Hassan Maishera
io.net, a leading decentralized cloud service, has announced a strategic partnership with the Filecoin community. In a press release shared with Cryptowisser, io.net said by partnering with Filecoin Storage Providers (SPs), io.net grants SPs an opportunity to diversify their use cases and income streams, leading to improved ROI on their hardware investments.
The partnership also means that Filecoin SPs will have the opportunity to become GPU suppliers for io.net, and maximize the revenue of their hardware to make their overall infrastructure more efficient.
This latest development means that Storage Providers will have the opportunity to expand beyond decentralized storage, venturing into machine learning (ML) use cases and other advanced applications.
Io.net added that it seeks to engage with Filecoin SPs and the broader ecosystem, and has already begun onboarding SPs to further this aim. Indeed, the platform already has 1,500 GPUs from Filecoin SPs out of over 17,000 GPUs that are onboarded and live.
The partnership between the two entities has been growing in recent months, with the companies working together to expand opportunities for SPs and other stakeholders within the Filecoin ecosystem.
In August, io.net Founder and CEO Ahmad Shadid introduced the decentralized cloud service to SPs during a weekly Storage Provider Working Group Call. Following this, io.net sponsored the invitation-only FIL Dev Summit in Singapore in September, and Shadid presented at the major Filecoin community event FIL-Vegas in October.
While commenting on this latest development, the io.net CEO said,
“To say that we are looking forward to further collaboration with the talented Filecoin community would be a gross understatement. Having identified a major need for GPUs, we wanted to build a platform that people could trust. This particular initiative with Filecoin is not just about expanding use cases or diversifying income streams for hard-working Storage Providers. It’s about enriching the decentralized data economy as well, and fostering a symbiotic relationship where both io.net and Filecoin SPs can grow and thrive together.
I believe that by leveraging the strengths of our respective technologies, we can unlock tremendous growth and drive innovation in the decentralized cloud and storage sectors.”
Jonathan Victor, Ecosystem Lead of Protocol Labs, added that,
“This initiative is a testament to the power of collaboration in the decentralized data storage and computing industry, where combined efforts lead to innovative solutions and greater opportunities for all.
Generating datasets in close proximity to storage hardware is naturally symbiotic for both ecosystems and sets the stage for fully protocol-managed ML workflows. As io.net brings web2 demand to Filecoin’s SPs, it brings new capital flows into the Filecoin economy as well – and as Filecoin supports more datasets and distribution offerings it can better serve the io.net community. We're excited to see how this relationship unfolds and the new frontiers it will open up for both Filecoin SPs and the broader community.”
io.net is building a decentralized cloud for GPU computing power. io.net solves the shortage in commercial GPU power by aggregating GPUs from multiple sources into a single platform. Engineers can choose from a variety of options such as cluster type, GPU type, and purpose, allowing them to get up and running in seconds. By creating an efficient GPU network, io.net will fuel a wave of AI innovation and power the startups whose technology will transform tomorrow.
Meanwhile, Filecoin, the world’s largest decentralized storage network, enables users to store, request and transfer data via a verifiable marketplace. Filecoin’s advanced technology provides a robust foundation to store the world’s most valuable datasets. An alternative to costly cloud storage, the Filecoin network offers efficiently priced and geographically decentralized storage, minimizing financial barriers and allowing users to take advantage of its unmatched network capabilities.
