Aethir units up $100M fund for AI and gaming developments

Key Takeaways

Aethir Catalyst features a $20 million grant program to help tech startups.
The fund will challenge 336 million ATH tokens to assist AI and gaming initiatives.

Aethir, a decentralized GPU cloud computing firm, has introduced the launch of the Aethir Catalyst, a $100 million funding fund geared toward accelerating the event of AI and gaming initiatives.

🔥 Huge information Neighborhood,

We’re tremendous excited to announce a large $100 million Ecosystem Fund designed to help daring, bold initiatives with monetary backing and to stimulate AI and Gaming ecosystem development 💥

The primary part of our $100 million Ecosystem Fund options… pic.twitter.com/00lgF8byh7

— Aethir (@AethirCloud) October 10, 2024

The Aethir Ecosystem Fund, structured to help early-stage startups and enterprises alike, contains the Aethir Catalyst—a devoted $20 million grant program backed by the Aethir Basis.

Aethir Catalyst grants, awarded in ATH, Aethir’s native utility token, are tailor-made to fulfill the distinctive wants of every undertaking. This system will distribute 336 million ATH tokens over the following yr, equally supporting each AI and gaming initiatives to assist scale their operations.

Aethir detailed its dedication to breaking down obstacles for AI and gaming builders, significantly these dealing with challenges with high-performance computing.

As a part of this initiative, Aethir is using its expansive cloud community, powered by over 43,000 GPUs and three,000 NVIDIA H100 GPUs, to supply important compute sources.

“By allocating $20 million from the Aethir Basis’s $100 million fund, we’re guaranteeing essentially the most promising AI and gaming corporations have the sources they should thrive,” mentioned Mark Rydon, Aethir’s Chief Technique Officer.

The initiative is predicted to help over 100 initiatives, with a deal with 4 classes: gaming innovators, pre-launch initiatives, AI-integrated enterprises, and cloud gaming platforms. Every software is evaluated primarily based on innovation, development potential, computing wants, and neighborhood influence.