Render (RNDR) price has displayed massive volatility over the past few weeks, coming on the back of a choppy altcoin market. Over the last day, however, the altcoin has taken to a steep load-shedding exercise that could see RNDR holders suffer grave losses if the immediate support gives in.
Also Read: Render Price Prediction: RNDR bulls prepare to revisit $5.27
Render (RNDR) price has plummeted 8% ahead of the conclusion of the Nosana Compute Client onboarding voting. The event is part of a proposal to onboard Nosana as Render’s fourth compute client. This includes a 30,000 RENDER token grant that passed the initial vote, with the final vote due to end on February 6.
Nosana is a DePIN built atop the Solana blockchain, helping developers and organizations build out and launch AI inference models. Nosana specifically caters to developers of AI inference models and applications. This defines its unique market compared to the other compute clients on the Render Network.
Render price outlook Render (RNDR) price is on a downtrend, down nearly 10% in the last day. If the 50-day Simple Moving Average (SMA) gives way, the token could roll over to the 61.8% Fibonacci level of $3.75. This would denote a 13% fall below current levels.
In a dire case, the slump could see Render price extend a leg lower to the 50% Fibonacci level at $3.27. A break and close below this level would invalidate the prevailing big-picture bullish outlook.
RNDR/USDT 1-day chart
Meanwhile, the Render price sits on the support due to the 50-day Simple Moving Average (SMA) at $4.26. Despite an 8% dip on the day, the odds continue to favor the bulls. This is seen by the position of the Relative Strength Index (RSI) above 50 and the Moving Average Convergence Divergence (MACD) above its signal line (orange band).
Also, the histogram bars of both the MACD and the Awesome Oscillator show large volumes of green histogram bars, adding credence to the bullish thesis.
If the bulls increase their buyer momentum, Render price could pivot around the 50-day SMA, scaling a move north. This could see the cryptocurrency extend to tag $5.27, and even reclaiming the range high at $5.28. A higher high above $5.28 would invalidate the bearish thesis. Such a move would denote a 20% climb above current levels.
[PRESS RELEASE – Amsterdam, Netherlands, June 4th, 2024]
Nosana, a decentralized open-source compute network, today announces a groundbreaking strategic partnership with Matrix One, the pioneering decentralised AI character protocol. This collaboration aims to democratize the creation, ownership, and utilization of AI-powered characters, leveraging Nosana’s advanced infrastructure to propel AI technology to new heights.
Nosana is renowned for providing AI developers and businesses with affordable, on-demand access to GPUs, offering a cost-effective alternative to centralized solutions. By making GPU compute capacity more accessible, Nosana cuts expenses, decreases deployment times, and offers greater flexibility for engineers and companies. This highlights the vast scale and potential of its decentralized physical infrastructure network (DePIN).
By integrating with Matrix One, Nosana will test its platform capabilities, providing Matrix One with access to its advanced GPU grid for extensive computational research and development tasks. This integration will enhance Matrix One’s ecosystem, enabling the creation of more sophisticated and powerful AI avatars.
“Matrix One is at the forefront of democratizing AI characters,” stated Jesse Eisses, co-founder of Nosana. “We are thrilled to power their innovative characters with our decentralized compute capabilities.”
Matrix One offers consumers a groundbreaking approach to AI characters, providing unprecedented access and flexibility.
“Nosana’s decentralized compute network is revolutionizing AI development,” stated Hady Musavi, Head of Community at Matrix One. “Their advanced GPU grid empowers us to create more sophisticated AI characters, marking a significant leap in decentralized technology.”
The collaboration will initially focus on testing the performance and scalability of Nosana’s compute platform. Future initiatives will explore expanding the integration to further enhance capabilities and services. Nosana and Matrix One are committed to open collaboration, reflecting their shared dedication to innovation and the growth of decentralised computing solutions and AI models.
About Matrix One Matrix One is the decentralised AI protocol for developers and creators, offering a suite of modular tools for crafting characters with multimodal perception capabilities that seamlessly integrate into both virtual and real-world settings. Our vision is to make 3D, accessible, interactive, decentralised, and interoperable AI characters available to everyone. We aim to revolutionise digital interactions by creating AI agents that serve as companions, guides, and collaborators in daily life. At Matrix One, we believe in the transformative potential of AI characters to enhance and enrich human experiences across various domains.
Users can learn More about Matrix One: Website | Documentation | Twitter(X) | Discord | Telegram | Blog
About Nosana Nosana is an open-source cloud computing marketplace dedicated to AI inference. Nosana mission is simple: make GPU computing more accessible to all at a fraction of the cost. The platform has two main goals: providing AI users with flexible GPU access and allowing GPU owners to earn passive income by renting out their hardware. By offering affordable GPU power, Nosana enables AI users to train and deploy models faster, without expensive hardware investments, all powered by the $NOS token. Access compute for a fraction of the cost or become a compute supplier at Nosana.io.
Users can learn more about Nosana: Website | Documentation | Twitter | Discord | Telegram | LinkedIn
In the artificial intelligence (AI) sector, the demand for high-performance computing resources, especially Graphic Processing Units (GPUs), is skyrocketing. This demand is shaping a new frontier for the Decentralized Physical Infrastructure (DePin) projects, which focus on decentralizing access to GPUs.
These platforms facilitate broader Web 3 adoption and offer a cost-effective alternative to traditional cloud services.
What Are Top GPU-Powerhouse DePin Projects?Operating through several key stages—data collection and processing, model training, fine-tuning, and model inference—these platforms support a wide range of AI applications. These applications include deep learning, autonomous driving, robotics, and other use cases.
Crypto researcher Layergg notes that DePin projects can provide GPU resources “over 4 times cheaper” than giants like Google Cloud and Amazon Web Services (AWS).
Layergg highlights six leading projects in this space.
Render (RNDR) boasts a fully diluted valuation (FDV) of $4.8 billion and over 1,000 GPUs. Io.net (IO) has over 22,000 GPUs and an FDV of $4.5 billion. Aethir (ATH) has a GPU capacity topping 40,000 and an FDV of $3.3 billion. Akash (AKT) has an FDV of $1.4 billion and 400 GPUs. Netmind (NMT) has 1,956 GPUs and a $1 billion FDV. Nosana (NOS) has an FDV of $360 million and 500 GPUs. Read more: Render Token (RNDR): A Guide to What It Is and How It Works
Comparison of DePin GPU Projects. Source: LayerggThe decentralized computing model provides a significant cost advantage, thus making it an attractive option for AI/ machine learning enterprises that struggle with the high costs of GPU resources. Consequently, there is an increased emphasis on computational power as the primary bottleneck to AI progress.
However, challenges such as transparency in GPU power claims have raised concerns. This points to a broader issue of credibility and accountability in the decentralized computing space.
“It’s CePIN.. not DePin if you really can’t prove your GPU count on-chain,” on-chain analyst Hitesh Malviya critiqued.
Despite these challenges, the potential for decentralized platforms to dominate the market remains high. Furthermore, another analyst, Prithvir believes that among the projects, Aethir, Akash, and io.net are best positioned. However, he notes that Akash, despite being a stalwart in the space, faces challenges in expanding its GPU capacity compared to its counterparts.
Read more: Which Are the Best Altcoins To Invest in June 2024?
In terms of market dynamics, IO and ATH are viewed as potential high performers.
“I believe that IO and ATH could both see massive runs. I think these could be similar trades to Celestia (TIA). $10 billion FDV could be a reasonable ceiling for IO and ATH. The upper limit would be $20 billion,” Prithvir said.
[PRESS RELEASE – Amsterdam, Netherlands, June 18th, 2024]
Nosana, an open-source cloud computing marketplace dedicated to AI inference, today announced a new partnership with AlphaNeural, a company building a groundbreaking decentralized marketplace for AI models and datasets.
This partnership aims to create a more inclusive and collaborative AI ecosystem by combining AlphaNeural’s innovative platform with Nosana’s high-performance GPU infrastructure.
Building a Sustainable AI Ecosystem
Traditionally, access to powerful computing resources has been a major barrier for aspiring AI developers. AlphaNeural’s platform will eliminate this hurdle by leveraging Nosana’s extensive network of GPUs. This will empower AlphaNeural’s users to train and run powerful AI models, fostering a more inclusive and collaborative AI ecosystem.
Nosana x AlphaNeural Integration
Nosana will serve as AlphaNeural’s trusted compute provider, offering a suite of services to streamline their operations:
Access to Powerful GPUs: AlphaNeural will benefit from Nosana’s extensive network of GPUs, enabling them to support a wide range of AI models. Expert Guidance: Nosana’s team of AI specialists will collaborate with AlphaNeural to optimize their model deployments. Seamless Integration: Nosana will provide AlphaNeural with the necessary tools and technical support to integrate Nosana’s compute resources directly into their platform. A Shared Vision for the Future of AI
Both Nosana and AlphaNeural are committed to democratizing access to AI tools and resources. This partnership represents a significant step towards achieving this goal.
“Nosana’s and AlphaNeural AI are fully aligned on our shared vision to democratize access to cloud computing and AI,” says AlphaNeural AI Co-Founder & CEO Ash Eryani. “With our partnership, our users get access to Nosana’s GPU grid to run their inference workloads in the most cost effective way.”
Looking Ahead
Nosana is excited to collaborate with AlphaNeural and witness the transformative potential of their decentralized AI marketplace.
“At Nosana, we’re firm believers that AI should be shaped by everyone, not just a select few, and AlphaNeural is taking a major step towards this goal. By using Nosana’s vast GPU grid to power AlphaNeural’s decentralised AI-marketplace, we’ll unlock the potential of AI for a wider audience than ever before.” – Jesse, Nosana Co-founder
About AlphaNerual AI
AlphaNeural AI is a decentralized AI marketplace built on Solana. Our platform allows seamless collaboration between developers, data scientists and companies. Built to exchange data and AI models in a secure, privacy assured way, AlphaNeural AI expands access and innovation in AI.
Whether you’re an individual, a startup looking to innovate or an established company exploring AI integration, our tools and community are engineered to help your projects forward while incentivizing everyone with our token economy.
About Nosana
Nosana is an open-source cloud computing marketplace dedicated to AI inference. Their mission is simple: make GPU computing more accessible to all at a fraction of the cost. The platform has two main goals: providing AI users with flexible GPU access and enabling GPU owners to monetize their hardware by renting it out.
By offering affordable GPU power, Nosana enables AI users to train and deploy models faster, without expensive hardware investments, all powered by the $NOS token. Access compute for a fraction of the cost or become a compute supplier at Nosana.io.
Anticipation is mounting as crypto analysts foresee a decentralized physical infrastructure network (DePin) supercycle. This surge, driven by advancements in Web3 and artificial intelligence (AI) technologies, is reminiscent of the Internet’s rapid adoption in the early 1990s.
With DePin leading the charge, a transformative era seems imminent.
Which Are Top Altcoins For DePin Supercycle?After Bitcoin hit an all-time high in March, the crypto market has been choppy. Many believe that a supercycle will be imminent once Bitcoin ends its consolidation period.
“A DePin supercycle is upon us. We are entering a golden age where Web3 projects significantly enhance the growth of Web2 platforms,” crypto researcher Emperor Osmo said.
His sentiment is widely shared, with DePin poised to decentralize real-world applications that have been dominated by major firms like Amazon Web Services (AWS), Google Cloud, and Cloudflare.
Read more: What Is DePIN (Decentralized Physical Infrastructure Networks)?
Moreover, the DePin market is currently most active in the AI sector, which is undergoing exponential growth. As AI models become increasingly complex, the demand for GPUs has surged.
Hence, Emperor Osmo believes that projects like io.net (IO) and Aethir (ATH) are crucial in securing substantial market shares early on. These platforms are thriving by replicating the network effects observed in Web2 successes, such as Uber and Airbnb.
Cyril, a DeFi analyst, also talks about the potential of integrating DePin with AI. He specifically points to altcoins poised to make significant impacts during 2024’s altcoin season.
Helium’s MOBILE token is at the top of his list. However, the token has been down by nearly 70% since its March 2024 highs.
Helium Mobile (MOBILE) Price Performance. Source: TradingViewNext are OriginTrail’s TRAC token and Nosana’s NOS token. Both are crucial in developing infrastructures for trusted knowledge and open-source cloud computing markets dedicated to AI, respectively.
Although their smaller market caps suggest higher volatility, the foundational technologies they pioneer are vital for the DePin ecosystem.
Furthermore, Theta Network’s THETA token and the Graph Protocol’s GRT token are noteworthy.
Theta Network is transforming decentralized video streaming. Meanwhile, The Graph is organizing blockchain data to enhance accessibility—a key component for developing efficient Web3 applications.
Read more: The Graph (GRT) Price Prediction 2024/2025/2030
Altcoin Daily has also provided a list of DePin altcoins worth monitoring, including Render (RNDR) and Filecoin (FIL). Each contributes uniquely to the DePin infrastructure, highlighting the sector’s diversity. These tokens highlight the growing integration of blockchain technology in real-world applications.
In an interview with BeInCrypto, Odeta Iseviciute, the COO at NeurochainAI, discussed other promising DePin altcoins.
“Many good projects have jumped on this trend. In addition to seemingly the biggest players in AI compute market that boast of large numbers of GPUs connected, we have quite a few interesting projects to watch. Gensyn is trying to fundamentally change the way the compute is done on an internet protocol level. Akash Network and GPU.net are both hard at work connecting GPUs and onboarding customers. We also have projects like Grass which aims to utilize the unused internet for scraping and training AI models,” Iseviciute told BeInCrypto.
Amsterdam, Netherlands, September 20th, 2024, Chainwire
Nosana, the decentralized AI inference engine powered by a global network of consumer GPUs, reveals the official launch date for its Nosana Mainnet: January 14, 2025.
Nosana, a leader in decentralized AI computing, is proud to announce the upcoming launch of its Nosana Mainnet, set for January 14, 2025. This marks a significant milestone for Nosana, following a year of rigorous testing and preparation for full-scale deployment.
“When we first envisioned Nosana, we imagined a world where AI computing would be decentralized, accessible, and limitless—a place where developers could access GPU resources without the traditional barriers of centralized infrastructure,” said Jesse Eisses, co-founder of Nosana. “We recognized early on that existing AI compute solutions were too centralized or too complex, limiting innovation. Our mission from the start was to create a decentralized network that offers scalable, affordable, and open AI computing resources for the next generation of builders and innovators.”
Over the past nine months, the Nosana team has worked alongside its community to test, refine, and prepare the platform for its mainnet release. The network has engaged with over 4000 nodes from 60 countries across 6 continents, tapping into a global GPU provider network and gaining valuable insights from various AI projects to refine its technology.
What Nosana’s Mainnet Brings
Nosana’s Mainnet will transform access to decentralized GPU resources, unlocking crucial power and efficiency for AI inference workloads. With the launch, Nosana’s users and GPU providers will enjoy new features and significant improvements:
Nosana Console: A sleek and refined UI for seamless management of AI inference jobs. Client SDK: A robust software development kit enabling developers to easily connect their projects to the Nosana GPU network. Dynamic Pricing: Real-time, market-driven pricing to optimize resource allocation and ensure fair pricing. Advanced Job-to-Node Matching: Efficient job distribution to maximize performance across the network. Unrestricted GPU Grid Access: Clients will have full access to Nosana’s decentralized GPU network, enabling scalable AI operations. “We are excited to take Nosana to the next level with its mainnet launch, offering full access to decentralized GPU computing” added Eisses.
Test Grid Phase 3: The Final Step Toward Mainnet
On September 30, 2024, Nosana will begin Test Grid Phase 3, its final stage of testing, focusing on refining pricing models, implementing staking, and ensuring the platform is fully prepared for the January launch. This phase will be the last opportunity to test critical components before the mainnet goes live.
Nosana’s Vision for 2025
The mainnet launch is just the beginning for Nosana. As the platform goes live, the company plans to expand its ecosystem and attract a broader range of projects. In Q2 2025, Nosana will host its first global hackathon, inviting developers and startups to explore new applications for AI inference on its decentralized GPU grid.
“As open-source developers, Jesse Eisses and I wanted to create a solution that moves away from the high costs, inflexibility, and control of centralized cloud providers,” said Sjoerd Dijkstra, co-founder of Nosana. “We couldn’t have reached this milestone without the support of our community, investors, and partners who believed in our vision for making AI computing more accessible for everyone.”
Nosana’s AI inference marketplace will continue to evolve, with ongoing improvements and new features to keep it at the forefront of decentralized AI technology.
Timeline Overview:
September 30, 2024: Start of Test Grid Phase 3 January 14, 2025: Nosana Mainnet Launch Q2 2025: Global Hackathon for AI applications on Nosana’s network About Nosana
Nosana is a decentralized AI inference engine powered by a global network of consumer GPUs. Built on the Solana blockchain, Nosana provides scalable and efficient access to GPU resources for AI workloads. With its cutting-edge infrastructure, dynamic pricing model, and advanced job-to-node matching, Nosana leads the way in decentralized AI computing.
Disclaimer: This is a Press Release provided by a third party who is responsible for the content. Please conduct your own research before taking any action based on the content.
[PRESS RELEASE – Amsterdam, Netherlands, September 20th, 2024]
Nosana, the decentralized AI inference engine powered by a global network of consumer GPUs, reveals the official launch date for its Nosana Mainnet: January 14, 2025.
Nosana, a leader in decentralized AI computing, is proud to announce the upcoming launch of its Nosana Mainnet, set for January 14, 2025. This marks a significant milestone for Nosana, following a year of rigorous testing and preparation for full-scale deployment.
“When we first envisioned Nosana, we imagined a world where AI computing would be decentralized, accessible, and limitless—a place where developers could access GPU resources without the traditional barriers of centralized infrastructure,” said Jesse Eisses, co-founder of Nosana. “We recognized early on that existing AI compute solutions were too centralized or too complex, limiting innovation. Our mission from the start was to create a decentralized network that offers scalable, affordable, and open AI computing resources for the next generation of builders and innovators.”
Over the past nine months, the Nosana team has worked alongside its community to test, refine, and prepare the platform for its mainnet release. The network has engaged with over 4000 nodes from 60 countries across 6 continents, tapping into a global GPU provider network and gaining valuable insights from various AI projects to refine its technology.
What Nosana’s Mainnet Brings
Nosana’s Mainnet will transform access to decentralized GPU resources, unlocking crucial power and efficiency for AI inference workloads. With the launch, Nosana’s users and GPU providers will enjoy new features and significant improvements:
Nosana Console: A sleek and refined UI for seamless management of AI inference jobs. Client SDK: A robust software development kit enabling developers to easily connect their projects to the Nosana GPU network. Dynamic Pricing: Real-time, market-driven pricing to optimize resource allocation and ensure fair pricing. Advanced Job-to-Node Matching: Efficient job distribution to maximize performance across the network. Unrestricted GPU Grid Access: Clients will have full access to Nosana’s decentralized GPU network, enabling scalable AI operations. “We are excited to take Nosana to the next level with its mainnet launch, offering full access to decentralized GPU computing” added Eisses.
Test Grid Phase 3: The Final Step Toward Mainnet
On September 30, 2024, Nosana will begin Test Grid Phase 3, its final stage of testing, focusing on refining pricing models, implementing staking, and ensuring the platform is fully prepared for the January launch. This phase will be the last opportunity to test critical components before the mainnet goes live.
Nosana’s Vision for 2025
The mainnet launch is just the beginning for Nosana. As the platform goes live, the company plans to expand its ecosystem and attract a broader range of projects. In Q2 2025, Nosana will host its first global hackathon, inviting developers and startups to explore new applications for AI inference on its decentralized GPU grid.
“As open-source developers, Jesse Eisses and I wanted to create a solution that moves away from the high costs, inflexibility, and control of centralized cloud providers,” said Sjoerd Dijkstra, co-founder of Nosana. “We couldn’t have reached this milestone without the support of our community, investors, and partners who believed in our vision for making AI computing more accessible for everyone.”
Nosana’s AI inference marketplace will continue to evolve, with ongoing improvements and new features to keep it at the forefront of decentralized AI technology.
Timeline Overview:
September 30, 2024: Start of Test Grid Phase 3 January 14, 2025: Nosana Mainnet Launch Q2 2025: Global Hackathon for AI applications on Nosana’s network About Nosana Nosana is a decentralized AI inference engine powered by a global network of consumer GPUs. Built on the Solana blockchain, Nosana provides scalable and efficient access to GPU resources for AI workloads. With its cutting-edge infrastructure, dynamic pricing model, and advanced job-to-node matching, Nosana leads the way in decentralized AI computing.
Nosana, a decentralized infrastructure network built on Solana, has officially launched its mainnet alongside the opening of its GPU Marketplace. This milestone enables public access to Nosana’s decentralized GPU grid, offering affordable and efficient AI compute solutions.
With the GPU Marketplace now live, individuals with compatible GPUs can register as hosts to provide compute power for AI inference workloads. Businesses and researchers can access the decentralized grid to run tasks at significantly lower costs than traditional cloud providers. Nosana has focused on leveraging underutilized consumer GPUs, ensuring accessibility and scalability while reducing barriers to AI innovation.
Nosana initially launched its Test Grid in March 2024, and over the past year, Nosana has conducted extensive testing and refinement of its platform, starting with a closed group of testers. The network uses performance benchmarks to ensure reliability, with proven hosts upgraded to Premium Markets for higher-value workloads. Dynamic pricing models keep costs competitive for businesses while offering consistent earnings to GPU hosts.
Nosana has already formed partnerships with organizations such as Matrix One, PiKNiK, and Sogni.AI, which have used the GPU marketplace for tasks ranging from AI-powered avatars to enterprise-grade cloud infrastructure. These collaborations underscore the platform’s versatility in meeting diverse computational needs across industries.
Nosana's 2.5X Cost Savings Over Cloud Providers Messari Research highlighted the platform’s potential to address the growing demand for decentralized AI computing. The report noted that Nosana’s pivot to AI inference in 2023 positioned it to capitalize on surging GPU demand. In 2024, Nosana nodes processed 985,000 jobs, and the platform demonstrated cost savings of up to 2.5X compared to centralized cloud providers.
Source: Messari Research
Additionally, 29.7 million NOS tokens, equivalent to $92.4 million, were staked on the network, reflecting significant user engagement.
The mainnet launch and GPU Marketplace mark a major step forward for Nosana, as the platform aims to provide a decentralized alternative for AI compute, empowering businesses and researchers to innovate with fewer financial and technical constraints.
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Solana has landed in a pretty unique position within the blockchain world, becoming the network of choice for artificial intelligence agents.
A recent report from Franklin Templeton shows that around 70% of these virtual assistants depend on Solana’s capabilities for their operations.
This is reflective of the capability of Solana to process an extremely high volume of transactions with reasonable efficiency and a much lower cost than any other blockchain network.
The Emergence Of AI Agents AI agents are altering the digital realm. These advanced agents not only accomplish tasks but also make decisions and significantly improve operation efficiency in the crypto sector.
One of them is the Truth Terminal, an artificial intelligence chatbot which initially became popular for promoting a fictional religion but later attracted enormous attention by championing the meme coin, Goatseus Maximus, based on the Solana blockchain.
Such a project indicates how AI agents can impact the market dynamics as well as influence users in such a manner.
Intersection of AI Agents & the Crypto Ecosystem pic.twitter.com/dr621skRxy
— Franklin Templeton Digital Assets (@FTDA_US) January 14, 2025
Solana Competitive Advantage What sets Solana apart? Its high throughput and low transaction fees make it a perfect platform for AI applications. As demand for computing power continues to increase, developers are now realizing the benefits of developing on Solana.
With its scalable architecture, the blockchain can accommodate the data-intensive nature of artificial intelligence technology. This is significant since AI is still developing and permeating many different industries.
Innovative Projects Thriving There are already a lot of new projects starting up in the Solana environment. ARC is working on making rule-based AI bots that help people make decisions, while Zerebro is using the blockchain to make AI-generated music and NFTs. These projects show how AI can be used in a variety of ways on Solana, showing how flexible it is and how appealing it is to creators.
SOL market cap currently at $90.6 billion. Chart: TradingView.com Another highly interesting project is Nosana, which will build a decentralized grid of GPU resources running on Solana. It seeks to lower the costs for developers who require computing power to run their AI models by tapping into the idle GPUs from consumers and businesses. This will not only maximize resource utilization but also democratize access to this essential technology.
Market Potential And Future Outlook The market for AI tokens is growing even though it is still in its infancy; at present, it is worth about $4 billion, or barely 0.12% of the total value of the cryptocurrency market. However, this market has grown significantly; in a single day, some projects supported by Solana increased the overall market capitalization of AI tokens by 15%.
Featured image from The Elm, chart from TradingView
Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.
Sogni AI, founded by former CoinMarketCap executives, presents Supernet, a decentralized GPU network. Supernet, Sogni’s Decentralized Physical Infrastructure Network (DePIN), will develop more quickly thanks to the investment. Sogni AI, a decentralized creative AI platform, has raised $2 million in funding. Along with Contango Digital, Oyster Ventures, ARC, DEXT Force Ventures, Nosana, Formless Capital, Gecko Ventures, and other Web3 investors and industry professionals, Comma3 Ventures and Republic Ventures co-led the round.
Supernet, Sogni’s Decentralized Physical Infrastructure Network (DePIN), will develop more quickly thanks to the investment, enabling anyone to easily produce high-quality visuals and videos using its cutting-edge platform.
Sogni AI, founded by former CoinMarketCap executives, presents Supernet, a decentralized GPU network intended to facilitate AI-powered content production. By dispersing workloads over a decentralized infrastructure, this network provides rendering rates that are up to 176 times quicker than those of conventional cloud-based services.
Sogni AI responds to the $300 billion creative economy’s increasing need for decentralized and easily available AI solutions. Existing AI systems are often costly, centralized, and have access limitations. By utilizing Web3 and decentralized infrastructure, Sogni AI intends to democratize AI-driven content production.
Mauvis Ledford, CEO of Sogni AI stated:
“Sogni’s Web3 applications are fast, well-designed, and optimized for parallel processing—unlike other “DePIN+AI” startups focused solely on privacy. Our Supernet generates 16 AI images as fast as one, in under 5 seconds—outpacing centralized AI tools.”
He concluded:
“With modular AI, on-demand GPUs, and an open-source SDK, Sogni makes AI faster, cheaper, and more accessible—no cloud fees, no limits. Whether you’re an artist, developer, or GPU provider, Sogni delivers speed, control, and rewards to fuel innovation.”
Allen Day, Head of Web3 Ecosystem at Google:
“Sogni’s decentralized approach is a powerful example of how AI can be both open and scalable.”
Tal Cohen, former Kraken US CEO:
“I’m excited to back a team that puts community and creator empowerment at the forefront.”
It is anticipated that Sogni AI’s platform will draw in artists and other creative professionals, Web3 aficionados and application developers, GPU owners looking to monitize of idle resources, digital content producers, and businesses looking for affordable AI solutions.
Sogni’s fundamental purpose is to democratize Creative AI, allowing anybody to easily make amazing, high-quality images, fascinating videos, and more with little setup. While adhering to its core principles of decentralization and community-driven innovation, Sogni is revolutionizing the creative process by fusing user-friendly apps, strong developer tools, and a strong token economy.
Sogni is ready to implement its ambitious vision, onboard a broad network of GPU Workers, and expand its Supernet with the help of $2 million in new investment. This investment is a significant step toward transforming the production, dissemination, and consumption of AI-driven art and media worldwide.
Jupiter, Nosana and Wormhole join a legion of projects looking to leverage Arcium’s architecture to unlock the possibilities of encrypted computation.
Arcium, an encrypted supercomputer that brings a trustless, verifiable, and efficient framework to run encrypted computations, has launched the Encrypted Ecosystem—a network of projects exploring its technology to accelerate encrypted computation and unlock new possibilities in a data-driven world. Arcium is expanding its infrastructure to support new blockchain architectures and traditional enterprises, making privacy-focused solutions more accessible across industries.
Arcium’s encrypted infrastructure is designed for broad adoption, supporting both blockchain architectures and traditional enterprises. Its modular, scalable, and blockchain-agnostic design makes it adaptable to a wide range of industries, enabling businesses to unlock value from private data without compromising security. The Encrypted Ecosystem highlights this versatility, with over 25 projects exploring Arcium’s technology across eight key sectors:
DeFi: Jupiter, DarkLake, JupNet, Ranger, Titan, Asgard, Tower, Orca, and Voltr AI: Assisterr, Charka, io.net, Nosana, AlphaNeural, and SendAI. Consumer Applications: Cudis, dReader, Send Arcade, Solana ID, and Chomp Payments: Squads, Sphere, and Iron Interoperability: Wormhole and Union DePIN: Spacecoin Gaming: Send Arcade NFTs: Metaplex From onchain applications to off-chain implementations, Arcium leads the way in decentralized privacy and secure computation for both blockchain and traditional business applications. While chain-agnostic by design, Arcium is launching first on Solana, bringing encrypted capabilities to the ecosystem.
Yannik Schrade, CEO and Co-Founder of Arcium, said: “We have always believed in the transformative potential of what we have built with Arcium, and establishing the Encrypted Ecosystem cements that as truth. Revolutionary infrastructure lays the foundation, but its true impact is realized when builders bring it to life. Arcium’s encrypted infrastructure enables use cases that were historically impossible, unlocking a new design space for applications and innovative ways to utilize private data. Seeing so many projects joining the encrypted computing revolution with us reminds me of the importance of the work we are doing at Arcium.”
For more information about the Encrypted Ecosystem, please visit Arcium’s blog post.
About Arcium: Arcium, is an encrypted supercomputer that brings a trustless, verifiable, and efficient framework to run encrypted computations. Founded in 2022, Arcium provides developers, applications and entire industries with a trustless, verifiable, and efficient framework to run encrypted computations. With Arcium, the internet can use data to its full extent in an entirely encrypted state. Backed by investors such as Greenfield Capital, Coinbase Ventures, Heartcore Capital, Longhash VC, L2 Iterative Ventures and Anagram Arcium’s goal is to allow the entire internet to run on encryption.
Disclaimer: TheNewsCrypto does not endorse any content on this page. The content depicted in this Press Release does not represent any investment advice. TheNewsCrypto recommends our readers to make decisions based on their own research. TheNewsCrypto is not accountable for any damage or loss related to content, products, or services stated in this Press Release.
Nosana price rose as much as 134% over the past week, driven by renewed buying from whales, along with a drop in exchange balances.
Summary
Nosana price is up over 130% in a week as it recovers after dropping to a 2-year low. Whale investors have started accumulating the token this week. According to data from crypto.news, Nosana (NOS) rallied to a 6-month high of $1.27 yesterday, Sep. 14, before settling at $0.91 at press time. At this price, it is up 134% in the past 7 days but still below 76% from its year-to-date high.
Whale activity seems to be the main driver for NOS gains over the past week, as the token fell to a two-year low on Sep. 10.
Data from Nansen shows that the total balances of NOS tokens held in whale wallets increased by 41.8% over the period to 1.43 million. Such a large-scale buying trend from whales often triggers FOMO among retail investors, adding further buying pressure for a token.
Source: Nansen Additional data from the blockchain analytics platform reveals that the total amount of NOS tokens held on exchanges (both centralized and decentralized) dropped 7.5% over the last 7 days to 13.24 million when writing.
A decline in exchange balances means that fewer tokens are readily available for sale, reflecting a reduction in short-term selling pressure. Traders typically turn bullish in such a scenario, as they interpret it as increased conviction among holders.
The increased accumulation by whales, combined with investors withdrawing their tokens from exchanges, has triggered a significant surge in retail demand as Nosana continues to trend in Google searches.
What is Nosana? Nosana is a decentralized compute protocol built on Solana, designed to provide low-cost, distributed infrastructure for AI model training, DevOps workflows, and Web3 CI/CD automation.
The project’s goal is to offer a decentralized alternative to traditional cloud services like AWS, Google Cloud, and Microsoft Azure by allowing developers to run containerized jobs, including code builds, model training, and smart contract testing across a permissionless network of independent compute providers.
NOS plays a central role within this economy as it is used for job payments and network incentives. Users can also stake the token and participate in governance votes.
NOS price analysis NOS price has broken above a descending trendline this week after touching nearly two-year lows on the daily chart. This trendline, in place since mid-May, had kept the price under sustained downward pressure.
Nosana price has broken out of a multi-month descending trendline on the daily chart — Sep. 15 | Source: crypto.news In technical analysis, a breakout above such a pattern is interpreted as a bullish reversal, which signals the potential start of a new upward trend.
Reinforcing this outlook, the Supertrend indicator has flipped to a green signal and remains positioned below the current price level, which traders widely regard as a buy signal.
At the same time, the MACD line had formed a positive crossover with the signal line. When this signal appears, the rally tends to continue upwards in the short term.
Given the current setup, the next likely move for NOS would be a recovery rally to its recent high of $1.27.
A decisive breakout above this resistance could open the way for a rally toward $1.92, based on a measured move calculated from the Fibonacci extension levels. At press time, the projected target remains 110% from the current price level.
However, a drop below the $0.74 support, which aligns with the 38.2% Fibonacci retracement level, would invalidate this setup.
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
