NuNet, backed by SingularityNET, to hold IDO on OccamRazer

Occam_PR
Occam.fi
Published in
3 min readNov 11, 2021

NuNet, a global economy of decentralized computing backed by official Cardano partners SingularityNET, announced today that their $NTX token will make its debut on OccamRazer on the 25th of November 2021.

NuNet lets anyone share and monetize their computing resources at scale and provides globally-distributed, optimized computing power for decentralized networks. NuNet achieves this by connecting data owners and computing resources with computational processes in demand of these resources. Through this mechanism, NuNet will provide a layer of intelligent interoperability between computational processes and physical computing infrastructures in an ecosystem which intelligently harnesses latent computing resources of the community into the global network of computations.

Dr. Kabir Veitas, CEO at NuNet says:

“By working closely with our partners and advisors at SingularityNET, we have identified Cardano as the most promising blockchain for the development of decentralized AI networks. With close links to official Cardano entities, OccamRazer and the team at Occam.fi will be an invaluable partner and platform through which to make our IDO debut. We look forward to welcoming the Occam.fi community to NuNet and launching a successful IDO.”

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

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

“NuNet is an ambitious IDO startup supported by one of the leading AI projects in the blockchain space. With a team of leading blockchain developers and expert advisors, NuNet is one of the most exciting projects to launch through OccamRazer to date. We look forward to their IDO on the 25th of November, and forming a long-lasting partnership with NuNet in the future.”

The $NTX token is designed to be a multi-chain utility token for access to the NuNet ecosystem and components. Full tokenomics and distribution schedule can be found here. Registration for NuNet’s IDO will open on the OccamRazer launchpad shortly.

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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. Learn more at: https://nunet.io/.

About Occam.fi: Occam.fi is governed and steered by a carefully designed decentralized autonomous organization. Occam.fi is the first decentralized launchpad designed for the Cardano ecosystem, built with expertise and care from a veteran team of blockchain entrepreneurs and professionals. Learn more at www.occam.fi.

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