io.net crypto network
Seed Round

Io.net is a decentralized marketplace for computing power and storage tailored for Machine Learning startups. It allows users to provide their computing resources in order to earn rewards while also providing access to ML protocols by charging a fee paid in $IO.

$IO is the native token of the Ionet protocol that is used to pay fees for utilizing the network, rewarding node runners, and providing access to the protocol's governance voting.

During its Seed funding round, the company managed to raise over $10M at the $80M valuation, but the deadlines of the rounds and backers remain publicly undisclosed.