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Golem (GNT) is a global network of computing systems which combine to form a giant, worldwide pool of processing power. Based on blockchain technology, Golem provides a digital ecosystem for the sharing and trading of computing power, which can be used for resource intensive tasks like graphics rendering, natural language processing (NLP), and even artificial intelligence operations.
The Golem ICO was launched in 2016 and raised 820,000 ETH – a USD sum of $340 million. The Golem project was founded by Julian Zawistowski, Piotr Janiuk and Andrzej Regulski. The future of Golem may lie in providing a platform for the realm of artificial intelligence, as the accumulation of computing power will be of great benefit to those researching machine learning.
The GNT token is used within the Golem network to pay facilitate transactions, and to compensate users who choose to rent out their computing power. GNT tokens are compatible with Ether wallets, and currently form trading pairs with USD, BTC and ETH on several exchanges.