Blockchain analytics firm bitsCrunch has acquired Nidum AI, a decentralized AI computing platform, to establish a global network of high-performance AI compute nodes, the company announced on Wednesday.

The acquisition integrates Nidum AI's distributed computational resources into bitsCrunch's operations, aiming to enhance AI-driven analytics for blockchain applications.

Alongside the purchase, bitsCrunch launched a decentralized AI ecosystem, designating its BCUT/USD token as the sole currency for accessing services within this network.

The deal brings Nidum AI's infrastructure—connecting AI developers with computational power worldwide—under bitsCrunch's umbrella, a move rooted in the latter's focus on blockchain forensics and data insights.

The ecosystem employs Tensor and Pipeline parallelism to split complex AI tasks across multiple nodes, targeting faster model training and inference for applications like fraud detection and risk assessment.

bitsCrunch claims this structure cuts costs to roughly 1/100th of competitors like OpenAI and Grok, though independent verification of this figure remains pending.

The $BCUT token, already traded on exchanges such as ByBit, KuCoin, and Uniswap UNI/USD, will now facilitate payments for these services, tying its utility directly to the ecosystem's functionality.

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Vijay Pravin, bitsCrunch's Founder and CEO, framed the acquisition as a strategic expansion with global implications.

"This strategic acquisition demonstrates the scale of our ambition to be a leading force in the decentralization of AI," he said, noting Nidum AI's origins as an Indian counterpoint to centralized AI giants like OpenAI.

"Our native $BCUT token will serve as the exclusive currency of a thriving, decentralized AI marketplace," he added, emphasizing its role in linking users and developers.

The ecosystem targets financial institutions, regulators, and investors, offering tools for real-time compliance and threat detection in digital transactions.

The acquisition follows bitsCrunch's work in multi-chain analytics, where it serves retail and institutional clients with AI-powered forensics.

Nidum AI's technology adds a layer of distributed computing power, potentially broadening bitsCrunch's reach into industries reliant on scalable AI.

However, the integration's success hinges on execution—connecting a global developer base with compute resources poses logistical and technical challenges.

Competing platforms like io.net IO/USD and Gaia GAIA/USD also vie for dominance in decentralized AI computing, raising questions about bitsCrunch's ability to differentiate itself beyond cost claims.

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