Nexus Inks a Strategic Deal With IO.NET to Enhance Computing Power for Its Network

Nexus – the blockchain dedicated to building the Verifiable Internet – shook hands with the decentralized physical infrastructure network (DePIN) – io.net. 

The collaboration’s main goal is to strengthen the former’s computer power and double down on its mission to make zero-knowledge proof services accessible to all users. 

The Partnership’s Details

According to a document shared with CryptoPotato, the mutual effort will leverage io.net’s robust decentralized GPU infrastructure to expand the computing power available for proof generation within the Nexus zero-knowledge Virtual Machine (zkVM). 

Nexus will also integrate its partner’s laaS solutions to extend its network of validators, bridges, relayers, and oracles across Web3 ecosystems. LaaS (Liquidity-as-a-Service) refers to a method that helps decentralized finance projects obtain, manage, and optimize liquidity across various trading platforms. 

By collaborating, the two entities will scale the computational resources dedicated to proof generation within the Nexus zkVM, improving efficiency and shortening processing times for developers and businesses.

Those upgrades align with Nexus’s mission to make its services accessible to everyone, enabling developers, decentralized applications, and businesses to leverage them effectively.

Last but not least, the partnership will lay the foundations for a more interconnected, verifiable, and scalable Web3 ecosystem. The availability of dedicated GPU computing resources will aid Nexus in its expansion while connecting innovative infrastructure with practical applications for Web3 developers.

“Pivotal Step Forward”

The news of the collaboration was commented by both management teams. Alex Fowler, Chief Strategy Officer at Nexus, described the deal as “a pivotal step forward in advancing the capabilities of Nexus network.” 

“By combining our zero-knowledge proof technology with io.net’s decentralized compute infrastructure, we’re creating a more scalable and accessible proving solution that will benefit developers and users globally,” he added.

For his part, Tausif Ahmed, Chief Business Development Officer at io.net, claimed that teaming up with Nexus reinforces his entity’s commitment to powering innovative Web3 technologies. 

“Together, we’re enabling a decentralized and privacy-first future, where zero-knowledge proofs can thrive at scale,” he stated.