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Nosana Announces “Road to Mainnet” with January 2025 Launch

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    Amsterdam, Netherlands, September 20th, 2024, Chainwire

     

    Nosana, the decentralized AI inference engine powered by a global network of consumer GPUs, reveals the official launch date for its Nosana Mainnet: January 14, 2025.

    Nosana, a leader in decentralized AI computing, is proud to announce the upcoming launch of its Nosana Mainnet, set for January 14, 2025. This marks a significant milestone for Nosana, following a year of rigorous testing and preparation for full-scale deployment.

    “When we first envisioned Nosana, we imagined a world where AI computing would be decentralized, accessible, and limitless—a place where developers could access GPU resources without the traditional barriers of centralized infrastructure,” said Jesse Eisses, co-founder of Nosana. “We recognized early on that existing AI compute solutions were too centralized or too complex, limiting innovation. Our mission from the start was to create a decentralized network that offers scalable, affordable, and open AI computing resources for the next generation of builders and innovators.”

    Over the past nine months, the Nosana team has worked alongside its community to test, refine, and prepare the platform for its mainnet release. The network has engaged with over 4000 nodes from 60 countries across 6 continents, tapping into a global GPU provider network and gaining valuable insights from various AI projects to refine its technology.

    What Nosana’s Mainnet Brings

    Nosana’s Mainnet will transform access to decentralized GPU resources, unlocking crucial power and efficiency for AI inference workloads. With the launch, Nosana’s users and GPU providers will enjoy new features and significant improvements:

    • Nosana Console: A sleek and refined UI for seamless management of AI inference jobs.
    • Client SDK: A robust software development kit enabling developers to easily connect their projects to the Nosana GPU network.
    • Dynamic Pricing: Real-time, market-driven pricing to optimize resource allocation and ensure fair pricing.
    • Advanced Job-to-Node Matching: Efficient job distribution to maximize performance across the network.
    • Unrestricted GPU Grid Access: Clients will have full access to Nosana’s decentralized GPU network, enabling scalable AI operations.

    “We are excited to take Nosana to the next level with its mainnet launch, offering full access to decentralized GPU computing” added Eisses.

    Test Grid Phase 3: The Final Step Toward Mainnet

    On September 30, 2024, Nosana will begin Test Grid Phase 3, its final stage of testing, focusing on refining pricing models, implementing staking, and ensuring the platform is fully prepared for the January launch. This phase will be the last opportunity to test critical components before the mainnet goes live.

    Nosana’s Vision for 2025

    The mainnet launch is just the beginning for Nosana. As the platform goes live, the company plans to expand its ecosystem and attract a broader range of projects. In Q2 2025, Nosana will host its first global hackathon, inviting developers and startups to explore new applications for AI inference on its decentralized GPU grid.

    “As open-source developers, Jesse Eisses and I wanted to create a solution that moves away from the high costs, inflexibility, and control of centralized cloud providers,” said Sjoerd Dijkstra, co-founder of Nosana. “We couldn’t have reached this milestone without the support of our community, investors, and partners who believed in our vision for making AI computing more accessible for everyone.”

    Nosana’s AI inference marketplace will continue to evolve, with ongoing improvements and new features to keep it at the forefront of decentralized AI technology.

    Timeline Overview:

    • September 30, 2024: Start of Test Grid Phase 3
    • January 14, 2025: Nosana Mainnet Launch
    • Q2 2025: Global Hackathon for AI applications on Nosana’s network

    About Nosana

    Nosana is a decentralized AI inference engine powered by a global network of consumer GPUs. Built on the Solana blockchain, Nosana provides scalable and efficient access to GPU resources for AI workloads. With its cutting-edge infrastructure, dynamic pricing model, and advanced job-to-node matching, Nosana leads the way in decentralized AI computing.

    https://nosana.com

     

    Contact

    CMO
    Caroline Johnova
    Nosana
    caroline@nosana.io

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    Watermelon Ecosystem Partners with Biz2X for Embedded Lending & Invoice Financing to Food & Beverage SMEs

    2024-09-19T10:02:00Z

    Biz2X’s business lending platform to start delivering capital to Watermelon Ecosystem merchants in the MENA Region

    NEW YORK and DUBAI, United Arab Emirates, Sept. 19, 2024 (GLOBE NEWSWIRE) -- Biz2X®, a global fintech headquartered in New York City whose small business finance platform is used across countries like the U.S., India and Australia with over $10 billion USD funded to date, today announced that the technology platform is powering a new SME financing program from food & beverage platform company, Watermelon Ecosystem.

    This strategic partnership will pair Biz2X’s leading small business financing platform with Watermelon's digital ecosystem of restaurateurs and other F&B entrepreneurs, a growing sector in the Middle East and North Africa (MENA) region. At its core, this deal expands digital access to financing for SMEs, thereby powering economic transformation in the region and supporting the ambitions of food business owners.

    Through the Biz2X® digital platform, food businesses that are part of the Watermelon ecosystem will have access to business financing to fuel their growth. Biz2X will generate funding offers for businesses that use the Watermelon platform.

    Businesses that use the platform to purchase ingredients and inventory for their restaurants or other food business will be prequalified for access to capital to simplify their purchases, increasing average order value and making transactions more efficient. Merchants that are selling inventory and other goods or services through the Watermelon Ecosystem will be able to finance their outstanding invoices, ensuring they can reinvest faster in their business growth.

    Platform financing offers are based on Biz2X’s leading underwriting technology using proprietary data about merchant transaction history derived from purchasing behavior by Watermelon’s clients.

    “This deal pairs Biz2X’s leading financing technology platform with Watermelon's digital ecosystem of restaurateurs and other F&B entrepreneurs,” said Omar AlShamsi, founder of Watermelon Ecosystem. “Together, we will support digital access to financing for SMEs to power economic transformation and food security in the region while we support the ambitions of business owners.”

    “Thanks to our partnership with Biz2X and its award-winning digital lending technology, food business owners in our ecosystem will have unmatched financial resources to support their growth,” he added.

    Key benefits of this partnership:

    • Fast Access to Capital for Merchants: Merchants in Watermelon’s ecosystem gain fast access to financing options through Biz2X’s embedded financing platform, with loan processing times as fast as 24 to 48 hours depending on the lender.
    • Data-Driven Finance Offers: The Biz2X® platform uses a merchant’s history of processing transactions with Watermelon to prequalify them for financing, minimizing document requests and expediting approvals.
    • Seamless Invoice Financing Process: Merchants that want to finance outstanding invoices will enjoy a fast and seamless loan onboarding process, facilitated by the integration of Biz2X’s lending solutions within Watermelon’s platform.
    • Multi-Lender Finance Ecosystem: Merchants will be matched with top offers from multiple lenders, including various banks and alternative finance providers.
    • End-to-End Loan Lifecycle Management: Lenders gain access to continuous digital monitoring of their active loan portfolios, enhancing regulatory compliance and minimizing risk exposure.

    MENA lenders that partner with Biz2X can now offer financing thanks to this embedded finance partnership. By leveraging Biz2X’s digital underwriting platform, these lenders, including banks, non-bank lenders and fintechs, can establish customized credit parameters and underwriting guidelines. With access to Biz2X’s comprehensive data ecosystem, they can quickly obtain detailed financial transaction data for each applying merchant, expediting precise credit decisions. This is the latest in a series of Biz2X embedded finance partnerships in the Middle East, highlighting the platform’s wide impact globally.

    “Embedded finance for SMEs is the future. Through our Biz2X® platform, we provide timely access to capital with less friction so that businesses can purchase the inventory they need with confidence,” said Rohit Arora, CEO of Biz2X, a subsidiary of Biz2Credit. “Business owners no longer have to wait until they have cash on hand in order to purchase things they need to operate and grow.”

    “Vertical software companies like Watermelon see the value of delivering a complete client experience that includes access to financing to fuel their clients’ success. Watermelon is a partner with an excellent business in the food & beverage space. We are proud to empower their merchants with financing that fuels growth,” Arora added.

    About Watermelon Ecosystem:
    Founded in 2020 by Omar AlShamsi, Watermelon Ecosystem is a B2B marketplace that connects buyers with sellers across the F&B supply chain. Watermelon Ecosystem enables food businesses to communicate directly with suppliers, streamline the purchasing processes, prevent delays, reduce waste, cut paperwork, generate purchase orders and invoices, and use the power of data to generate detailed reports for convenient forecasting, inventory management, and financial analysis.

    About Biz2X:
    Biz2X® is the digital lending platform chosen by successful business lenders, with more than $10 billion USD funded globally to businesses through the company’s innovative technology. The platform has been chosen for business lending at banks and financial institutions around the world. Lenders choose the platform because they want to transform their lending practices digitally. Biz2X makes this possible through best-in-class technology and AI-powered underwriting models. Visit Biz2X.com for more information.

    Media contacts
    John Mooney, Over The Moon PR, (908) 720-6057, john@overthemoonpr.com
    Charles Groome, Vice President of Growth Strategy, Biz2X, (332) 699-2785, charles.groome@biz2x.com


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