io.net and Injective join forces to power DeFAI

io.net and Injective are joining forces to power the future of decentralized finance and artificial intelligence on the Injective network.

Decentralized physical infrastructure network io.net (IO) will help bring this into reality with the expansion of its decentralized GPU compute network to Injective (INJ). The Injective team announced the development via a blog post on Jan.14.

According to the platform, the integration is live and io.net now supports DeFAI developers on the INJ network.

The DePIN market currently stands around $32 billion, with io.net one of the leading projects in the sector by market capitalization. Top projects in the sector include Render, Filecoin, Theta Network and The Graph. Per crypto.news data, the io.net market cap is $393 million as of Jan 14, 2025. 

Meanwhile, the AI Agents and AI market caps are at $13 billion and $44 billion respectively. Binance incubated Injective, backed by leading venture capital firms like Jump Crypto and Pantera Capital, has a market cap of $2.03 billion. Injective is the blockchain for DeFi, real-world assets and AI.

By advancing decentralized computing and AI on the blockchain, io.net and Injective are opening up the web3 space for builders, with available tools tapping into Injective’s iAgent framework and o.net’s decentralized GPU network.

In December 2024, Injective and Aethir announced a major collaboration that introduced tokenized GPU compute resource allocation.

The initiative includes the conversion of GPU resources into tokens that are tradeable on Injective. It means developers, researchers and businesses can access computational resources at more flexible and cost-effective prices within the AI ecosystem.