io.net partners with Chainbase to advance decentralized AI and data modelling technologies

The partnership will help Chainbase enhance the capabilities of Theia, its crypto world model, and prepare for the launch of its native token, $ICBT. 

Decentralized GPU network io.net announced a strategic collaboration with Chainbase, the world’s pioneer omnichain data network designed to integrate all blockchain data into a unified ecosystem, in an effort to enhance decentralized AI technologies. The partnership will see the two companies share potential benefits across their platforms – io.net providing training data via its internet of GPUs to Chainbase and Chainbase advancing AI capabilities to io.net.

The strategic partnership will also see the two companies share several synergies with the aim of advancing AI modelling and building a powerful decentralized AI and data stack, the press statement reads. 

“We are thrilled to collaborate with Chainbase, a company and team that shares our vision of democratizing access to next-gen AI and blockchain technologies,” said Tory Green, Co-founder of io.net. 

The core of the partnership aims to advance Chainbase’s crypto world model, Theia. The platform will leverage the globally distributed network of io.net, the Internet of GPUs (IOG), which provides additional compute power to Chainbase. Theia provides developers with a platform to build AI agents, allowing the agents to learn blockchain data and realize simulation and reasoning of the native blockchain environment. This allows them to understand, predict, and interact with distributed ledgers in unique ways that haven’t been tested before. 

Adding to the benefits that Chainbase will source with the strategic collaboration with io.net, Green stated: 

“As well as strengthening our network, this partnership will 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.”

Advancing Theia’s Capabilities And Chainbase’s Omnichain

Chainbaes’s goal is to integrate all blockchain data into a unified system. The platform enables this via its permissionless and transparent data interoperable platform leveraging AI technologies. It creates a decentralized data economy with advanced AI capabilities where anyone can participate, contribute, and be incentivized.

Following the partnership, Chainbase will have significantly more data volume to train its AI models, increasing the efficiency and effectiveness of Theia, its crypto world model. Theia supports the development of a range of crypto-native applications, including AI-powered Web3 games, decentralized finance (DeFi) platforms, security protocols, social networks, and asset management tools. 

“Partnering with io.net is a major milestone for Chainbase as we continue to scale our AI-specialized network,” said Chris Feng, Co-founder and COO of Chainbase. “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.”

Moreover, the partnership will see io.net facilitate the integration of Chainbase’s omnichain data network into its ecosystem AI projects, further strengthening the development of a decentralized AI and data stack.

Finally, the partnership will also present an amalgamation of thoughts between the two project teams, with engineering teams from both companies set to work closely to support Chainbase’s rapid development. This is expected to smooth out any upgrades and development constraints on Chainbase in anticipation of the launch of its native token, $ICBT, set to launch later this year. Eligible $IO Workers with staked $IO will gain the opportunity to participate in this launch, further aligning the networks’ growth trajectories. 

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.

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