LuminAI is a decentralized AI infrastructure platform that aims to bring together the power of cutting-edge hardware and large language models. The fully decentralized and autonomous peer-to-peer (P2P) marketplace is built for lending machine learning and hardware systems.
This article will take a closer look at LuminAI to learn what the project is all about and how it works. We shall also explore the Ethereum-based ecosystem’s native LUMAI token, understand its use cases, make price predictions for it until 2030, and list exchanges where you can trade them, before determining whether it is a credible cryptocurrency investment.
So, without further ado, let’s get started.
What is LuminAI (LUMAI) and How Does it Work?
LuminAI is an Ethereum-based decentralized marketplace that provides users access to cutting-edge graphics processing units (GPUs) directly from vendors and open-source AI models from communities like Hugging Face. Users can also lend their GPU on the marketplace to get paid in Ether (ETH) when their hardware is rented out by other users.
The platform employs a Pay-as-you-Go subscription model, where users only have to pay for the hours they use the hardware. The LuminAI marketplace currently offers AI-supported graphics processors like the Nvidia GH200, Nvidia A100, Nvidia A40, Nvidia HGX H100, Nvidia L40S, and Nvidia A16. Prices for the GPUs range from $0.033 per hour to $4,335 per hour.
Furthermore, LuminAI offers access to various open-source AI communities, including OpenAI’s GPT-2, and Meta’s Llama and Llama 3-8B, which are transformer models trained on extremely large datasets in a self-supervised manner.
What is the LuminAI (LUMAI) Token?
LUMAI is the native utility cryptocurrency of the Lumin AI Network. The token is at the heart of the ecosystem as it powers all activities within the ecosystem. LUMAI can be used to make purchases or pay for services on the GPU and AI marketplace.
LuminAI users also have the chance to earn passive income by renting out their GPUs to interested clients who want to expand their AI products.
The Ethereum ERC-20 standard cryptocurrency has a market capitalization of $1.3 million. LUMAI has a maximum supply of 100 million tokens, and since it was launched two days ago at press time, there is no information on its circulating supply.
In the last 24 hours, LUMAI attained a trading volume of $1.277 million. At the time of writing, the cryptocurrency is trading at $0.01499 – down 15.2% from its previous day’s price.
LuminAI (LUMAI) Price Prediction: 2024, 2025, 2026, 2027, 2028, 2029, 2030
Since LUMAI is only a few days old, there is not much information available to make price projections for the token until the end of the decade. This section of the article will be updated as soon as the data is made available.
Where to Buy LuminAI Network (LUMAI) Token?
LUMAI tokens are currently listed only on Ethereum-based decentralized cryptocurrency exchanges, such as:
Is LuminAI Network a Credible Cryptocurrency Investment?
LuminAI is a newly launched marketplace on the Ethereum blockchain that aims to bring together the power of cutting-edge hardware and AI models. The platform enables people to lend their GPU power to developers and other users to power open-source AI models.
The innovative marketplace employs a pay-as-you-go subscription model where users only have to pay based on the hours they put into the GPU. LuminAI offers a variety of Nvidia GPUs that are purpose-built to run large language models (LLMs) from OpenAI, Hugging Face, and Meta. Moreover, you can rent out your GPUs on the Lumin AI marketplace to get paid an income in ETH.
All things considered, I would say Lumin’s fully decentralized GPU and AI marketplace is a step in the right direction for the tech industry. Therefore, I would recommend that investors keep a close watch on how the project develops.
However, as is the case with every cryptocurrency, LUMAI is also prone to extreme price fluctuations. Hence, you must do thorough research before making any investment decision regarding LuminAI Network.
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