NuNet, a decentralized computing economy supported by official Cardano (ADA/USD) partners SingularityNET, will hold an IDO on the Cardano-based OccamRazer decentralized launchpad, Invezz learned from a press release. NuNet’s $NXT token will premiere on OccamRazer on November 25, 2021.

The computing economy allows all its members to share and monetize their computing resources at scale and makes globally-distributed, optimized computing power available to decentralized networks. It achieves this by linking computing resources and data owners with computational processes that need them.

The above mechanism makes it possible for NuNet to provide a layer of intelligent interoperability between physical computing infrastructures and computational processes. This happens in an ecosystem, which uses the community’s latent computing resources in the global computation network.  

Dr. Kabir Veitas, CEO at NuNet says:

By working closely with our partners and advisors at SingularityNET, we have identified Cardano as the most promising blockchain for the development of decentralized AI networks. With close links to official Cardano entities, OccamRazer and the team at Occam.fi will be an invaluable partner and platform through which to make our IDO debut. We look forward to welcoming the Occam.fi community to NuNet and launching a successful IDO.

NuNet’s infrastructure, which is backed, advised, and powered by SingularityNET, allows for optimal positioning of AI data, interfaces, and processes within its global network. NuNet will minimize global computing costs and enable novel business processes for the Data Economy and Internet of Things by setting up machine-to-machine payment and data streaming channels.

Elliot Hill, Head of Communications at Occam.fi, says:

NuNet is an ambitious IDO startup supported by one of the leading AI projects in the blockchain space. With a team of leading blockchain developers and expert advisors, NuNet is one of the most exciting projects to launch through OccamRazer to date. We look forward to their IDO on the 25th of November, and forming a long-lasting partnership with NuNet in the future.

NuNet’s native $NXT token is conceived as a multi-chain utility token for access to the NuNet components and ecosystem. You can register for NuNet’s IDO on the OccamRazer launchpad.

The post NuNet holds IDO on OccamRazer appeared first on Invezz.

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