CandleFocus Aethir Unveils Catalyst Program with $100M Fund to Boost AI and Gaming Innovations
2024-12-01
Author: Content Editor
Singapore-based web3 firm Aethir has announced plans to create a $100 million ecosystem fund to support AI and gaming developments. The fund, known as Aethir Catalyst, will offer grants and compute subsidies to promising enterprises in these sectors. The grants, ranging from $5,000 to $200,000, will be given in Aethir's native utility token, which can be used to purchase compute power within the Aethir ecosystem. Aethir's decentralized infrastructure, powered by over 43,000 GPUs and 32,000 Edge devices, provides reliable and scalable computing power for businesses. The fund's first phase includes collaborations with partners XAI and XPLA, and future phases will bring additional partnerships. Aethir aims to become a leading player in advancing AI and gaming technologies globally.
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