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NewsCommunityDec 1, 2024, 22:22 UTC

This is OpenGPU Network

They're building a decentralised alternative to AWS. The project launched in April and team members have worked for European Central Bank developing CBDCs (according to the team). They aren't publicly doxed yet but have doxed privately to Certik: https://skynet.certik.com/projects/opengpu. The token is currently at 60mil market cap and will be migrated to the L1 within the month when it goes live. It's basically a blockchain-based network where in a few clicks people with consumer to enterprise grade hardware can instantly lend out their GPU compute power and get paid in the token. Al companies can use the network at prices much more competitive than centralised solutiohs. The L1 and main net are launching by the end of this quarter. If the team delivers (their testnet functions flawlessly and is actually being used by some web3 Al Agent companies to train their bots already) I see this going 500mil+ in 2025. How much higher depends on whether the team is smart enough to get it there. It's theoretically an Akash/Bittensor killer. From the team: Overview: At OpenGPU we've built a decentralized GPU Computing network that acts like a Bitcoin block validator. Individuals send their requests to a pool and GPU Providers compete with each other (based on factors such as GPU power and economical advantage) to be the one that executes these tasks. Particularly AI Projects facing the challenge of scalability via traditional systems can leverage the power of this limitlessly scalable system without the need to adapt any infrastructure. In brief, as an AI company you simply push your AI model via a docker container and the network handles the rest. We're creating a competitive, decentralised marketplace for provision of the resources needed to run projects in both the traditional and Web3 spaces. Project links: Website: https://opengpu.network/ Dextools: https://www.dextools.io/app/en/ether/pair-explorer/0x3415e25b637686bbece1d0f798934772101486f6 X: https://x.com/openGPUnetwork

Read the post on Reddit r/CryptoCurrency — Bittensor ↗

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