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Cryptocurrency News Articles

Alset AI Acquires Tokens of World's Largest Decentralized Artificial Intelligence Computing Network

Jan 21, 2025 at 04:01 pm

Alset AI Ventures has announced strategic acquisitions in the cryptocurrency and decentralized AI computing sectors. The company acquired 12,868 io.net (IO) tokens at an average cost of approximately C$4.30 (USD$3.00) per token, gaining exposure to the world's largest decentralized AI computing network.

Alset AI Acquires Tokens of World's Largest Decentralized Artificial Intelligence Computing Network

1. Alset AI (ALSCF) acquired 12,868 io.net tokens in January 2025.

2. The Solana token purchase was part of Alset AI's (ALSCF) strategy to diversify its balance sheet before acquiring io.net tokens.

3. Alset AI (ALSCF) used WonderFi Technologies' Bitbuy platform to execute its crypto transactions.

4. Alset AI's (ALSCF) io.net token acquisition is strategically significant as it provides the company with exposure to the world's largest decentralized AI computing network, which aligns with its goal of advancing decentralized ecosystems and supporting scalable, cost-effective AI infrastructure solutions that promote technology democratization.

Original source:stocktitan

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