Decentralized Physical Infrastructure Network (DePIN) io.net has announced Garrison Yang as its new Chief Strategy and Marketing Officer. This appointment will help the company drive growth in the DePIN segment as Yang brings tremendous experience in strategic growth at io.net.
The newly appointed Yange previously worked at several blockchain-based companies, most recently serving as Vice President of Growth at Ava Labs. Other companies the executive has helped grow include Incredible Health, Meta, Monotype, and Engie, and she has advised various web3 startups.
The latest appointment will be responsible for guiding io.net’s growth strategy and marketing operations with the goal of positioning io.net as the leading blockchain platform in the DePIN sector, meeting the needs of users, and strengthening io.net’s adoption. will be in charge. We provide products to customers all over the world.
In his latest appointment, Yang said his role will be to build the IO Network’s native token, $IO, into a “petrodollar” that fuels the growth of decentralized computing, likening it to digital oil.
“The potential of distributed GPU clusters to transform how AI and ML workloads access compute cannot be underestimated,” Yang added. “I look forward to helping io.net continue to accelerate toward our vision of building the world’s largest distributed computing network.”
As a seasoned executive in the blockchain world, Yang’s experience will be critical in shaping io.net’s strategic growth and moving the company toward pioneering new innovative products in the field of distributed computing. Yang will also play a key role in advancing the network’s mission to democratize access to GPU computing capacity.
According to its main website, io.net deploys and manages on-demand distributed GPU clusters on the IO Network, giving users access to fast and low-cost computing services. Users have access to hundreds of thousands of GPUs on a network specifically designed for low-latency, high-processing demand use cases such as artificial intelligence, machine learning operations, and cloud gaming.
io.net presents a clear vision for the DePIN sector.
Yang will assume a key leadership role in running the company following its recent funding round from io.net’s parent company, IO Network. The parent company recently successfully completed a $30 million Series A funding round, attracting investments from Hack VC, Solana Labs, and OKX.
Additionally, the decentralized GPU network recently partnered with Ritual, an artificial intelligence (AI) network that simplifies the integration of AI models in applications, protocols, and smart contracts. Through the strategic partnership, io.net will integrate Ritual’s infernet SDK, infernet node client, and Ritual Chain components to help increase GPU utilization on the io.net cloud.
Nonetheless, io.net becomes the first decentralized GPU network to fully support Apple Silicon chip clustering for machine learning applications, allowing Apple users to earn rewards by contributing GPU and CPU capacity to the IO Network. The platform has already received over 100,000 Apple-based nodes on the network.
Finally, io.net launched the Ignition rewards program with the goal of bootstrapping network adoption. The rewards program runs until April 28, 2024 and rewards users based on their GPU capacity contribution to the network. This is the expected release date for the $IO token.
Disclaimer: This article is provided for informational purposes only. It is not provided or intended to be used as legal, tax, investment, financial or other advice.