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News Release Highlights:
Strategic Acquisition of io.net (IO) Tokens: Alset AI has acquired 12,868 io.net (IO) tokens, gaining vulnerability to the world's largest decentralized AI computing network, supporting the democratization of entree to high-performance computing infrastructure and graphic processing units (GPUs).
Diversification done (SOL) Investment: As portion of its forward-thinking strategy, Alset AI acquired 185.2 Solana (SOL) tokens, showcasing assurance successful decentralized technologies and expanding its fiscal positioning into the increasing crypto market.
The acquisitions of io.net and Solana tokens underscore Alset AI's committedness to advancing decentralized ecosystems and supporting scalable, cost-effective AI infrastructure solutions that enactment the democratization of technology.
VANCOUVER, BC / ACCESS Newswire / January 21, 2025 / Alset AI Ventures Inc.(TSXV:)(OTC:ALSCF)(FSE:1R60, WKN:A3ESVQ)("Alset AI" oregon the "Company") an artificial quality (AI) task institution advancing innovation done strategical concern and unreality computing solutions, announces the archetypal acquisition of 12,868 io.net (IO) tokens with an mean outgo ground of astir C$4.30 (approximately USD$3.00) per token, arsenic portion of its unfastened wallet inaugural to prosecute with decentralized AI ecosystems. This strategical acquisition enhances Alset AI's committedness to advancing innovative technologies successful decentralized AI and complements its ongoing concern successful Cedarcross International Technologies Inc. ("Cedarcross Technologies") to democratize entree to unreality computing and AI infrastructure. The Company utilized WonderFi Technologies Inc.'s (TSX:) (OTCQB:WONDF) Bitbuy platform, a starring Canadian cryptocurrency trading platform, to execute the transaction.
Moreover, On Tuesday, January 14, 2025, the Company strategically acquired Solana (SOL) tokens arsenic portion of its inaugural to diversify its equilibrium expanse up of acquiring io.net tokens. This forward-looking concern underscores the Company's assurance successful the maturation of decentralized technologies and its dedication to gathering a robust fiscal foundation. The Company purchased 185.2 SOL astatine an mean outgo ground of C$269.98 (approximately USD$187.86). Currently, the Company retains 28.2 SOL connected its equilibrium sheet.
About io.net
io.net is simply a decentralized graphic processing portion (GPU) web designed to supply scalable and cost-effective computing powerfulness for AI and instrumentality learning applications. Its autochthonal cryptocurrency built connected the Solana blockchain, the $IO token, plays a cardinal relation successful the platform's ecosystem, facilitating transactions, incentivizing participation, and ensuring web security.
io.net aggregates underutilized GPUs from assorted sources, including autarkic information centers, idle cryptocurrency mining farms, and idiosyncratic consumers, creating a decentralized web that offers computing powerfulness astatine importantly little costs compared to accepted unreality providers. This exemplary not lone maximizes assets utilization but besides democratizes entree to high-performance computing, enabling a broader scope of researchers and organizations to prosecute successful AI-driven innovations.
Key Highlights:
Strategic Purpose:
Acquiring io.net tokens let Alset AI to actively enactment successful io.net's decentralized AI ecosystem, supporting web governance, token staking, and ecosystem growth. This acquisition positions Alset AI arsenic an aboriginal adopter of decentralized AI ecosystems, expanding its competitory vantage successful the AI industry.Alignment with Decentralized AI Goals:
io.net's decentralized level aligns with Alset AI's imaginativeness for scalable, unafraid AI solutions. The tokens supply vulnerability to the decentralized ecosystem and foster imaginable aboriginal information by Alset AI and/or its portfolio companies.Portfolio Company Synergy:
This inaugural complements Alset AI's concern successful Cedarcross Technologies by integrating decentralized solutions that align with the Company's broader unreality computing strategy, enabling scalable and businesslike deployment of advances AI technologies.
Management Commentary
"Our acquisition of io.net tokens is simply a important milestone successful our travel to alteration however artificial quality is developed and deployed, and to integrate io.net's level with our strategical initiatives," said Adam Ingrao, CEO of Alset AI. "The fixed supply, disinflationary emissions, and token pain mechanisms are designed to enactment semipermanent worth appreciation. Additionally, io.net's innovative attack to providing cost-effective and scalable AI computing resources positions it favorably successful the increasing AI and instrumentality learning market. These tokens are much than an investment; they are a gateway to harnessing the immense imaginable of decentralized AI."
Token Investment Committee
The Company besides announces it anticipates forming a Token Investment Committee. This committee volition supply governance and strategical guidance for the Company's token-related investments, ensuring that these efforts align with semipermanent objectives and present sustainable worth for stakeholders. Alset AI's Token Investment Committee volition besides measure opportunities wrong the token economy, and assistance usher the Company's information successful decentralized networks. This inaugural underscores Alset AI's committedness to a structured and strategical attack to participating successful the rapidly evolving decentralized AI landscape, and is the company's archetypal strategical determination to physique a equilibrium expanse that includes decentralized opportunities that could person important upside possibilities.
Restricted Share Units (RSUs)
The Company besides announces that it has granted 2,900,000 restricted banal units (the "RSUs") to definite directors, officers, and consultants of the Company pursuant to the Company's omnibus inducement plan. The RSUs shall vest 12 months from the day of grant, successful accordance with applicable speech policies and the Company's omnibus inducement plan. The RSUs grants are taxable to the support of the TSX Venture Exchange (the "TSXV").
Debt Settlement
The Company besides announces it intends to settee indebtedness totaling $160,697.64 owed to definite creditors of the Company successful information for the issuance of an aggregate 788,330 communal shares successful the superior of the Company (each a "Debt Share") and 640,092 units of the Company (each, a "Debt Settlement Unit") astatine a deemed terms of $0.1125 per Debt Settlement Unit and Debt Share (the "Debt Settlement").
Each Debt Settlement Unit volition dwell of 1 Debt Share and 1 transferable communal stock acquisition warrant (each, a "Debt Settlement Warrant"), with each Debt Settlement Warrant exercisable to acquisition 1 further communal stock of the Company (each, a "Debt Settlement Warrant Share") astatine an workout terms of $0.15 per Debt Settlement Warrant Share for a play of 2 years from the day of closing of the Debt Settlement. The securities issued nether the Debt Settlement volition beryllium taxable to a statutory clasp play expiring 4 months and 1 time from the day of issuance.Closing of the indebtedness colony is taxable to support of the TSXV.
Certain Related Parties to the Company whitethorn enactment successful the Debt Settlement for up to 788,330 Debt Shares and specified information whitethorn represent a related enactment transaction nether Multilateral Instrument 61-101 - Protection of Minority Security Holders successful Special Transactions ("MI61-101"). Pursuant to the Policies of the TSXV, immoderate Related Party to the Company shall person Debt Settlement Shares lone and nary Debt Settlement Warrants. The Company intends to trust connected exemptions from the ceremonial valuation and number shareholder support requirements provided nether subsections 5.5(a) and 5.7(a) of MI 61-101 connected the ground that information successful the Debt Settlement by insiders volition not transcend 25% of the just marketplace worth of the Company's marketplace capitalization.
This property merchandise shall not represent an connection to merchantability oregon the solicitation of an connection to bargain securities successful the United States, nor shall determination beryllium immoderate merchantability of the securities successful immoderate jurisdiction successful which specified offer, solicitation oregon merchantability would beryllium unlawful. The securities being offered person not been, nor volition they be, registered nether the U.S. Securities Act of 1933, arsenic amended (the "1933 Act"), oregon nether immoderate U.S. authorities securities laws, and whitethorn not beryllium offered oregon sold successful the United States absent registration oregon an applicable exemption from the registration requirements of the 1933 Act and applicable authorities securities laws.
On behalf of Alset AI Ventures Inc.
"Adam Ingrao"
Adam Ingrao
Chief Executive Officer
About Alset AI Ventures Inc.
Alset AI is simply a pioneering AI and unreality computing concern firm, committed to nurturing high-potential exertion companies. Through a operation of capital, strategical advisory, and unreality computing alliances, Alset AI is shaping the aboriginal of artificial quality and gathering an AI-focused task superior level poised for important growth.
About io.net
Io.net is simply a decentralized GPU web that provides scalable and cost-effective computing powerfulness for instrumentality learning and AI applications. By aggregating underutilized GPUs from autarkic information centers, crypto miners, and user hardware, io.net offers on-demand entree to planetary GPU resources, enabling accelerated deployment of clusters for AI development. With a committedness to accessibility, efficiency, and innovation, io.net empowers AI startups and developers to accelerate their projects with unparalleled velocity and affordability.
For further accusation astir Alset AI Ventures Inc., delight contact:
Adam Ingrao, Chief Executive Officer
T: 1-236-312-6744
E: ir@alsetai.com
Neither TSX Venture Exchange nor its Regulation Services Provider (as that word is defined successful the policies of the TSX Venture Exchange) accepts work for the adequacy oregon accuracy of this release.
Disclaimer for Forward-Looking Information
This quality merchandise contains forward-looking statements wrong the meaning of applicable Canadian securities legislation. Forward-looking statements are identifiable by presumption specified arsenic "anticipates," "expects," "believes," "intends," "plans," "forecasts," "may," "will," "could," "should," and akin expressions, arsenic they subordinate to the Company oregon its management. These statements include, but are not constricted to, discussions regarding the Company's strategical acquisition of io.net tokens and Solana tokens, the anticipated benefits of participating successful decentralized AI ecosystems, the relation of these acquisitions successful advancing AI infrastructure solutions, the anticipated enactment of the Token Investment Committee, the TSXV's support of the Debt Settlement, and the completion of the Debt Settlement arsenic anticipated oregon astatine all. Forward-looking statements are based connected the Company's existent expectations, estimates, and assumptions, including assumptions about: the palmy implementation of io.net's decentralized GPU network; the maturation and adoption of decentralized technologies; the scalability, security, and cost-effectiveness of these solutions; the Company's quality to leverage these technologies to heighten innovation successful AI; the regulatory support processes; and the quality of the Token Investment Committee to efficaciously usher token-related investments. Forward-looking statements impact known and chartless risks, uncertainties, and different factors that whitethorn origin existent results, performance, oregon achievements to disagree materially from those expressed oregon implied by specified statements. These risks include, but are not constricted to: challenges successful the adoption oregon implementation of decentralized AI and blockchain technologies; risks associated with cryptocurrency marketplace volatility, including fluctuations successful the worth of io.net and Solana tokens; regulatory changes affecting the AI, blockchain, oregon cryptocurrency industries; economical and marketplace volatility; imaginable delays oregon failures successful obtaining TSXV support for the Debt Settlement; contention from different AI oregon decentralized platforms; strategical alignment challenges related to the integration of decentralized technologies; and risks related to the Company's quality to execute its strategical initiatives effectively. Additional risks and uncertainties are outlined successful the Company's filings with Canadian securities regulators, disposable astatine www.sedarplus.ca. Forward-looking statements talk lone arsenic of the day of this release. The Company undertakes nary work to update oregon revise immoderate forward-looking statements to bespeak caller information, aboriginal events, oregon otherwise, but arsenic required by law. Investors are cautioned not to spot undue reliance connected forward-looking statements, arsenic existent results whitethorn disagree materially from those expressed oregon implied herein.
SOURCE: Alset AI Ventures Inc.
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