Aethir Launches $100M Fund for AI and Gaming Projects
Tanzeel Akhtar has been covering the cryptocurrency and blockchain sector since 2015. She has written for the Wall Street Journal, Bloomberg, CoinDesk and Bitcoin Magazine.
Decentralized public infrastructure network (DePIN) firm Aethir is launching a $100 million Aethir Ecosystem Fund for gaming projects.
The fund will be supported by the Aethir Foundation, providing financial support to artificial intelligence (AI) and gaming sectors.
Through its grant programs, the fund is set to accelerate the adoption of Aethir’s decentralized compute platform, empowering both startups and established enterprises to scale their projects with ease.
Aethir said it has also launched Aethir Catalyst, a grant program within the ecosystem that will distribute 336,000,000 ATH tokens across the next year. These tokens will split equally between AI and gaming projects.
In June, Aethir launched its cloud network on the Ethereum mainnet. DePINs are blockchain-based protocols used for creating and operating the physical hardware infrastructure of the network in a decentralized way.
Aethir’s cloud computing infrastructure platform allows data centres, and other cloud providers as well as crypto mining firms to contribute idle graphics processing unit (GPU) resources to its network.
At the heart of the new fund launch is the Aethir Catalyst, a $20 million independent grant program that will form the cornerstone of the Aethir Ecosystem Fund.
The funding will be used to support over 100 projects, offering financial aid through grants or subsidies to companies that rely heavily on GPU compute.
Aethir said it is positioning itself as a vital infrastructure provider, allowing developers to focus on innovation without being hindered by limited access to
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