The future of AI and blockchain? io.net and Chainbase partner up

Just a week after teaming up with NetMind.ai to boost their AI solutions, io.net has secured another partnership, this time focusing on the intersection of AI and blockchain.

Today, the decentralized compute network io.net announced a new partnership with Chainbase, an AI-focused omnichain data network, to advance AI modeling and build a stronger decentralized AI and data infrastructure.

Chainbase’s crypto model, Theia, is now being trained on io.net’s distributed network, known as the Internet of GPUs (IOG). The AI agents built on Theia are designed to learn from blockchain data, enabling them to understand, predict, and interact with distributed ledgers.

By expanding the data used to train Theia, io.net and Chainbase aim to enhance the performance of the crypto model. Theia is central to a variety of crypto applications, including AI-driven Web3 games, decentralized finance (DeFi) platforms, security protocols, social networks, and asset management tools. Additionally, io.net will integrate Chainbase’s omnichain data network into its AI projects, further building the decentralized AI and data stack.

“We’re excited to work with Chainbase, a team that shares our goal of making next-gen AI and blockchain technologies more accessible,” said Tory Green, Co-founder of io.net.

“This partnership will not only strengthen our network but also speed up the integration of decentralized AI and data solutions across various industries. We’re eager to support Chainbase’s product and token through our IOG and community.”

“Partnering with io.net is a significant step for Chainbase as we scale our AI-specialized network,” added Chris Feng, Co-founder and COO of Chainbase. “By tapping into IOG’s scalable virtual clusters of GPU resources, I’m confident we can boost the efficiency and scalability of our AI-driven solutions.”

The engineering teams from both companies are working closely to support Chainbase’s rapid development ahead of its network token ($CBT) launch later this year. Eligible $IO Workers with staked $IO will have the chance to participate in this launch, aligning the growth of both networks.

Launched in November 2023, the genesis of Io.net stemmed from a pressing demand for vast computing power, particularly in executing intricate algorithms for trading stocks and cryptocurrencies. Recognizing this niche, the founder of Io.net embarked on a mission to establish a decentralized network of GPUs capable of meeting the escalating requirements of AI and machine learning (ML) enterprises.

Fast forward to today, Io.net boasts an impressive network comprising over 25,000 nodes, delivering access to hundreds of thousands of GPUs for AI/ML ventures. This innovative approach has not only slashed costs but also significantly reduced lead times compared to conventional cloud services.