io.net and Injective Form Strategic Partnership to Enhance AI Blockchain Solutions
io.net and Injective Partnership Overview
- io.net, a decentralized AI computing network, partnered with Injective, a layer one blockchain.
- The collaboration aims to enhance products at the intersection of AI and blockchain technology.
- Injective's iAgent will utilize io.net’s extensive decentralized computing infrastructure of over 10,000 GPUs and CPUs.
- The partnership seeks to provide tools for AI practitioners to train and deploy machine learning models on decentralized systems.
- Comments from io.net’s CBO highlight the goal of lowering barriers for developers in the AI and blockchain sectors.
- Injective Labs' CEO emphasized competitive edge through this strategic alliance.
Market Impact
- Total value locked (TVL) in the Injective network is approximately $46 million.
- Stablecoins market cap for Injective is around $34 million.
- After the announcement, the INJ coin rose nearly 10% to about $20.88.
- INJ has a fully diluted valuation of about $2 billion and a 24-hour trading volume of about $108 million.
- IO coin increased by approximately 6.9% to about $2.94.
- IO coin has a fully diluted valuation of about $396 million and a 24-hour trading volume of about $88 million.
- The partnership is expected to boost on-chain activities and have a long-term bullish impact.