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 change 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 ample 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 venture.
The io.internet venture goals to harness idle graphics processing items (GPUs) to be used by machine studying (ML) and AI tasks.
Says the venture 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 impartial knowledge facilities, crypto miners, and crypto tasks corresponding to Filecoin or Render. The key cloud suppliers at present have round 10-15 exaFLOPS of GPU compute capability accessible. Nonetheless, given the surging quantity of AI/ML mannequin coaching and inferencing workloads, the potential demand for GPU compute within the cloud may very well be as excessive as 20-25 exaFLOPS.”
Do not Miss a Beat – Subscribe to get electronic mail alerts delivered on to your inbox
Test Price Action
Observe us on X, Facebook and Telegram
Surf The Daily Hodl Mix
 
Disclaimer: Opinions expressed at The Day by day Hodl are usually not funding recommendation. Traders ought to do their due diligence earlier than making any high-risk investments in Bitcoin, cryptocurrency or digital belongings. Please be suggested that your transfers and trades are at your individual danger, and any losses chances are you’ll incur are your accountability. The Day by day Hodl doesn’t suggest the shopping for or promoting of any cryptocurrencies or digital belongings, neither is The Day by day Hodl an funding advisor. Please notice that The Day by day Hodl participates in internet online affiliate marketing.
Generated Picture: Midjourney
