NuNet (NTX) is a decentralized platform that allows users to share and distribute their computer operations globally and earn incentives. The users can perform transactions and stream data channels with the help of artificial intelligence (AI), designing, data, and the internet of things (IoT). The platform solves the problem the users face: they have to engage in expensive multiple service providers for paid data storage, data processing, and machine learning and AI algorithms. NuNet has developed affordable multi-cloud and hybrid-cloud infrastructures as a solution. According to the whitepaper, the platform aims to create a network that allows interaction between two or more applications.

The computer operation owners can express and publish their specialized capabilities and offer them across diverse ecosystems whereas storage resources express and publish their storage resource capabilities and offer them to data owners. The storage resources may offer this service in exchange for tokens. Each user can express their preferences of how the network should guide the usage of their resources. The users can bid for free or paid usage of resources offered in the framework and pay using NTX tokens.

NTX is the native utility token of the NuNet platform. The platform has built 63.125% of the total supply of tokens on Ethereum. The remaining 36.875% of the total supply is on Cardano. The users can earn NTX based on the mining of native tokens. The user must show the amount of computational work performed within the network.

Moreover, NTX holders can become part of the governance. The platform's governance ensures that a contract for computational work demanded from a workflow by the user gets delivered, and each component has agreed on prices and quality of the work. Each user involves tokens for the frameworks and computational engines.

Dr. Kabir Veitas, Dr. Ben Goertzel, and Dr. David Weinbaum (Weaver) cofounded the NuNet platform in January 2020. The whitepaper was published in October 2021. The total supply of the NuNet platform is 1,000 million NTX.

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The current market cap of NuNet is £495.057K. A high market cap implies that the asset is highly valued by the market.

The all-time high of NuNet is £0.1801. This all-time high is highest price paid for NuNet since it was launched.

Over the last 24 hours, the trading volume of NuNet is £121.078.

Assets that have a similar market cap to NuNet include AMC Entertainment Holdings Tokenized bStocks, Camp Network, qONE, and many others. To see a full list, see our comparable market cap assets.

The current circulating supply of NuNet is 504 million.