The leading high-performance Layer-1 blockchain that is tailored for the financial sector, Injective, announced that it will be partnering with io.net, a decentralized computing network. The collaboration will combine Injective’s innovative iAgent AI framework with io.net’s robust decentralized GPU compute network. Overall, the partnership is expected to be a huge step forward in integrating artificial intelligence (AI) and blockchain technology.
More About the Partnership
Injective’s iAgent, which is an AI-driven software development kit (SDK), plays a pivotal role in this partnership. It was launched on Nov. 19, and iAgent simplifies blockchain operations using large language models (LLMs) like OpenAI’s ChatGPT. It also allows users to execute a range of tasks, including sending payments and conducting on-chain trades, through AI-generated commands.
This cutting-edge tool means that Injective is one step closer to blending AI with decentralized finance (DeFi).
io.net, on the other hand, brings its very extensive decentralized computing infrastructure to the table. With its network of more than 10,000 GPUs and CPUs, io.net is more than well-equipped to support high-demand computational tasks like AI model training and cloud gaming.
By integrating this computing power with the iAgent framework, the partnership will lower costs, accelerate access to resources, and enhance the capabilities of AI applications in the blockchain ecosystem.
The collaboration also holds a lot of promise for future on-chain financial products. Injective and io.net plan to explore the incorporation of io.net’s GPU pricing and data feeds into Injective’s decentralized finance ecosystem. This could pave the way for more novel applications in DeFi that could be driven by AI and supported by decentralized computing power.
Industry Leaders Already Exited About the Partnership
Tausif Ahmed, Chief Business Development Officer at io.net, believes that the shared mission of both companies to democratize access to advanced AI tools and decentralized infrastructure will help reduce barriers for developers and businesses. Eric Chen, CEO and Co-Founder of Injective Labs, is also very excited about the transformative potential of this collaboration when it comes to giving DeFAI (decentralized finance powered by AI) a boost.
Overall, the partnership between Injective and io.net could very likely redefine the intersection between AI and DeFi. The collaboration’s democratization of GPU power will also allow developers and engineers to overcome traditional cost and scalability challenges.
