NuNet (NTX) Price, Charts, Market Capitalization

NuNet (NTX) Graphics

What is NuNet (NTX)?

NuNet is a decentralized computing platform that aims to create a global marketplace for compute resources. It is built on a hybrid blockchain architecture that combines the strengths of both public and private blockchains. NuNet’s native token, NTX, is used to power the platform’s economy and to reward users for providing compute resources.

Market value and supply

The current market value of NuNet is $21.4 million, with a circulating supply of 504 million NTX tokens. The maximum supply of NTX tokens is 1 billion.

History of the technology

The technology behind NuNet was originally developed by SingularityNET, a decentralized AI marketplace. NuNet was spun off from SingularityNET in 2021 and is now being developed by the NuNet Foundation.

Who founded it?

NuNet was founded by Ben Goertzel, the CEO of SingularityNET. Goertzel is a well-known figure in the field of artificial intelligence and has been involved in the development of several other blockchain projects.

Advantages and disadvantages of the technology

The main advantage of NuNet is that it provides a decentralized marketplace for compute resources. This means that users can rent out their spare compute power to others, and they can be paid in NTX tokens. This can be a way for users to earn money from their unused compute resources, and it can also help to reduce the environmental impact of computing.

Another advantage of NuNet is that it is built on a hybrid blockchain architecture. This means that it combines the strengths of both public and private blockchains. The public blockchain provides a secure and transparent way to record transactions, while the private blockchain provides a more efficient way to process transactions.

However, there are also some disadvantages to NuNet. One disadvantage is that it is still a relatively new project, so it is not yet as well-established as some of the other blockchain projects. Another disadvantage is that the NTX token is not yet as widely accepted as some of the other cryptocurrencies.

Market value

The market value of NuNet has been increasing steadily in recent months. In January 2023, the market value of NuNet was around $10 million. However, by June 2023, the market value had increased to over $21 million. This increase in market value is likely due to a number of factors, including the increasing popularity of decentralized computing platforms and the growing demand for NTX tokens.

Conclusion

NuNet is a promising new project that has the potential to revolutionize the way we use compute resources. The platform is still in its early stages, but it has a strong team of developers and a clear vision for the future. If NuNet is successful, it could become a major player in the decentralized computing market.

Additional information

Here are some additional information about NuNet:

• The NuNet platform is open source, which means that anyone can contribute to its development.
• NuNet has a number of partnerships with other blockchain projects, including SingularityNET, Cardano, and Polkadot.
• NuNet is actively being developed, and the team is working on a number of new features, including a decentralized storage marketplace and a decentralized artificial intelligence marketplace.

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About NuNet (NTX)

Contract	0xf0d33beda4d734c72684b5f9abbebf715d0a7935
Website	https://www.nunet.io/
Explorers	Etherscan,ethplorer
Community	Twitter Facebook
API idd	nunet

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