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NuNet Cardano Catalyst Fund 7 Proposal

Greetings Singularitarians,

As we begin the new year, things are about to get busy as we progress and further develop our roadmap for 2022. In addition to our recently announced airdrop of NTX tokens to AGIX holders, the next big event to take place this month is the voting for NuNet’s proposal in Cardano’s Catalyst Fund 7. For more information about Catalyst voting and how to participate, see SingularityNET’s blog about it. We would like to take this opportunity to explain what this exciting proposal means for the future of NuNet and how it will positively impact the Cardano ecosystem.

NuNet’s Proposal

NuNet’s proposal for Fund 7 is a project that is sorely needed by the Cardano community. Currently, nearly 57% of stake pool operators (SPOs) run their block-producing nodes on cloud computing services controlled by big tech companies. This poses a potential risk to the network in the case that these centralized services fail or forcibly remove stake pools from their platforms.

NuNet is a decentralized cloud computing platform, and therefore has the unique opportunity to aid in the decentralization of the Cardano network by allowing SPOs to run their stake pools on community provisioned hardware. In preparation for this, NuNet had already enabled passive Cardano nodes to be run on the network (see video).

If approved for funding, NuNet will develop the infrastructure for SPOs to begin running block producing nodes on NuNet. Testing will first take place on hardware provided by our generous community members since the inception of the private alpha. Development will continue over the next several months in the lead-up to the launch of our public alpha, with the Cardano stake pool support being its flagship feature.

NuNet’s proposal is titled Nunet: Decentralized SPO Computing and can be found in the A.I. & SingularityNET a $5T market challenge category. The proposal can be viewed here, though this will require creation of an IdeaScale account. For a more easily-accessible version, see our one-pager on the project.

About NuNet

NuNet lets anyone share and monetize their computing resources, turning cloud computing power from a centralized service into an open protocol powered by blockchain. Find out more via:

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