The fund aims to accelerate the adoption of Aethir’s decentralized compute platform.
Decentralized public infrastructure network (DePIN) firm Aethir is launching a $100 million Aethir Ecosystem Fund for gaming projects.
The Aethir Foundation will manage the fund, giving the gaming and artificial intelligence (AI) industries financial support.
The fund aims to facilitate the rapid adoption of Aethir’s decentralized compute platform by means of its grant programs, thereby enabling startups and established enterprises to scale their projects with greater ease.
Aethir announced the launch of Aethir Catalyst, an ecosystem grant program that will give out 336,000,000 ATH tokens over the course of the upcoming year. The AI and gaming projects will each receive an equal portion of these tokens.
Aethir Launches Network on Ethereum Mainnet
Aethir introduced its cloud network on the Ethereum mainnet in June. DePINs are blockchain-based protocols that are used to create and manage the network’s physical hardware infrastructure in a decentralized fashion.
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.
$20M Aethir Catalyst Grant Program
The $20 million Aethir Catalyst, an independent grant program that will serve as the foundation for the Aethir Ecosystem Fund, is at the center of the new fund’s launch.
More than 100 projects will benefit from the funding, which will provide grants or subsidies to businesses that primarily rely on GPU computing.
According to Aethir, it is establishing itself as a crucial infrastructure supplier so that developers can concentrate on innovation without having to worry about having insufficient access to processing power.
The fund’s launch is pertinent at a time when the AI and gaming industries are growing more and more compute-intensive. Through assisting both large-scale businesses and early-stage startups, Aethir hopes to forge strategic alliances that will shape both industries’ futures.
Aethir’s Ecosystem Fund comprises two more $10 million grant programs, in collaboration with XAI and XPLA, in addition to the Catalyst program. These programs are intended to further accelerate advancements in AI and gaming.
According to Mark Rydon, co-founder of Aethir, “Aethir Catalyst represents a significant commitment to democratizing access to GPU compute for AI and gaming innovators.”
“By allocating $20 million to this fund, we are ensuring that the most promising companies have the resources they need to thrive, reducing the barriers to compute power for all,” adds Rydon.