io.net Teams Up With Alpha Network for Privacy-Focused AI Infrastructure

DePIN project io.net has officially partnered with Alpha Network to boost data security and access for AI-based Web3 applications.

This partnership will potentially provide a secure and private environment for AI applications, helping developers build and deploy powerful decentralized applications (dApps).

io.net Commits to Next-Gen AI Developments

Alpha Network is the world’s first decentralized data execution layer for AI. It offers private data storage and AI training data for Web3 developers. The partnership will combine Alpha Network’s data privacy technology with io.net’s decentralized GPU infrastructure.

According to a press release shared with BeInCrypto, the plan is to create a secure, high-performance environment for AI and Web3 applications. io.net will use its decentralized GPU clusters to support AI training in a privacy-preserving environment, unlike traditional centralized setups.

In simpler terms, Alpha Network will now be able to handle and process sensitive data needed for AI training in a way that’s safe and private. The network will no longer need to depend on traditional systems that require users to “trust” centralized providers like big data centers or cloud services.

Instead, by using io.net’s decentralized GPU network, Alpha Network can securely work with this data across a distributed network of computers. This decentralized approach eliminates the need for a “sandbox” (a controlled and isolated testing environment) while still ensuring the data remains private and protected.

Moreover, Alpha Network’s Zero-Knowledge (ZK) technology guarantees that data is kept private and secure.

“Our collaboration with Alpha Network will significantly expand access to decentralized, privacy-compliant AI compute for Web3 builders,” Tausif Ahmed, Chief Business Development Officer at io.net, commented.

The collaboration also aims to support the development of decentralized applications with high-quality datasets. It offers a foundation for developers to build more scalable AI solutions.

“This partnership will break new ground in secure AI and Web3 compute, allowing users to access cutting-edge AI infrastructure while ensuring privacy and security,” Lina Zhang, CEO of Alpha Network, added. 

AI is the New Frontier for DePIN Projects

io.net said the partnership will also boost Alpha Network’s data sharding and model generation solutions, which optimize the training of AI models on large datasets. These improvements will allow developers and businesses to train AI models more efficiently.

Despite recent developments, the DePIN project’s IO token has seen notable volatility in the market. At press time, the token was trading at $3, down about 6% over the past 24 hours.

io.net price chart. Source: BeInCrypto

Nevertheless, io.net has made several deals over the last year to boost AI development. For instance, in December, io.net partnered with autonomous AI agent Zerebro. The agent will use io.net’s decentralized compute resources to enhance its Ethereum validator.

Similarly, in September 2024, the DePIN project made an agreement with the TARS protocol to reduce AI model training costs by up to 30%.

Overall, DePIN projects have increasingly ventured into AI throughout 2024. Recent research showed that DePIN projects saw a 100x growth in revenue last year. The majority of this growth was driven by AI initiatives.