Blockmate Ventures Inc (TSX-V:MATE, OTCQB:MATEF) has announced a strategic partnership between its investee Hivello and AIxBlock, an AI development platform that integrates decentralized computing power into artificial intelligence applications.
AIxBlock is a decentralized platform that provides tools to build, train, and deploy AI models using a marketplace for compute power, datasets, and human resources.
Hivello simplifies decentralized node management for non-technical users allowing individuals to earn passive income by utilizing unused computing power.
Hivello and AIxBlock seek to expand opportunities in the decentralized computing space by combining their capabilities through this partnership.
“With the rise of AI, many of the most innovative apps require a substantial amount of computing power which can be costly to access via traditional data centres,” Blockmate Ventures CEO Justin Rosenberg said.
“But through this partnership, Hivello and AIxBlock aim to unlock new possibilities in both the decentralized computing space and AI space by providing developers an alternative to centralized data centres while giving Hivello users even more opportunities to rent out their unused computing power for passive income.”
Domenic Carosa, Hivello co-founder and chairman, expressed enthusiasm over collaborating with AlxBlock.
“Our shared vision is to create a decentralized infrastructure that is accessible to all, bridging the gap between web3 and everyday users,” Carosa said.