Coinbase is including help for one synthetic intelligence (AI)-focused altcoin on the Solana (SOL) community.
In a brand new announcement, the highest US crypto alternate says that decentralized bodily infrastructure community (DePIN) io.internet (IO) is being added to the platform for buying and selling.
Says Coinbase,
“Buying and selling will start on or after 9 a.m. Pacific Time on October ninth, 2024, if liquidity situations are met. As soon as ample provide of this asset is established buying and selling on our IO-USD buying and selling pair will launch in phases. Help for IO could also be restricted in some supported jurisdictions.”
IO is buying and selling for $1.77 at 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 venture.
The io.internet venture goals to harness idle graphics processing items (GPUs) to be used by machine studying (ML) and AI tasks.
Says the venture web site,
“We make computing extra scalable, accessible and environment friendly. Our mission is to unlock honest entry to computing energy by assembling 1 million + GPUs from impartial knowledge facilities, crypto miners, and crypto tasks resembling Filecoin or Render. The key cloud suppliers at the moment have round 10-15 exaFLOPS of GPU compute capability out there. Nevertheless, given the surging quantity of AI/ML mannequin coaching and inferencing workloads, the potential demand for GPU compute within the cloud could possibly be as excessive as 20-25 exaFLOPS.”
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