io.net update: $30M raise at $1B and worker nodes up from 25k to 70k
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Recaps io.net's architecture with new data: a $30M round at a $1B valuation and worker nodes growing from 25k to over 70k in three weeks, plus airdrop participation steps via Galxe quests.
Key claims
$30M raise at a $1B valuation
Worker nodes grew from 25k to over 70k in 3 weeks
✨ IO Network is the Internet of GPUs ✨
Meet the largest decentralized network of compute power for large-scale AI use cases! 🤖
Recently, I did a deep dive on @ionet_official and its ground-breaking architecture.
Today, it's time for an alpha summary (airdrop confirmed)! 🪂👇
@ionet_official clusters that idle GPU capacity from different sources and multiple locations.
This allows users (AI/ML companies) to access computing power at a fraction of the cost of traditional cloud providers and benefit from greater customizability.
@ionet_official is purpose-built to support low latency & high demand use cases like AI/ML inference.
Through parallel processing @ionet_official can cluster tens of 1000s of distributed GPUs together instead of just a few (like most competitors).
Soon, @ionet_official will also release a dev-ready toolkit called IOG Package, which will enable anyone to build IO Elements.
This means that any other apps and businesses can build on top of IO Network's DePIN layer in a permissionless way.
The possibilities are limitless. 🤯
But that's not all.
The network of high performance nodes that is what underlies this stack, can be used to bootstrap independent decentralized networks that run arbitrary IO Elements on top of them.
A whole ecosystem of scalable, app-specific AI chains.
Do you understand how big this is anon? 🤯
Just a few weeks ago, @ionet_official announced a $30m funding round at a $1B valuation lead by top VCs in the space.
In 3 weeks, active worker node count has increased from 25k to over 70k. People are definitely waking up to @ionet_official. Are you? 👀
🪂 Airdrop Alpha
✦ Connect a device and supply compute to the network
✦ Visit @Galxe to view and complete quests.
✦ Join the Discord and participate in the community.
Learn more about the DePIN layer that will power decentralized AI in my deep dive thread below! 👇
QUOTING @zerokn0wledge_
AI + DePIN will be the most powerful narrative of the cycle 🤖 With BTC paving the way into the bull, leading AI plays are gearing up for runs that can do 100x My main bet is the Internet of GPUs. The largest decentralized network of compute power for large-scale AI Alpha-🧵
AI + DePIN will be the most powerful narrative of the cycle 🤖 With BTC paving the way into the bull, leading AI plays are gearing up for runs that can do 100x My main bet is the Internet of GPUs. The largest decentralized network of compute power for large-scale AI Alpha-🧵
How the covered assets moved · since 14 Mar 2024
Prices as of 23 Oct 2026This data piece reports the numbers without making a call on the token, so price moves since publication are shown as market context.
Covered in this piece
Since then
Zero has written 50 more pieces on io.net and $IO since this one.
- io.net IDE tokenomics: #1 revenue DePIN at 5.3x MC/ARRBullish call on $IO
- DeAI as crypto's endgame: compute, agents and autonomous economiesOn io.net
- Why decentralized compute solves the startup GPU cost squeezeOn io.net
- Big compute is cracking: summary of the DeAI case against centralized cloudOn io.net
Daily closes in USD from DefiLlama and Yahoo Finance. Only a bullish or bearish thesis is read as a call; explainers, maps and mentions are context. Not financial advice.