- June 13, 2024
- Posted by: [email protected]
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The Decentralized Public Infrastructure Network (DePIN), Aethir, has officially launched its cloud network on the Ethereum mainnet. DePINs are blockchain-based protocols designed to create and operate the physical hardware infrastructure of a network in a decentralized manner, offering a transformative approach to cloud computing and resource management.
Aethir’s cloud computing platform enables data centers, cloud providers, and crypto mining firms to contribute idle graphics processing unit (GPU) resources to its network. This innovative model not only optimizes resource utilization but also reduces costs and environmental impact by leveraging existing hardware. The platform caters to a diverse customer base, including AI companies and gaming studios, with operations spanning Southeast Asia, Latin America, and North America.
“By providing a scalable framework for redistributing idle compute resources, we can empower more innovation in the rapidly evolving domains of AI, machine learning (ML), and cloud gaming,” said Mark Rydon, Chief Commercial Officer at Aethir, in a press release. He emphasized the importance of the mainnet launch, stating, “Now on mainnet, high-quality enterprises can contribute to the Aethir network and increase access to the current supply of GPUs.” This development marks a significant milestone for Aethir, enhancing its capacity to support computationally intensive applications and fostering a more inclusive and decentralized digital infrastructure.
Aethir completed its pre-funding round in 2023, raising $9 million and achieving a company valuation of $150 million. This funding round saw participation from prominent investors such as Framework Ventures, Merit Circle, Hashkey, and Animoca Brands. The successful fundraising highlights strong investor confidence in Aethir’s vision and potential to revolutionize cloud computing.
Aethir also introduced a new staking program, enabling users to participate in the growth of its distributed GPU network. Staking allows users to earn rewards by holding specific crypto tokens, providing an incentive for participation in the network. Starting today, Aethir will allow participation in two inaugural staking pools: ATH Gaming and ATH AI. According to the network, staking in ATH Gaming will earn participants rewards in the native crypto tokens of Aethir’s gaming partners, while the ATH AI pool offers additional rewards from Aethir’s AI partners. This dual-pool approach is designed to attract a wide range of participants and maximize the utility of staked tokens.
ATH holders can use both pools simultaneously, dividing their staked ATH to earn additional rewards from both gaming and AI partners. Some of these partners include IO.net, KIP Protocol, CARV, Crush Protocol, Deverse World, and Rivalz Network. This diverse array of partners underscores Aethir’s commitment to fostering a robust ecosystem that supports various innovative applications.
Aethir intends to use idle GPU resources to accelerate improvements in AI, machine learning, and cloud gaming by debuting on the Ethereum mainnet and introducing unique staking possibilities. This strategy not only enhances the efficiency of resource utilization but also expands Aethir’s influence and operational reach in the tech industry. The company’s approach reflects a broader trend towards decentralization and resource optimization, positioning Aethir at the forefront of the next wave of technological innovation.
