Our analysis on the decentralized physical infrastructure network (DePIN) market revealed a significant growth, with its market cap rising over 40% to USD $31 Billion in the past 2 weeks. However, it’s essential to shift focus to the emerging decentralized cloud computing market, projected to hit $1.5 Trillion by 2030.
Driven by compute-intensive industries like AI, which demands vast computational resources for model training and data analysis, this growth necessitates a substantial increase in network node participation. To facilitate this, open and incentivized participation is crucial, highlighting the importance of DePIN.
The sector is now getting ready for a fillip with the advent of compute especially designed for the AI industry.
Allow us to introduce a fresh new kid on the block — Cluster Protocol — which aims to democratize AI and the decentralized physical infra network on the blockchain by developing a Proof-of-Compute based network that rewards GPU providers consistently; irrespective of whether the GPUs are rented or idle, the earnings for the participants are guaranteed!
It is with great excitement we announce that Pivot has selected Cluster Protocol for our flagship acceleration program. We have been working together with the team at Cluster to drive its growth and development and create a transformative impact on the DePIN and AI technology landscape.
Why are we backing Cluster?
Founders
Pivot is 100% founder focused. People may or may not have the experience to start a company or run a business — what we are looking for is unyielding passion, unique vision, and relentless drive to innovate. That is what we observed with Prateek & Yatharth who have spent a good amount of their time last 2 years working with other companies in this space to understand the nitty-gritty of running a Web 3.0 project and community building, while also shaping the DePIN & AI idea and starting up with gutso. \
Their passion and deep focus and insights in this sector was instrumental in a ✅ from our team.
Quite the hustlers, they are!
Technology
Cluster will implement its proof of compute protocol by leveraging FHE (Fully Homomorphic Encryption) enabling secure processing of encrypted data, thus ensuring privacy and data integrity. This also allows verifiable computations on private data, enhancing trust and security within the network without compromising the confidentiality of the data being processed.
It is this innovation that aligns with Pivot’s vision of fostering cutting-edge technologies that prioritize security, privacy, and efficiency without compromising on decentralization.
Protocol Features
Cluster Protocol introduces a comprehensive suite of features designed to revolutionize the AI and DePIN sectors. This was a 360 degree approach to a product roadmap with a long-term play in the DePIN + AI sector — something that Pivot always looks up to from startups.
- Ready-to-deploy Executive AI models for rapid deployment and scalability across various industries.
- Use of FHE for securing the decentralized big data marketplace providing a safe environment for data exchange.
- Cluster AI Hub For developers, contributors, and researchers which serves as a platform for decentralized contributions and earnings, enabling a larger collaborative ecosystem.
- Provision of high-performance compute APIs and SDKs, catering to developers’ needs for efficient and effective integration.
- Finally, access to industrial-grade GPU compute resources guarantees high-performance capabilities for demanding AI tasks, making it a comprehensive solution for advancing AI and blockchain technology.
Inclusive for the Masses
Cluster Protocol democratizes access to cutting-edge AI and computing technologies, ensuring inclusivity for the masses. By offering decentralized contributions and earnings, it empowers individuals globally, regardless of their background, to participate in and benefit from the digital economy.
There offerings of decentralized compute, datasets, AI models and training is a recipe for mass adoption where anyone and everyone gets to participate and earn.
DePIN + AI is primed for mass adoption.
Competitive Edge
Cluster is getting into a zone with industry veterans and larger companies like Io.NET, Ocean Protocol, Render Network & Akash Network which have already created a space for themselves.
However, Cluster stands out with the its features of verifiable compute, decentralized computing, decentralized data sharing, AI model training, and its deploy-to-earn model that gives it a competitive edge in the space.
To top it all, there is a huge pricing factor that will be at play which will give a significant advantage to Cluster, making its innovative services more accessible and cost-effective for a broader audience. This pricing strategy, combined with its unique offerings, positions Cluster not just as a participant in the market but as a leader redefining the norms of decentralized digital solutions.
Addressable markets
We have already spoken at lengths about this sector and how DePIN is bound to grow immensely in the next 5 years. Here is a gist of the merging markets and the growth expected by 2030. Couple with the trending businesses of AI, this sector is bound for huge growth.
- Different reports by Messari, CoinGecko and others suggest that the market is expected to grow to a $3.5 trillion by 2028 (Read: Sector Analysis :: DePIN — Part 2)
- The cloud computing market, estimated at nearly $480 billion in 2022, could reach $1.5 trillion by 2030. (Read: Sector Analysis :: DePIN — Part 2)
- Over a 100 use cases in traditional industries where big data AI compute is used is waiting to be tapped by #web3 users (Read: Sector Analysis :: DePIN — Part 3)
- Increased use cases of AI & Compute in multiple new sectors adopting AI models such as vehicles, production, supply chain, medicines, gene sequencing and so many more will only increase in the need for AI Computing. (Source: OpenAI & NVidia)
- 600,000 nodes were added in 2023 which shows an increased interest in this space by normal users which underscores the potential benefits. (Read: Sector Analysis :: DePIN — Part 2)
Role of Pivot in the Cluster journey
Pivot is playing the role of a guide & partner in steering Team Cluster towards achieving different milestones. Some of the key areas of Pivot’s involvement will include:
- Identifying Key Milestones: Charting a roadmap for success with clear, achievable objectives.
- Community Growth & Management: Cultivating a vibrant, engaged community around Cluster Protocol.
- Product Development & Launch: Steering the development process and orchestrating a successful market introduction.
- Tokenomics: Refining and implementing a sustainable economic model for Cluster.
- Funding: Mobilizing financial resources to support Cluster’s growth ambitions.
- Go-To-Market Strategy: Crafting and executing a strategic plan to capture market share and drive adoption.
Speaking on this occasion, Anshul Dhir, Founder, Pivot said,
“We are truly excited to welcome Cluster Protocol to the Pivot family. Their innovative vision aligns perfectly with our mission to empower and accelerate the growth of groundbreaking technologies and teams. Together, we aim to redefine the boundaries of AI and Web 3.0 technologies.”
Yatharth Jain, Co-Founder & CBO, said,
“Joining the Pivot fold marks a significant milestone in our journey. We are thrilled to partner with a team that shares our passion for innovation and our vision for democratizing AI and blockchain. Together, we will navigate the challenges ahead and unlock new opportunities. This collaboration is just the beginning of a transformative journey.”
Commitment to empower innovation
As we forge ahead, our partnership with Cluster Protocol embodies our commitment to nurturing technologies that not only push the envelope but also democratize access to AI and blockchain. This collaboration signifies a step towards an innovative, inclusive digital future.
By backing Cluster, we are investing in the vision of a world where cutting-edge solutions are within reach for everyone, ensuring that the next wave of technological advancements benefits all sectors of society. Together, we aim to set the stage for a revolution in DePIN + AI that will redefine the landscape of digital innovation and inclusivity.
Here’s to a 🔥🔥🔥 start!
About Cluster
Cluster Protocol is a proof of compute protocol and Github for decentralized AI models. In short Cluster is a decentralized hub of everything AI. Cluster is revolutionizing AI accessibility by leveraging decentralized networks and Fully Homomorphic Encryption to ensure secure and consistent rewards for GPU providers. As the “Github for everything AI,” it aims to democratize AI access for individuals and SMEs, fostering a dynamic, incentive-driven ecosystem. Owners retain model rights, enabling revenue generation through integrated services. Secure model training with private datasets is ensured via encryption and federated learning. Cluster employs robust security measures, making AI accessible and secure for all, and marking a new era in technology democratization.
Website | Twitter | Telegram | Blogs | Whitepaper
About Pivot
Pivot is a global venture accelerator firm dedicated to the Web 3.0 industry, created by founders, for founders. Pivot’s selected startups are focused on milestones & are not bound to periodic curriculum-based programs. Founded by Anshul Dhir, a 3x founder in the Web 3.0 space, and mentor and investor in over 50 companies in Web3, we are uniquely positioned to lead the new wave of startups in the Web 3.0 space. Pivot is being supported by some great founders & Angels in this industry including Polygon, Delphi Digital, Blockchain Founders Group, Liminal, Biconomy, BitsCrunch, Tegro, Router, QuickSwap & more. We are also supported by Tier 1 ecosystems such as BNB Chain, Polygon, Arbitrum, ICP, Manta Network, Mantle apart from many VCs, launchpads, Exchanges & many more.
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