Nosana (NOS)
Nosana is a decentralized GPU grid that enables individuals to contribute their spare computing power and earn rewards in the form of $NOS tokens. It offers affordable GPU resources for executing AI workloads, eliminating the need for traditional cloud solutions. Jesse Eisses founded the platform, which operates on the Solana blockchain.
History
In 2021, the Nosana team, based in Amsterdam, set out to revolutionize computing by creating a decentralized crowd computer focused on CPU computations. This innovation aimed to enhance CI/CD (Continuous Integration/Continuous Deployment) practices. With expertise in software engineering, computer science, and artificial intelligence, the team collaborated to develop the platform, conducting comprehensive research into distributed systems, blockchain technology, and computer hardware, which led to a customized solution.
| Ticker | NOS |
| Category | Artificial Intelligence (AI) |
| Website | https://nosana.io/ |
| @nosana_ai | |
| Telegram | NosanaCI |
| Contract Addresses | |
|---|---|
| solana | no...o7 Copied! |
Supported by funding from the Solana Foundation and pre-seed investments, the team successfully tackled technical challenges and scalability issues during development. They refined the system to ensure security, efficiency, and an excellent user experience. Recognizing broader applications, the team shifted focus to GPU computing, particularly for AI inference workloads.
Overview of Nosana
Nosana provides AI users with affordable access to GPU resources, while GPU owners can earn income by renting out their hardware. The platform offers a suite of tools to maximize the use of GPU resources. Contributors of computational resources receive NOS tokens, the native cryptocurrency of Nosana.
In October 2023, Nosana shifted its focus to providing a large-scale GPU-compute grid for AI inference, moving away from CI/CD due to market dynamics. The platform identified the significant potential in the AI sector, emphasizing the versatility and availability of consumer-grade GPUs compared to major cloud providers.
Following this strategic shift, in November 2023, Nosana launched the Nosana Incentivized Test Grid, a multi-phase program designed to empower the AI revolution by enabling broad participation in the GPU-compute grid for AI inference.
Understanding $NOS
$NOS in the Nosana ecosystem
The Nosana ecosystem is powered by its native token, $NOS. This digital asset facilitates various services within the Nosana marketplace, such as running CI/CD for development projects, purchasing GPU power, staking for rewards and validation, and participating in governance votes to decide on network resource allocation.
As an SPL-compliant token (Solana Program Library), $NOS ensures secure and manageable transactions within the marketplace, providing an efficient payment method for computing resources.
Tokenomics
The $NOS token has a total supply capped at 100 million tokens. It was initially offered at $0.1 during its IDO (Initial DEX Offering) and IEO (Initial Exchange Offering) phases, showcasing significant returns on investment (ROIs) since those events. A private sale was conducted at $0.08 per token, which also demonstrated notable ROIs for early investors. The token distribution strategy involved a gradual release into the market, with a 10% release of private sale tokens at the Token Generation Event (TGE) and a linear release over nine months.