Equipped with advanced AI functionalities, this device is poised to spearhead edge computing, setting it on track to be the upcoming trend for cryptocurrency enthusiasts.
The ascendance of blockchain and cryptocurrencies has been marked by the concurrent progression of numerous technologies, predominantly enabled by the proliferation of the internet. A key player in this evolution is edge computing, a distributed computing framework that allows data processing at the ‘edge’ of the network, far removed from traditional data centers or cloud-based systems.
Regarded as a fundamental technology in the Metaverse, edge computing minimizes latency by processing data proximal to the source, thus substantially decreasing the time required for data to traverse to and from a server. By situating computing power and data storage nearer to the location of demand, edge computing can potentially conserve bandwidth and improve response times. In addition, localized data processing ensures that applications persist in their intended operation even amidst network outages.
The versatility of edge computing, allowing data processing at the network’s edge, has resulted in an accessible market worth $11 billion in 2022. Spanning sectors such as healthcare, manufacturing, agriculture, and gaming, the edge-computing market has been expanding at a compound annual growth rate (CAGR) of 37.9%, according to Grand View Research. Projections estimate the total accessible market to reach $155.9 billion by 2030.
As edge computing continues to progress rapidly, concurrent with improved internet connectivity, initiatives are emerging to exploit blockchain, artificial intelligence (AI), and other technologies. These aim to provide users and businesses innovative ways to capitalize on their internet accessibility.
The RevoFi network, empowered by high-speed Wi-Fi devices, is a decentralized wireless infrastructure platform designed to simplify onboarding for nonfungible tokens (NFTs), cryptocurrencies, and decentralized finance (DeFi). RevoFi’s mission is to democratize and decentralize the internet using AI capabilities, versatile business models, cloud cost reduction, and varied revenue generation. Its far-edge computing segment has the potential to constitute a serviceable, obtainable market of $1.1 billion in 2023, increasing to $14.5 billion by 2030.
An User-Centric Decentralized Network Users can participate in the network by owning a RevoFi-enabled device and earn Revos (RVS), the blockchain’s native token, by providing network coverage and sharing resources to compute, store, and transmit data across the network. RevoFi devices use Wi-Fi 6 mesh connectivity, regarded as the next generation of wireless technologies, providing significantly faster connections across a suite of devices and establishing a reliable hardware infrastructure for the Revos blockchain.
In addition to the connectivity features, RevoFi facilitates large language model training and applications through the AI capabilities of Jetson Nano, developed by technology titan Nvidia, specifically for edge-AI applications. RevoFi provides businesses with three flexible business models for financing, revenue sharing, and payout in their preferred currency. The RevoFi devices and network promise a 50% reduction in cloud costs and a further 15% to 35% reduction in bandwidth costs, making it a cost-effective solution for businesses seeking access to next-generation edge cloud infrastructure.
Device-Based NFT Staking RevoFi has introduced Cipher Army NFT device staking for users and businesses seeking to monetize their Wi-Fi connection and devices. Users can stake their Cipher Army NFTs on RevoFi devices to host and earn staking rewards in RVS or other tokens, providing storage, computing power, and connectivity for various workloads.
RevoFi is committed to constructing a sustainable and equitable far-edge and edge-cloud infrastructure accessible to everyone globally. The company is in the process of integrating Chainlink to enable earning of LINK tokens on a RevoFi device, aiming to position itself as the world’s premier mining hardware for Chainlink. Furthermore, RevoFi plans to incorporate BTC Lightning, Akash, and over 50 other protocols to bolster revenue earnings and deliver a truly decentralized edge-cloud infrastructure to the global market.