Ankr as a DePIN node network supporting on-chain AI
Thread577 words
Argues Ankr is an overlooked DePIN with bare metal servers in 25-plus countries serving RPC traffic, adding partners such as IoTeX, Storj and Tencent Cloud, and positions it for on-chain AI at about $420M FDV.
Key claims
Bare metal servers in over 25 countries
FDV of about $420M
Partners include IoTeX, Storj, CLV and Tencent Cloud
DePIN will be the backbone of high-spec use cases like on-chain AI and beyond.
These networks will be worth billions.
Yet, a leader of the DePIN narrative and one of the largest cloud computing and physical hardware networks sits at only $420M FDV.
Alpha-🧵
1/ DePIN stands for Decentralized Physical Infrastructure Network.
It's a very broad term that encompasses infrastructure for data storage, wireless connectivity, computing, energy, data collection, and more.
2/ This infrastructure provides the base layer for decentralized networks and applications.
As the number of chains, verticals use cases and narratives continues to grow, the demand for scalable, secure infrastructure will explode.
3/ Bootstrapping the infrastructure to run a blockchain network, is a complex and costly process.
@ankr was blockchain's first DePIN that came in to fill in the gaps in node resources. It maintains a network of bare metal servers in over 25 countries globally.
4/ A globally distributed of physical infrastructure that projects can plug into for Infrastructure-as-a-Service.
The Ultra Sound Network.
While rarely talked about, this is the core plumbing that makes Web3 in the first place.
5/ Literally since its inception, @ankr has been at the forefront of leveraging idle cloud computing and physical hardware resources to support blockchain ecosystems.
6/ @ankr's DePIN brings with it a multitude of benefits, including:
✦ Increased availability of nodes to handle RPC traffic
✦ Access to high-performance nodes
✦ Broader geographic coverage to fill in the gaps in node resources.
7/ Now, @ankr is expanding this Ultra Sound Network with more partners that will be providing infrastructure/resources to the DePIN.
This includes:
✦ @iotex_io
✦ @storj
✦ @clv_org
✦ @MindHeartSoul4
✦ @ankr Labs
✦ @tencentcloud
8/ By facilitating connections between dApps, developers, and enterprises with various blockchains, @ankr ensures that Web3 applications can reliably:
✦ Perform transactions
✦ Query wallet balances
✦ Execute smart contracts through RPC requests
9/ This is enabled by @ankr's robust network of nodes, which has been significantly bolstered by the addition of the above partners.
These partnerships are instrumental in enhancing Ankr's core RPC service, establishing a strong and extensive network for request traffic.
10/ Based on this robust DePIN layer, novel use cases become possible.
One of the most mind-blowing ones is on-chain AI.
11/ This means integrating AI models and algorithms directly on-chain, enabling dApps to perform tasks such as...
✦ Predictive analytics
✦ Automated decision-making
✦ Natural language processing
...without relying on centralized servers.
12/ @ankr's Ultra Sound Infrastructure supports this in several key ways.
🖥 High-Performance Computing:
Ankr's global network of nodes provides the necessary computing power, ensuring that AI tasks can be executed efficiently and at scale.
13/
💾 Data Availability and Integrity:
@ankr's infrastructure facilitates secure and reliable access to on-chain data, which can be used to train and refine AI models, ensuring that the data used is consistent and tamper-proof.
14/
🌐 Decentralization and Privacy:
By decentralizing the computational and data storage aspects of AI applications, @ankr's network enhances privacy and security, mitigating the risks associated with centralized data silos.
15/ The opportunities here are limitless and especially as we enter the age of AI/ML, this infrastructure is absolutely crucial.
I repeat: these networks will be worth billions.
NFA, DYOR and don't fade @ankr, anon!
That's a wrap for today! I hope you've found this thread helpful! 🫡
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