About NEO
Neo is a public, open-source blockchain platform designed to support a smart economy through smart contracts, decentralized applications, and programmable asset management. Da Hongfei and Erik Zhang created the project, originally called Antshares, in 2014. The source code was published in 2015, and the mainnet launched in 2016. Neo uses a delegated Byzantine Fault Tolerance consensus mechanism. NEO token holders vote to elect consensus and governance nodes, which handle block production and network parameters. The platform has a dual-token model. NEO is the governance and ownership token. GAS is the utility token used to pay for transactions and smart contract execution. NEO holders earn GAS distributions over time simply by holding NEO, but GAS, not NEO, is what gets spent when running applications on the network. NEO has a fixed total supply of 100 million tokens, all pre-minted and indivisible, with roughly 70.5 million in circulation. GAS is emitted per block up to a planned total of 100 million over approximately 22 years. In practice, Neo is infrastructure for digitized assets and decentralized applications. NEO functions as a governance and investment asset, while GAS is the metered resource for network usage.
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Marble's funding highlights growing investor confidence in AI-driven financial infrastructure, potentially reshaping capital markets dynamics.
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Core Scientific's pivot to AI colocation could stabilize revenue streams, reducing reliance on volatile Bitcoin markets and enhancing investor confidence.
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IREN's strategic pivot to AI cloud services highlights the potential for significant growth, but reliance on major clients like Microsoft poses risks.
IREN’s Texas data center for Microsoft falls behind schedule
The delays at IREN's data center highlight the risks of dependency on third-party infrastructure, prompting Microsoft to reassess its strategy.
IREN pushes more than $4 billion in annualized revenue target to January
IREN's delay highlights the volatility of tech-dependent revenue streams and underscores the risks of relying on a few major clients.
Penguin Solutions posts 68% revenue jump as AI memory demand lifts smaller players
Penguin Solutions' growth highlights the rising influence of smaller AI-focused firms in diversifying the tech supply chain landscape.
A sourced map of NEO's relationships is on the way.
Partners, competitors and related assets, each link independently verified and source-linked before it appears here.
The Crypto Briefing podcast is on the way.
Conversations on NEO and the wider market, hosted by our team, will appear here once episodes are live.