Hassan Maishera
Decentralized GPU network io.net announced on Monday, February 26th, that it has entered into a strategic partnership with decentralized AI network Ritual.
In a press release shared with Cryptowisser, io.net said the partnership between the two entities seeks to harness and amplify existing synergies between the two platforms, marking a significant step forward in disrupting the AI compute sector.
io.net offers tooling to facilitate streamlined access to low-cost GPU compute capacity, and its io.net Cloud provides infrastructure and architecture for deploying decentralized GPU clusters sourced across multiple locations.
Ritual, on the other, empowers users to seamlessly integrate AI models into their protocols, applications, or smart contracts with minimal coding effort.
While commenting on this latest development, Ahmad Shadid, founder of io.net, said,
“After we were introduced to Ritual, there was an instant connection and the potential synergies between our projects became apparent. Ritual’s tooling, particularly their Infernet SDK and node client, aligns with our vision for enhancing GPU utilization and opening up new markets. We’re excited to see how the partnership will attract more developers and enable groundbreaking use cases in AI compute.”
Ritual cofounder Akilesh Potti echoed Shadid’s added that,
“Joining forces with io.net represents a significant milestone for Ritual. Their extensive infrastructure and global compute access capabilities, combined with our AI stack, create a powerful synergy. Together, we are poised to unlock new possibilities and efficiencies to benefit developers and users alike.”
io.net will leverage Ritual’s Infernet SDK, Infernet node client, and Ritual Chain components, to supercharge GPU utilization on io.net Cloud, attracting more developers and enabling a plethora of fresh use-cases and markets for the network
Ritual is also building a sovereign chain for AI and is leveraging software that enables decentralized inference, model marketplaces, and heterogenous proofs, along with modular tools that help bridge AI to on-chain workloads.
The technical partnership between the two entities will see them aim to elevate standards in the global AI compute space, offering more cost-efficient, accessible, and innovative solutions to users and AI/ML engineers.
io.net deploys and manages on-demand, decentralized GPU clusters in the IO Network. IO Network is a decentralized physical infrastructure network (DePIN) of geo-distributed GPUs from multiple sources. io.net democratizes access to GPU compute capacity while reducing costs, expediting lead times, and expanding choice for engineers and businesses.
Meanwhile, Ritual is a decentralized AI network that simplifies the integration of AI models into protocols, applications, and smart contracts on any chain with just a few lines of code. By building groundbreaking new architecture on a crowdsourced governance layer, Ritual aims to ensure AI is firmly stewarded by the people rather than corporations.
