InitVerse is a decentralized cloud computing platform with a vision to revolutionize the future of AI and Web3. Its goal is to become the leading DePIN public blockchain, offering a robust platform for application deployment, computation, and data sharing.
Key Features:
- Decentralized Cloud Computing: InitVerse enables users to develop, deploy, and scale secure, private, and cost-effective applications.
- Efficient Low-Gas Blockchain Ecosystem: The platform rewards server resource contributors with $INI tokens, fostering a mutually beneficial ecosystem.
- Advanced POR Consensus Mechanism: InitVerse ensures unparalleled security, privacy, and decentralization.
Current Development Stage:
InitVerse has made significant strides since its inception in 2022. Some notable achievements include¹:
- Public Testnet Launch: The platform launched its public testnet in 2023, allowing users to participate as providers and validators.
- Global Infrastructure Expansion: InitVerse has deployed over 61 nodes across 7 countries, with a substantial server resource capacity exceeding 100,000 cores or 400,000G.
- Upcoming Mainnet Launch: The mainnet launch is expected to coincide with the InitVerse token going live in the second quarter of 2024 (previously anticipated for June)