Marlin Protocol (POND) Rises 30% After New Partnership

POND, the native token of the decentralized artificial intelligence (AI) computing protocol, Marlin, has surged by double digits in the past 24 hours following an announcement of a new partnership with the AI inference store and aggregator Inferium.

Data from CoinMarketCap shows that POND surged over 58% within hours after news of Marlin’s partnership with Inferium emerged. The cryptocurrency rose from $0.017 to $0.027 in one swift move before gradually retracing its steps to $0.021 at the time of writing.

After skyrocketing to a multi-week high, POND is now recording a 24-hour increase of roughly 30% and a weekly surge of 4.8%.

Marlin Partners Inferium

According to Marlin’s tweet, the alliance with Inferium aims to accelerate the adoption of secure, verifiable AI inferencing. AI inferencing refers to using trained AI models to analyze and make predictions about new data.

Marlin offers Trusted Execution Environments (TEEs) coprocessors for decentralized AI, while Inferium allows developers to deploy inference on their AI models via a machine learning-driven intelligence platform. With this partnership, Inferium can offer transparent and provable on-chain inference results powered by zero-knowledge proof (zkProof) and TEEs.

“By leveraging Marlin’s TEE network, AI developers building agents using Inferium can verify the results onchain through attestations generated within TEEs. The added advantage of using TEEs is that the computation remains confidential, ensuring data privacy,” Marlin stated.

Besides enabling developers to inference their AI models, Inferium also aggregates multiple AI models and suggests optimized solutions through inferencing. 

Announcing the alliance with Marlin, Inferium tweeted:

“Marlin’s Trusted Execution Environments (TEEs) will elevate Inferium’s verifiable inference capabilities, ensuring secure off-chain computations with on-chain proofs. As they expand to support GPUs, we’re excited to explore even greater possibilities together. The future of secure and verifiable AI inference starts here—powered by Inferium and Marlin!”

The Growing Bond Between AI And Crypto

The latest collaboration between Marlin and Inferium highlights the growing bond between AI and the crypto space. Many protocols increasingly integrate AI models and technologies in their operations for enhanced algorithms.

Meanwhile, the spike in the value of POND shows how news and significant events can affect the prices of cryptocurrencies negatively or positively. One example is bitcoin’s surge past $100,000 following the victory of the pro-crypto U.S. President Donald Trump in the November 2024 elections.