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Following the strategic partnership between IO.NET and Injective, each native token has recovered in preparation for the much-anticipated AltSeason. The growth of AI technology is expected to be driven by the blockchain industry through decentralized protocols in a favorable regulatory landscape.
Amid the mainstream adoption of artificial intelligence (AI) technology in the blockchain space, IO.NET (IO), a leading decentralized AI computing network, has announced a strategic partnership with Injective.
Inji
$10.59
24-hour volatility:
0.5%
Market Cap:
$1.04 b
Vol. 24H:
$131.33 m
the rapidly growing layer 1 (L1) blockchain. Following the strategic collaboration, the two companies will explore ways to enhance their products through the intersection of AI and blockchain technology.
As for Injective, the recently launched Iagent leverages IO.NET’s vast distributed computing infrastructure, consisting of over 10K GPUs and CPUs.
According to the announcement, collaboration between the two entities is attempting to provide AI practitioners with the tools they need to train and deploy machine learning models through distributed systems.
“This collaboration reflects the shared goal of creating actionable solutions for developers and engineers. By combining IO.NET’s distributed computing infrastructure with Injective’s AI agent framework and tools, we aim to address the key challenges of AI and blockchain space.”
According to Eric Chen, CEO and co-founder of Injective Labs, Iagent will actively compete with other similar products in the market through its strategic partnership with IO.NET.
“AI using blockchain rails has exploded in recent months. We are excited about the increasing adoption of IAGENT (…) Now we have IO.NET support on a distributed computing platform that caters to the needs of AI developers, allowing us to further expand our innovation for people with disabilities at Budjon.
Market impact of Injective and IO.NET partnerships
The strategic partnership between IO.NET and Injective Network will have a long-term impact on the activities of each token and chain. As for the Injective Network, it has grown into a vibrant Web3 ecosystem, with a total value (TVL) of approximately $46 million and a market capitalization of approximately $34 million for Stablecoins.
Following the announcement of the collaboration, Inj Coin has collected nearly 10% in the last 24 hours, trading for around $20.88 at the time of this writing. With a fully diluted valuation of about $2 billion and an average trading volume of about $108 million, the mid-cap altcoin has formed a macrobrief pattern after being trapped in a bearish trend since mid-March 2024.
Meanwhile, IO Coin has raised about 6.9% in the last 24 hours, trading for around $2.94 at the time of this writing. Small-cap altcoin, with a fully diluted valuation of about $396 million and an average trading volume of about $88 million, has been trying to make a bullish recovery since November 5, 2024 and since Crypto Rebound.
Strategic partnerships significantly increase project on-chain activities and have a long-term bullish impact.
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