NEW YORK — Io.net, the DePIN (Distributed Physical Infrastructure Network) powering AI innovation, has surpassed $20 million in total network revenue. This achievement supports the growing global demand for affordable, transparent, and scalable computing power as AI adoption accelerates across industries.
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Deliver distributed computing at a fraction of the cost
AI development is becoming increasingly compute-intensive, and traditional cloud providers are struggling to keep up. From long latency to strict vendor lock-in to opaque pricing models, centralized cloud platforms often limit access for small teams and innovators.
io.net takes a different approach. With a decentralized network spanning thousands of GPUs across more than 130 countries, startups, enterprises, and researchers can access high-performance computing at a cost 70% lower than traditional cloud providers while avoiding vendor lock-in tactics.
By leveraging blockchain infrastructure, io.net provides complete transparency and verifiable transaction data, and features open-source AI tools that allow developers to maintain flexibility and control.
A growing hub for AI builders around the world
Since its launch in July 2024, io.net has enabled developers to purchase over $20 million in compute, fueling rapid growth in AI model training, autonomous agent development, and large-scale data processing. Users can choose from a wide range of GPUs, including the enterprise-grade H200 and consumer-grade RTX 4090, to balance cost and performance for any workload.
“This milestone shows that distributed computing is a true enabler of innovation, bringing accessible and cost-effective GPUs to scale and helping researchers advance the frontiers of AI. We are determined to deliver an improved model for AI development – one that innovators can build freely without barriers.”
Gaurav Sharma, io.net CEO
Powering the next wave of AI innovation
The io.net community currently includes AI leaders such as Canva’s Leonardo AI, UC Berkeley, and Sahara AI, all of whom are leveraging distributed computing to develop next-generation applications.
“The io.net community has gone from strength to strength over the past year, pioneering new AI models and applications with cost-effective and accessible computing. We are ramping up broad funding for builders and entrepreneurs to ensure io.net remains home to the world’s top AI innovators.”
Tory Green, io.net Co-Founder and IOG Foundation CEO
The IOG Foundation recently launched a 20 million IO token grant program to provide direct support to startups and researchers using io.net’s infrastructure to advance AI innovation globally.
Redefining the AI infrastructure stack
Featuring the world’s largest network of distributed GPUs and on-demand high-performance computing, io.net provides full-stack solutions for developers training large language models, deploying agents, or scaling AI workloads.
Its io.cloud infrastructure provides cost-effective, programmable computing, and io.intelligence provides a toolkit accessible through a unified API, forming a flexible foundation for AI at scale.
“We are not just building infrastructure,” Sharma added. “We are building the foundation for a fairer, faster, and more open AI economy.”
For more information, please visit io.net.
