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io.net outlines a clear vision for the DePIN sectorDecentralized physical infrastructure network (DePIN) io.net announces Garrison Yang as its new Chief Strategy and Marketing Officer. The latest appointment will help the company foster growth in the DePIN sector with Yang bringing massive experience in the strategic growth of io.net.
The newly-appointed Yange has previously worked in several blockchain-based companies, most recently at Ava Labs, serving as the Vice President of Growth. Other companies the executive has helped grow include Incredible Health, Meta, Monotype, and Engie, and has served as an advisor to a range of web3 startups.
The latest appointee will be responsible for guiding io.net in growth strategy and marketing operations, with an aim to set the company as a top blockchain platform in the DePIN sector and cater to users’ needs, as well as enhance adoption of io.net’s products across global audiences.
On his latest appointment, Yang stated his role will be to build $IO, the native token on the IO Network, as the “petrodollar” fueling the growth of decentralized computing, which he compared to digital oil.
“The potential of decentralized GPU clusters to transform how AI and ML operations access compute cannot be underestimated,” Yang added. “I look forward to helping io.net continue to accelerate towards our vision of building the largest decentralized compute network in the world.”
As a seasoned executive in the world of blockchain, Yang’s experience will be crucial in shaping io.net’s strategic growth and setting the company towards pioneering new innovative products in the decentralized computing field. Moreover, Yang will play a key role in advancing the network’s mission to democratize access to GPU compute capacity.
According to its main website, io.net deploys and manages on-demand, decentralized GPU clusters in the IO Network, giving users access to fast and less costly computing services. Users can access hundreds of thousands of GPUs on the network specifically architected for low latency, high processing demand use cases like artificial intelligence, machine learning operations and cloud gaming.
io.net outlines a clear vision for the DePIN sector
Yang will play a key leadership role in steering the company, following the recent funding raise by io.net’s parent company, IO Network. The parent company recently successfully completed a $30 million Series A funding round, attracting investment from Hack VC, Solana Labs, and OKX.
Additionally, the decentralized GPU network recently partnered with Ritual, an artificial intelligence (AI) network that simplifies the integration of AI models in applications, protocols and smart contracts. The strategic partnership will see io.net integrate Ritual’s infernet SDK, infernet node client and Ritual Chain components to help supercharge GPU utilization on io.net Cloud.
Notwithstanding, io.net became the first decentralized GPU network to fully support Apple silicon chip clustering for machine learning applications, allowing Apple users to earn rewards by supplying GPU and CPU capacity to IO Network. The platform has already received over 100,000 Apple-based nodes on its network.
Finally, io.net launched its Ignition rewards program, aiming to bootstrap the adoption of its network. The rewards program will run till April 28, 2024, and will reward users based on their contribution of GPU capacity to the network. This is the expected launch date of its $IO token.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
