blockchainreporter.net
Aethir, a Singapore-based web3 firm, has unveiled its plan to create a $100 million ecosystem fund to support artificial intelligence (AI) and gaming developments. This initiative seeks to offer funding and computational resources for companies establishing disruptive technologies in these sectors. Through various grant programs and partnerships, Aethir intends to empower businesses with scalable computing power and financial resources to accelerate technological advancements.
As @elonmusk said, "Let’s make games great again!" Aethir shares a similar vision with its $100M Ecosystem Fund, designed specifically to support AI and gaming innovators 🎯
— Aethir (@AethirCloud) November 30, 2024
The first phase of the $100M Ecosystem Fund, Aethir Catalyst, is already LIVE 🔴
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Aethir Catalyst Program for AI and Gaming
The fund’s initial phase includes the Aethir Catalyst program, which offers grants and compute subsidies to promising AI and gaming enterprises. Grants range from $5,000 to $200,000, distributed in Aethir’s native utility token $ATH, which can be used to purchase compute power within the Aethir ecosystem. Eligible companies also receive marketing support to boost their innovations.
In addition to grants, Aethir Catalyst provides compute subsidies, reducing the cost of computing services by up to 35%. These subsidies enable enterprises to scale their operations efficiently while minimizing expenses. Candidates for this program include AI-integrated enterprises, cloud gaming platforms, and gaming innovators with high user engagement potential.
Aethir’s decentralized infrastructure is powered by over 43,000 GPUs and a network of 32,000 Edge devices distributed globally. These resources are optimized for high-performance AI workloads and cloud gaming platforms, ensuring reliable and scalable computing power for businesses of all sizes.
Ecosystem Support Through Aethir Edge
Through the Aethir Edge program, operators of Edge devices can participate in the network while earning ATH rewards. The Aethir Foundation has allocated a fixed daily reward of 100 ATH per active device to incentivize participation from November 2024 through mid-2025.
Enterprises utilizing Aethir’s decentralized network or collaborating through token allocations are eligible for the grant program. Applications are evaluated based on computing demands, user engagement potential, revenue models, and innovation in AI or gaming. The Aethir Grant Committee, comprising industry experts, oversees the selection process and determines grant sizes and milestones.
The fund’s first phase includes collaborations with partners like XAI and XPLA. Future phases will introduce additional partnerships and expand Aethir’s support for AI and gaming innovators. Aethir seeks to establish itself as a key player in advancing AI and gaming technologies globally by offering enterprise-grade GPU services.