Aside from Bitcoin and Ethereum, the relative market positions of even the largest crypto coins can turn on a dime.Īlong with the recent reawakening of Bitcoin, significant price action has occurred throughout the crypto market in the past week. With investors anticipating an official announcement from the Nvidia side of the camp, though, things could look different soon.One of the prides and pitfalls of the cryptocurrency market is how quickly and dramatically things can change. Unfortunately for investors, the Flux crypto isn’t reflecting this bullish news yet the coin is currently losing about 10%. And now, Flux will have a vast array of tools at its disposal to beef up its offering and ensure future innovation. The partnership is forged out of an interest Nvidia shares with Flux and other Web 3.0 projects to further the success of a decentralized internet. As a premier partner, Flux is one of just a few projects with the highest level of access to Nvidia’s engineers and marketers, who will be able to offer support to the project. Now, Nvidia is stepping into the world of crypto and Web 3.0 by announcing an Inception partnership with Flux. It’s also especially relevant in the crypto world, as these GPUs are fueling the world of cryptocurrency mining.
That’s because the company is most known for its production of high-end graphics processing units (GPUs). Nvidia (NASDAQ: NVDA) is a tech company that is coming more into public view throughout the chip shortage. In fact, Flux is ramping up development significantly, thanks to a backing by a major tech player. This week, it’s not slowing down on this pace in the slightest.
The Flux crypto is obviously going through massive changes for the better. Three months ago, Flux was not even among the top 500 crypto projects by market capitalization today, it is the 122nd-largest crypto, and one of the largest of the Web 3.0 movement, with its $500 million market cap.įlux Crypto Inks Partnership With Nvidia on Development It’s also rapidly becoming a frontrunner when it comes to Web 3.0 crypto projects. Indeed, the coin is posting gains of over 800% since October of last year. The Flux crypto has been astonishing investors for a few months now. This makes apps accessible anywhere and at any time. Anybody can operate a node, and they’re spread all over the world. The network also guarantees competitive speeds to these tech giant services user-run FluxNodes support the infrastructure underlying these services. Using Flux, one can deploy containerized apps and oracles, host servers and store files.
#Flux crypto software#
The cloud software outfit offers a suite of products that compete with the offerings of that of Amazon Web Services, but with the added bonus of being decentralized. Flux is a project that wants to challenge the web service products of tech giants like Amazon (NASDAQ: AMZN) and Alphabet (NASDAQ: GOOG, NASDAQ: GOOGL).
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