ArkStream Capital: Why we invested in IO.Net

Original title: "ArkStream Capital: Why we invest in IO.Net"

Original source: ArkStream Capital

ArkStream Capital recently Successfully completed the Series A investment in IO.Net. This round of financing was led by Hack VC, and more than 20 well-known overseas and domestic VCs and angel investors participated, with the total financing amounting to US$30 million. IO.Net is ArkStream Capital’s important investment in the artificial intelligence (AI) and decentralized infrastructure (DePIN) tracks, demonstrating our expectation that artificial intelligence will become the focus of innovation in this market cycle.

Why invest in IO.Net: Invest in the new oil in the AI era, decentralize the mining of human computing power 

With the rapid development and widespread application of AI technology, the global demand for computing power is exploding, especially the demand for GPUs (graphics processing units). This growth in demand is both vertical, reflected in the fact that technology giants are rushing to buy Nvidia GPUs to hoard computing power in order to train large language models (LLM) with more parameters; it is also horizontal, with many AI startups and products trying to The technology is used in tens of millions of use cases such as recommendation systems, education, personal health, medical research, and supply chains. This huge demand for computing power has made GPU the "new oil" in the AI era.

Image source: NetScribes, Ark Invest

IO.Net’s unique solution 

For GPUs worldwide To solve the shortage problem, IO.Net proposes an innovative solution. By leveraging cryptography to coordinate human collaboration across the globe, IO.Net harnesses humanity's untapped computing power at scale. Known as the “Airbnb” of GPUs, it relies on the Solana blockchain to provide a decentralized and permissionless global collaboration, verification, and payment platform, sharing hardware such as data centers, encryption mines, gaming computers, and high-performance workstations. The originally idle GPU computing power in the cluster.

The advantages and impact of IONet 

IO.Net not only provides customers with The cloud service provider's low price of 10-20% off and the instant online service without permission provide additional startup incentives for computing power providers through the upcoming IO token, jointly helping to achieve the goal of connecting 1 million GPUs. Compared with other DePIN computing projects, IO.Net focuses on GPU computing capabilities, and the scale of its GPU network is more than 100 times ahead of similar projects. In addition, IO.Net is also the first in the blockchain industry to integrate the most advanced ML technology stack (such as Ray cluster, Kubernetes cluster and giant cluster) into the GPU DePIN project and put it into large-scale practice, which makes it not only the number of GPUs , and is in a leading position in technology application and model training capabilities.

Image source: ArkStream Research ; Data sources: io.net, depinhub.io, stats.akash.network

Future Outlook and Partners 

As IO.Net continues to develop, its engineering team will increase the GPU capacity of the network to 500,000 concurrent GPUs across the entire network to compete with centralized cloud service providers, thereby providing it at a lower cost. A Web 2-like service. Through close partnerships with major DePIN and AI players including Render Network, Filecoin, Solana, Ritual, and more, IO.Net is establishing itself as a core player in the space. We believe that IO.Net will become the leader and settlement layer of decentralized GPU networks in the medium to long term, bringing vitality to the entire Web 3xAI ecosystem.

Conclusion 

ArkStream Capital’s investment is not only about the future development potential of IO.Net The recognition is a firm optimism for the future direction of AI, DePIN and broader technology fields. As a pioneer and supporter in the industry, ArkStream Capital will continue to provide computing infrastructure and ecological connection support for IO.Net, and jointly create a new era of AI and decentralized networks.

View the original English text of this announcement: https://x.com/ark_stream/status/1766494990862303553?s=20

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