funded
NuNet: Decentralized SPO Computing
Current Project Status
In Progress
Amount
Received
$102,857
Amount
Requested
$120,000
Percentage
Received
85.71%
Solution

NuNet will enable SPOs to run computing workflows on community provisioned hardware, increasing resilience and aiding decentralization.

Problem

How to increase the decentralization & resilience of the Cardano network and reduce reliance on big tech cloud on the hardware level?

Addresses Challenge
Feasibility
Auditability

Nunet

1 member

NuNet: Decentralized SPO Computing

(https://nunet.io/wp-content/uploads/2020/10/nunet_video_with_closing_page.mp4)

Nunet enables A Global Economy of Decentralized Computing by allowing anyone share and monetize their computing resources at scale and provides globally-distributed, optimized computing power for decentralized networks.

Web page: <https://nunet.io/>

NuNet will launch its NTX native token simultaneously on two blockchains – Ethereum mainnet and Cardano. NTX-on-ETH token utility will be deployed with the release of the public Alpha, while NTX-on-Cardano utility is planned to be deployed in Q1 2022.

Compute consumers will be able to compensate for compute power via NTX gateway and AGIX from/to NTX gateway.

Full Cardano integration and the first step towards true cross-chain utility with enabling the 1:1 conversion of NTX-ETH from/to NTX-ADA. Implementation of the tokenomic system on Plutus and making Solidity and Plutus contracts to work within the same system.

Platform fundamentals: <https://medium.com/nunet/nunet-private-alpha-part-2-platform-fundamentals-c2f5405f6346>

Nunet and SingularityNET:

The goal and vision of cooperation lies in SingularityNET AI ecosystem which will leverage Cardano (main and hydra layers) while computation will be done on hardware provided by NuNet – creating a powerful interdependence.

An article by Dr. Ben Goertzel, CEO of SingularityNET: https://medium.com/nunet/nunet-as-a-platform-for-a-democratic-decentralized-beneficial-global-brain-c3ebd662f2cf

Running SingularityNET AI services on NuNet: https://medium.com/nunet/nunet-private-alpha-part-3-interacting-with-singularitynet-platform-7279a7f4e574

Extended info of the team:

  • Dr. V. Kabir Veitas - AI researcher & software architect; co-founder & CEO, NuNet.io
    <https://www.linkedin.com/in/vveitas/>

Main developers:

  • Dagim Sisay - NuNet tech lead
    <https://www.linkedin.com/in/dagim-sisay-7b4b05b8/>
  • Yibarek Yohannes - BSc in Electrical and computer engineering
    <https://www.linkedin.com/in/yitbarek-yohannes-7b044714b/>
  • Israel Abebe Azime - MSc in Machine Learning
    <https://www.linkedin.com/in/israel-abebe/>
  • Tewodros Kederalah - BSc in Electrical and computer engineering
    <https://www.linkedin.com/in/tewodroskederalah/>

The NuNet team is supported by SingularityNET human resources on-need basis while rapidly expanding organically after successful token launch on 17.11.

<https://medium.com/nunet/nunet-community-contribution-round-completed-5543ce39915f>

The vision:

The Nunet team is dedicated to giving power back to the people, and by decentralizing the computing layer of the Cardano. SPOs can choose NuNet as an alternative to big tech cloud solutions. In that way all providers of the hardware, no matter their size, can contribute to decentralization and are incentivized in doing so.

Creating a positive feedback loop: More NuNet usage → higher decentralization and adoption → more resources required → higher NuNet usage.

With powerful incentives in place, all members (SPOs, NuNet hardware providers, ADA holders, network users) of the Cardano community will benefit from the positive feedback loop.

With Cardano, SingularityNET and NuNet all codependent and united, ethical and beneficial goals can be translated to Artificial Intelligence, free and independent from big tech influence.

close

Playlist

  • EP2: epoch_length

    Authored by: Darlington Kofa

    3m 24s
    Darlington Kofa
  • EP1: 'd' parameter

    Authored by: Darlington Kofa

    4m 3s
    Darlington Kofa
  • EP3: key_deposit

    Authored by: Darlington Kofa

    3m 48s
    Darlington Kofa
  • EP4: epoch_no

    Authored by: Darlington Kofa

    2m 16s
    Darlington Kofa
  • EP5: max_block_size

    Authored by: Darlington Kofa

    3m 14s
    Darlington Kofa
  • EP6: pool_deposit

    Authored by: Darlington Kofa

    3m 19s
    Darlington Kofa
  • EP7: max_tx_size

    Authored by: Darlington Kofa

    4m 59s
    Darlington Kofa
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