NuNet holds IDO on OccamRazer

NuNet, a decentralized computing economy supported by official Cardano (ADA/USD) partners SingularityNET, will hold an IDO on the Cardano-based OccamRazer decentralized launchpad, Invezz learned from a press release. NuNet’s $NXT token will premiere on OccamRazer on November 25, 2021.

NuNet provides optimized computing power for decentralized networks

The computing economy allows all its members to share and monetize their computing resources at scale and makes globally-distributed, optimized computing power available to decentralized networks. It achieves this by linking computing resources and data owners with computational processes that need them.

Securing an intelligent interoperability layer

The above mechanism makes it possible for NuNet to provide a layer of intelligent interoperability between physical computing infrastructures and computational processes. This happens in an ecosystem, which uses the community’s latent computing resources in the global computation network.  

Dr. Kabir Veitas, CEO at NuNet says:

NuNet’s infrastructure, which is backed, advised, and powered by SingularityNET, allows for optimal positioning of AI data, interfaces, and processes within its global network. NuNet will minimize global computing costs and enable novel business processes for the Data Economy and Internet of Things by setting up machine-to-machine payment and data streaming channels.

Elliot Hill, Head of Communications at Occam.fi, says:

NuNet’s native $NXT token is conceived as a multi-chain utility token for access to the NuNet components and ecosystem. You can register for NuNet’s IDO on the OccamRazer launchpad.