• The collaboration between both platforms could set the stage for the future of AI computing.
• Both Ritual and IO.net executives are convinced that the collaboration will benefit both networks.
In a recent announcement, io.net, a promising Decentralized GPU network has stuck a partnership with Ritual, a decentralized AI network. The new partnership is promising for both networks in the long term, as it will allow for the advancement of both platforms. In addition to this, the collaboration seeks to pioneer growth in the artificial intelligence ecosystem.
Speaking on the potential of the collaboration, Ahmad Shadid, founder of io.net amplified the possibilities that the partnership could bring to both networks while explaining that its integration with Ritual is expected to develop the utilization of GPU.
“After we were introduced to Ritual, there was an instant connection and the potential synergies between our projects became apparent. Ritual’s tooling, particularly their Infernet SDK and node client, aligns with our vision for enhancing GPU utilization and opening up new markets. We’re excited to see how the partnership will attract more developers and enable groundbreaking use cases in AI compute.” Ahmad Shadid asserted.
Similarly, the co-founder of Ritual noted that the collaboration marks a notable milestone for the network. The Ritual boss Akilesh Potti recognized the features of both networks as well as their capacities. He added that both platforms can sync their qualities to develop a strong alliance for the advancement of both ecosystems.
As he explained;
“Joining forces with io.net represents a significant milestone for Ritual. Their extensive infrastructure and global compute access capabilities, combined with our AI stack, create a powerful synergy. Together, we are poised to unlock new possibilities and efficiencies to benefit developers and users alike.”
Ritual and Io.net remain committed to individual network advancement
Io.net is a prominent decentralized computing network that is designed to allow machine learning engineers to gain access to distributed cloud clusters. One of the upsides to using the network is that engineers on the network can access these cloud clusters at a cheaper cost than is typically required by centralized servers.
Along with Io.net democratizing users’ access to GPU compute capacity, the network also expedites lead times and gives engineers and businesses wider options. The network is working towards organizing Ritual’s Chain components, Infernet SDK, and Infernet node client, and launching a handful of new use cases for the network, amongst other things.
On the other hand, Ritual, founded by Niraj Pant and Akilesh Potti, is a promising decentralized AI compute platform that successfully secured $25 million in funding back in 2023. At its core, the network prioritizes the development of incentivized networks designed to merge distributed computing devices to a handful of AI models.
At present, the Ritual network is working towards building a variety of tools, including the development of modular tools for AI and on-chain workloads, the development of a sovereign chain designed for Artificial intelligence, model marketplaces, and many other AI solutions.
