🚀 Io.net And Phala Network Form Strategic Partnership For Decentralized AI Development
#IoNet #PhalaNetwork #DecentralizedAI #StrategicPartnership #GPUCloud #SecureComputing #TrustedExecutionEnvironment #IO #PHA
According to Odaily, GPU cloud network io.net has announced a strategic partnership with Phala Network to advance secure computing and decentralized AI development. Through this collaboration, Phala will leverage io.net's cloud network, IO Cloud, to access GPU hardware, thereby enhancing the capabilities of decentralized AI. Phala Network will rely on Nvidia H100 and H200 GPUs to support its Trusted Execution Environment (TEE) technology.#IoNet #PhalaNetwork #DecentralizedAI #StrategicPartnership #GPUCloud #SecureComputing #TrustedExecutionEnvironment #IO #PHA
🚀 DePIN Industry Anticipated to Reach Significant Revenue Milestones by 2025
#DePIN #Helium #Hivemapper #ioNet #Solana #revenue #growth #blockchain #2025 #Messari #IO #SOL
According to Odaily, Kyle Samani, co-founder of Multicoin Capital, recently shared on X that the combined revenue of Helium, Hivemapper, and io.net has surpassed $50 million. He predicts that by 2025, these projects will generate over $100 million in revenue. Additionally, with numerous other DePIN projects on the Solana blockchain, 2025 is expected to be remembered as a breakthrough year for DePIN.
Earlier today, Messari analyst Dylan Bane also posted on X, stating that Messari forecasts the DePIN industry's revenue to exceed $150 million next year. As 2024 begins, the supply side of DePIN is established, but the demand side's revenue remains limited, making it challenging to validate the DePIN model. However, several protocols have generated seven to eight-figure revenues this year, indicating potential for DePIN to overcome the demand-side constraints that have hindered growth so far.#DePIN #Helium #Hivemapper #ioNet #Solana #revenue #growth #blockchain #2025 #Messari #IO #SOL