Summary
TLDR: io.net secures $30 million in funding to enable users to redistribute unused GPUs for AI companies. Growing interest in AI-driven innovation in cryptocurrency and blockchain. Other AI-related blockchain companies like Ritual and Sahara also receive funding. Utila raises $11.5 million for enterprise crypto wallet, setting new standards for institutional wallets. Other notable fundraises include Baanx, Keyring, and Zama securing significant funding rounds.
Key Points
1. Artificial intelligence decentralized GPU network io.net secured $30 million from investors, including Hack VC, Multicoin, 6th Man Ventures, and OKX Ventures.
2. IO Research team behind io.net designed the network to enable users to redistribute unused GPUs to power resource-intensive AI companies.
3. Growing interest in AI-driven innovation, especially in the realm of cryptocurrency and blockchain technology, is evident from recent funding rounds received by AI-related blockchain companies like Ritual and Sahara.