud suppliers presently have round 10-15 exaFLOPS of GPU compute capability accessible. Nevertheless, 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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