CreatorBid Partners with io.net to Enhance AI Creator Ecosystem
Solana (SOL) based io.net ($IO), a decentralized physical infrastructure network (DePIN) focused on democratizing artificial intelligence (AI) computing, has partnered with CreatorBid, an AI launchpad on the Base network. CreatorBid will utilize io.net's decentralized graphics processing unit (GPU) network to enhance its AI creator ecosystem.
CreatorBid users can access scalable GPU resources at reduced operational costs. In turn, io.net anticipates increased adoption of its internet of GPUs, benefiting IO token holders.
Tausif Ahmed, VP of Business Development at io.net, stated that the partnership allows CreatorBid to use their decentralized GPU network for image and video models, providing flexible and cost-effective computing solutions. Phil Kothe, CEO of CreatorBid, expressed that this collaboration will facilitate the creation of videos and livestreams by AI agents for enhanced online visibility.
Market Implications of the Strategic Partnership between CreatorBid and io.net
The integration of AI in the Web3 sector has rapidly expanded into a billion-dollar industry. The AI crypto sector currently has a market cap exceeding $42 billion, with a daily average trading volume surpassing $6.9 billion.
This partnership is expected to significantly contribute to the mainstream adoption of AI within the Web3 space, particularly in expanding community engagement.
CreatorBid leverages @ionet decentralized GPUs network to build robust AI Agents.
By integrating @ionet decentralized GPU network, we are breaking free from the constraints of traditional centralized infrastructure.
This game-changing collaboration enhances the scalability… pic.twitter.com/jU0yv2ZsDM
— Creator.Bid 🕵️🗝️ (@CreatorBid) December 3, 2024
AI agents offer customization for diverse digital personas, enhancing audience engagement through creative content and autonomous interactions. The partnership will promote the use of decentralized GPU networks for content creation, branding, and AI development.
The IO token has a market cap of approximately $405 million and a daily trading volume of about $288 million. With over 86,000 on-chain holders and nearly $500,000 in pooled SOL liquidity, the IO price is positioned for potential growth toward its all-time high.