Ionet has successfully raised $30M in a Series A funding round to create the world's largest decentralized GPU network aimed at addressing the AI compute shortage. The funding round was led by Hack VC and saw participation from notable investors such as Multicoin Capital, 6th Man Ventures, M13, Delphi Digital, Solana Labs, and Aptos. This move is expected to significantly contribute to making AI training and inference more accessible, potentially leading to a surge in AI innovation. The project, which operates on the Solana blockchain, has also achieved a $1 billion token valuation following this latest funding round. Investors and partners have expressed strong support for Ionet's vision, emphasizing the platform's potential to serve as a decentralized alternative for machine learning training on GPUs.