Arcanum Ventures is Backing Planck Network
Arcanum Ventures is thrilled to announce our backing of Planck Network, a pioneering force in decentralized connectivity, blockchain infrastructure, and artificial intelligence.
This partnership underscores our commitment to supporting innovative technologies that reshape the digital landscape and prove to be a net benefit for humanity.
What is Planck Network?
Planck Network sits at the critical junction of cryptocurrency, web3, and artificial intelligence, pioneering a bespoke blockchain network focused on the sharing of compute resources.
Utilizing advanced and decentralized physical infrastructure, Planck Network offers promising solutions that facilitate seamless, fast, and secure computing resource sharing around the globe.
Additionally, Planck Network is prioritizing the following for its platform:
- World’s Simplest Mining App: Users can earn rewards for lending idle computing power from mobile phones or desktop computers.
- Computational Resources: Planck Network currently hosts more than 25,000 GPUs and counting on the Planck Network testnet.
- Enhanced Security: The platform employs protocols to protect data integrity and user privacy.
- Scalability: Planck Network is built to handle large volumes of compute resources, making it suitable for a wide range of applications.
- AI Development Sandbox: The platform offers an intuitive interface for developers to design and launch customized and decentralized machine learning applications.
- Marketplace: Users can access compute power, pre-built code, open-sourced learning models, and data to build or use helpful applications.
How is Arcanum Ventures Helping to Build Planck Network?
Arcanum Ventures is committed to providing strategic guidance and resources to help Planck Network achieve its vision going forward.
As such, the Arcanum Ventures advisory firm will be supporting with the following:
- Product Design and MVP Strategy: Assisting in the development and refinement of Planck Network’s products and minimum viable product (MVP) strategy
- Token Economy Design: Taking a holistic approach to build a robust and useful digital asset ecosystem with value transferal mechanisms and sensible utilities
- Financial Modelling and Business Model Design: Providing support with financial forecasting for healthy business practices and sensical revenue streams
- Fundraising Support: Leveraging the Arcanum Ventures investor network and expertise to support Planck Network’s fundraising efforts
- Go-to-Market Strategy: Developing comprehensive strategies for launching products and digital assets
- Business Development: Facilitating networking opportunities and building strategic partnerships
- Marketing Guidance: Offering insights and strategies to enhance Planck Network’s market presence and reach
Diam Hamstra, co-founder of Planck Network, was able to share the following about the partnership and advisory from Arcanum Ventures:
“Arcanum Ventures is a very essential partner/advisor for us beyond creating our mainnet tokenomics; perhaps equally important is the constant advice we receive from them during our current fundraising. Investors are continuously looking to change conditions; with Sasha and Carmelo’s experience, we are making the right long-term decisions.”
Why Arcanum Ventures is Backing Planck Network?
Arcanum Ventures is supporting Planck Network due to its transformative approach to decentralized physical infrastructure (DePIN) in the artificial intelligence and machine learning sector.
Planck Network’s unique infrastructure and innovative solutions align with our mission to back technologies that drive the future of Web3. The platform addresses critical challenges with machine learning, data security, network efficiency, and compute resource network scalability, making it a pivotal player in the blockchain and artificial intelligence ecosystems.
Carmelo Giuliano, one of the founding partners at Arcanum Ventures had this to say about Planck Network:
“We were beyond impressed by the mobile mining app and network that Diam, Rohan, and the Planck Network team managed to build pre-funding, as well as the vast potential for this network to help empower a new generation of developers in the machine learning sphere. The competition in both DePIN and AI is fierce at the moment, but we’re extremely confident that Planck Network has built something truly special, and it has been a pleasure to be part of that journey.”
The Future with Planck Network
Our backing of Planck Network represents a significant step towards enhancing the decentralized web. Arcanum Ventures believes that Planck Network’s innovative solutions will revolutionize how we share compute resources and build machine learning applications and onboard more people into the web3 and AI sectors.
About Planck Network
Planck Network is a cutting-edge Web3 connectivity platform designed to enhance data transfer efficiency and security. Utilizing advanced blockchain technology, Planck Network offers unparalleled decentralized solutions that facilitate seamless, fast, and secure data transactions across various applications.
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