Ahmad Shadid, the visionary behind the decentralized physical infrastructure network (DePIN) protocol known as io.net, has chosen to step down from his role as CEO. After leading the company with unwavering dedication and foresight, Shadid passes the torch to Tory Green, the esteemed Chief Operating Officer, who now steps into the pivotal role of CEO.

In a move to further solidify io.net's commitment to its ecosystem's growth, Shadid announced a momentous contribution of one million IO tokens to the GPU Internet Foundation. This substantial gesture underscores io.net's dedication to fostering innovation and expansion within its community.

Reflecting on the exponential growth io.net has experienced under his leadership, Shadid expressed heartfelt gratitude to both the community and the dedicated team members whose collective efforts propelled the company to unprecedented heights. With a steadfast commitment to the community's best interests and the long-term success of the project, Shadid emphasized that his decision to step down was a strategic one aimed at ensuring the project's continued prosperity.

In assuming the role of CEO, Tory Green expressed profound honor and responsibility, recognizing the solid foundation laid by Shadid. Green articulated his vision for the future, outlining strategic initiatives to uphold io.net's mission and drive continued growth. Notably, io.net currently boasts support for approximately 20,000 cluster-ready GPUs, providing essential AI services to an array of esteemed companies, including WonderAI, Krea, and Leonardo.

Looking ahead, Green eagerly anticipates the imminent launch of the IO token on June 11, marking a significant milestone in io.net's journey. This highly anticipated event is poised to propel io.net's growth trajectory forward, with a strategic focus on expanding its supplier and customer base.

Moreover, Green reiterated io.net's overarching mission to build the world's largest decentralized AI compute network, reaffirming the company's unwavering commitment to an open and accessible platform that fosters innovation and collaboration.

The announcement of Shadid's resignation comes on the heels of io.net's recent IO Summit Keynote on June 4, a landmark event that showcased the company's latest achievements and ambitious future plans. Featuring prominent figures such as Solana founder Anatoly Yakovenko and Aptos CTO Dr. Avery Ching, the keynote underscored io.net's position as a pioneering force in the decentralized AI landscape.

Despite facing challenges such as a recent network attack involving spoofed GPUs, Shadid reassured the community of io.net's resilience and operational integrity. With a steadfast commitment to security and innovation, io.net remains poised to lead the charge in revolutionizing the AI infrastructure landscape for years to come.