The strategic partnership between CreatorBid and io.net will enable the former to access scalable and flexible GPU resources to enhance performance and reliability.
Solana (SOL) based io.net ($IO), a well-funded decentralized physical infrastructure network (DePIN) focused on democratizing artificial intelligence (AI) computing, has announced a strategic partnership with CreatorBid, an AI launchpad on the Base network. According to the announcement, CreatorBid will leverage io.net’s decentralized graphics processing unit (GPU) network in a bid to accelerate its plan to build a vast AI creator ecosystem.
Furthermore, CreatorBid users can now access scalable and flexible GPU resources with reduced cost of operations. On the other hand, io.net will significantly benefit from the continued adoption of its internet of GPUs, thus increasing the overall use case for the IO token holders.
“This partnership enables CreatorBid to leverage our decentralized GPU network for their image and video models. We look forward to supporting their work with a flexible and cost-effective computing solution,” Tausif Ahmed, VP of Business Development at io.net, noted.
According to CreatorBid CEO Phil Kothe, the strategic partnership with io.net will help the firm to power the future of AI influencers and agents. Moreover, Kothe believed that CreatorBid will soon enable the AI agents to create videos, and livestreams in addition to images in any format for better online visibility.
Market Implications of the Strategic Partnership between CreatorBid and io.net
The use of artificial intelligence in the Web3 space has grown to a billion-dollar industry in the recent past. According to the latest data, the artificial intelligence (AI) crypto sector has a total market cap of over $42 billion, and a daily average traded volume of over $6.9 billion.
The strategic partnership between CreatorBid and io.net will play a crucial role in the mainstream adoption of AI in the Web3 space, especially in widening 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
Furthermore, AI agents are highly customizable to different digital personas to majorly engage audiences with creative content to enhance autonomous interactions.
As for the io.net platform, the partnership will enhance the mainstream use of decentralized GPU networks through content creation, branding, and AI development. Notably, the IO token has grown to a vibrant crypto project, with a market cap of about $405 million and a daily average traded volume of about $288 million.
The mid-cap altcoin has been gaining bullish momentum amid the ongoing altcoin rebound led by Solana and XRP. With over 86K on-chain holders and a pooled SOL liquidity of nearly $500K, the IO price is well poised to rally toward its ATH in the near term.
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