Koii Network

Koii Network was a decentralized physical infrastructure (DePIN) project founded in 2020 by Al Morris to aggregate idle consumer computing capacity into a community-owned cloud capable of competing with AWS and Google Cloud for AI and general workloads. The project raised 50,000 USD from Outlier Ventures in pre-seed (2020), a seed round from Monday Capital (2022), and a CoinList community round (2024). Technically, Koii centered on three components: K2, a settlement layer built on Solana Labs technology that served as the network message hub; Tasks, containerized microservices distributed across consumer nodes and executed in exchange for KOII token rewards; and the Orca Environment, a Docker-based runtime using token staking to hold nodes accountable. The aggregate was marketed as Koii Data Services, an autoscaling cloud for enterprise developers. The mainnet launched January 2, 2025 with 100,000-plus active nodes processing 185.1 TB of data and 7 million transactions daily. KOII listed on Gate.io and MEXC on January 13, 2025; the total supply was 10 billion tokens at a 125 million USD pre-valuation. Shortly after launch, validator profitability collapsed as token prices fell sharply, and the team announced a migration to a new unspecified Layer 1 blockchain to address tokenomic challenges. By February 2026, KOII traded near 0.0001525 USD with a market cap around 86,000 USD. As of mid-2026, the official koii.network domain is parked for sale, indicating the original network is no longer active. The project airdropped KOII to 110,000-plus Solana Seeker pre-orderers and was frequently cited in DePIN discussions within the Solana ecosystem during 2024 and early 2025.