Crypto Exchange Coinbase Adds Support for Solana-Based Decentralized GPU Network Altcoin

Coinbase is including assist for one synthetic intelligence (AI)-focused altcoin on the Solana (SOL) community.

In a brand new announcement, the very best US crypto alternate say that decentralized bodily infrastructure community (DePIN) io.internet (IO) is added to the buying and selling platform.

Says Coinbase,

“Buying and selling will start on or after 9:00 a.m. Pacific Time on October 9, 2024, if liquidity circumstances are met. As soon as there’s enough provide of this asset, buying and selling on our IO-USD buying and selling pair will start in phases. Help for IO could also be restricted in some supported jurisdictions.”

IO is buying and selling at $1.77 on the 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 mission.

The io.internet mission goals to leverage idle graphics processing models (GPUs) to be used by machine studying (ML) and AI initiatives.

Says the mission website,

“We make computer systems extra scalable, accessible and environment friendly. Our mission is to unlock honest entry to computing energy by curating greater than 1 million GPUs from unbiased information facilities, crypto miners and crypto initiatives like Filecoin or Render. The most important cloud suppliers at the moment have round 10-15 exaFLOPS of GPU compute capability obtainable. Nevertheless, given the growing quantity of AI/ML mannequin coaching and ensuing workloads, the potential demand for GPU computing within the cloud could possibly be as excessive as 20-25 exaFLOPS.”

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