Aptos

Million

<ul class="list-ic vertical">
 <li>1 <a>During the IO Summit 2024, io.net partnered with Aptos, an independent Layer-1 blockchain platform.</a></li>
 <li>2 <a>The summit revolved around democratizing access to AI computing power and AI-developed assets.</a></li>
 <li>3 <a>io.net’s latest breakthroughs and upcoming developments were demonstrated at the summit.&nbsp;</a></li>
</ul>
On June 4, at the IO Summit, io.net, a decentralized network aggregating GPUs from data centers, announced a partnership with Aptos. The exploration of blockchain technology’s strength to offer an immutable and transparent record of AI-developed assets is the main reason behind the collaboration.&nbsp; &nbsp;&nbsp;
<h2 class="wp-block-heading" id="strong-io-net-aptos-collaboration-to-revolutionize-ai-strong">io.net &amp; Aptos Collaboration to Revolutionize AI</h2>
io.net recently held its keynote at the IO Summit under the supervision of Ahmad Shadid, the CEO and founder of io.net. The summit involved major players in the crypto space, like Solana founder Anatoly Yakovenko and Aptos CTO Avery Ching.
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 Presenting the IO Summit Keynote, an annual demo of <a href="https://t.co/WLXlHkvE4z" rel="noopener noreferrer nofollow">https://t.co/WLXlHkvE4z</a>'s latest breakthroughs. This year we are joined by special guests <a href="https://twitter.com/aeyakovenko?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@aeyakovenko</a> <a href="https://twitter.com/calilyliu?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@calilyliu</a> from <a href="https://twitter.com/solana?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@solana</a> and <a href="https://twitter.com/AveryChing?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@AveryChing</a> from <a href="https://twitter.com/Aptos?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@Aptos</a> Watch now <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f53d.png" alt="🔽" class="wp-smiley" style="height: 1em; max-height: 1em;"> <a href="https://t.co/6oBBy7cb5d" rel="noopener noreferrer nofollow">pic.twitter.com/6oBBy7cb5d</a>— io.net (@ionet) <a href="https://twitter.com/ionet/status/1798561541610189303?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">June 6, 2024</a>
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The io.net project’s recent achievements, upcoming plans, and recent collaborations and partnerships were also discussed at the summit. The 40-minute broadcast revolves around progress in the internet of GPUs, <a href="https://www.thecoinrepublic.com/2024/05/25/mastercard-is-leveraging-blockchain-and-ai-to-improve-operations/" target="_blank" rel="noopener noreferrer nofollow">blockchain </a>technology, AI-developed assets, and advancements.
The decentralized network also announced its recent partnership with Aptos, a Layer-1 blockchain platform, to revolutionize AI-developed assets by exploring its strengths. The partnership will also enhance the future of gaming by advancing the new machine-learning models to generate high-quality 3D models and AAA game assets.&nbsp;&nbsp;&nbsp;&nbsp;
Harnessing the existing computing resources for AI advancements and decentralized cloud computing solutions will advance the financial and gaming world in the future. Moreover, io-net also announced the arrival of the IOG Python framework soon.&nbsp;
In the same way, the decentralized blockchain network also deployed its generative AI product BC8 on the Layer-1 blockchain platform.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<h3 class="wp-block-heading" id="strong-binance-s-55th-project-announcement-involves-io-net-strong">Binance’s 55th Project Announcement Involves io.net</h3>
Apart from collaboration with Aptos, io.net recently inked a partnership with Binance. Binance had announced IO as its 55th launchpool project. Investors and traders can begin trading on June 11 at 12:00 (UTC).&nbsp;
Wu Blockchain took to X to highlight Binance’s announcement.&nbsp;
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 Binance announced the 55th project on Binance Launchpool – IONET (IO), a Decentralized AI computing &amp; Cloud Platform. Users will be able to stake their BNB and FDUSD into separate pools to farm IO tokens over four days. Binance will then list IO at 2024-06-11 12:00 (UTC).…— Wu Blockchain (@WuBlockchain) <a href="https://twitter.com/WuBlockchain/status/1798575391508168717?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">June 6, 2024</a>
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Moreover, individuals can stake the BNB and FDUSD tokens by June 7 to farm IO tokens. Binance is the first crypto exchange to list the IO token and showcase its commitments towards the crypto space growth.&nbsp;&nbsp;
<h3 class="wp-block-heading" id="strong-how-far-has-apto-been-reached-strong">How Far has Apto Been Reached?&nbsp;&nbsp;</h3>
According to CoinMarketCap, Aptos (APT) was trading at $9.13 after a drop of 1.20% intraday with a market cap of $3,997,730,877 and $92,263,221 in 24-hour volume. In the past 7 days, APT has performed well, showcasing a surge of 2.95%.&nbsp;
As per DeFiLlama data, between May 20 and May 28, Aptos recorded a sudden spike in volume. The volume surged from $40.72 Million on May 20 to $60.61 Million on May 28. In the same way, the Total Value Locked (TVL) surged from $350.7 Million to $399.6 Million in the same time frame.&nbsp;
<div class="wp-block-image">
 <figure class="aligncenter size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="569" src="https://www.thecoinrepublic.com/wp-content/uploads/2024/06/image-71-1024x569.png" alt="io.net" class="wp-image-208008" style="width: 100%;height:auto" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2024/06/image-71-1024x569.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2024/06/image-71-300x167.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2024/06/image-71-768x427.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2024/06/image-71-750x417.png 750w, https://www.thecoinrepublic.com/wp-content/uploads/2024/06/image-71.png 1070w" sizes="(max-width: 1024px) 100vw, 1024px">
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APT TVL and Volume I Source: DefiLlama
On June 5, the TVL was recorded at $402.68 Million and volume at $34.01 Million.&nbsp;
This showcases the enhanced buying and selling activities over the Aptos network and investors’ and traders’ trust in the respective network. However, the recent launch of Tapos Cat, a new tap-to-earn game, played a key role in the APT token’s value surge.&nbsp;&nbsp;&nbsp;
<h4 class="wp-block-heading">Disclaimer</h4>
The analysis given above is for informational and educational purposes only. You should not take it as financial, investment, or other advice. Investing in or trading crypto assets is risky. Please consider your circumstances and risk profile before making any investment decisions.

io.net, Aptos Join Hands; Are AI-Developed Assets Advancing?

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