io.net, a decentralized compute network, has recently joined forces with Chainbase, a network specializing in AI-driven omnichain data. This collaboration focuses on advancing AI modelling and developing a strong decentralized AI and data stack.

The main goal of this partnership is to combine the strengths of both networks to explore possibilities in blockchain technology through innovative AI solutions.

A vital aspect of this collaboration involves training Chainbase’s AI-powered ‘crypto world model’, Theia, on io.net’s distributed computing network known as the Internet of GPUs (IOG). Theia is designed to analyze data and empower AI agents to simulate, understand and interact with distributed ledgers in the blockchain environment.

io.net sets up and manages on-demand, decentralized GPU clusters within the IO Network. With the utilization of io.net’s infrastructure, there has been an increase in data capacity for training Theia, with the enhancement anticipated to improve the model’s efficiency and accuracy.

The role of Theia is crucial in supporting blockchain-based applications, including AI-driven Web3 games, decentralized finance (DeFi) platforms, security protocols, social networks and asset management tools.

Chris Feng, Co-founder and COO of Chainbase, called the partnership with io.net a major milestone for their AI-specialized network. “By leveraging IOG’s scalable virtual clusters of GPU resources, I am confident that we can turbo-charge the efficiency and scalability of our AI-driven solutions,” Feng added.

Chainbase currently has more than 15,000 developers and 8,000 project partners on board, handling over 500 billion data requests across its network.

Apart from training Theia, io.net and Chainbase are also collaborating to incorporate Chainbase’s omnichain data network into io.net’s array of AI projects. This integration aims to enhance the development of an AI and data stack, crucial for advancing blockchain technology.

Finally, the partnership between the engineering teams of both companies is growing stronger as they work towards the release of Chainbase’s network token, $CBT. Members of io.net’s $IO Workers community, who have staked $IO, will be able to take part in this token launch, aligning the progress of both networks.

Tory Green, Co-founder of io.net, emphasized that this partnership will strengthen their network and accelerate the integration of decentralized AI and data solutions across multiple industries. “We are looking forward to supporting Chainbase’s product and token through our IOG and community going forward,” Green said.

Editor’s note: Written with the assistance of AI – Edited and fact-checked by Jason Newey.

The post io.net and Chainbase Unite to Propel AI and Blockchain Technology appeared first on NFT News Today.

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