Aethir, a leader in decentralized GPU cloud computing in the fields of artificial intelligence and gaming, has announced the launch of the Aethir Ecosystem Fund, with a scale of up to $100 million. Supported by the Aethir Foundation, the fund consists of multiple grant programs aimed at accelerating the adoption of the Aethir computing platform and empowering startups in the AI and gaming sectors. As part of this initiative, Aethir has launched an independent grant project called Aethir Catalyst, which will distribute 336 million ATH tokens over the next year.
The Aethir Ecosystem Fund aims to leverage existing and newly launched grant programs to drive innovation in the AI and gaming industries. The core program of the fund is Aethir Catalyst, a $20 million initiative that will provide financial support in the form of grants or subsidies to over 100 projects. Aethir Catalyst is designed to support startups and enterprises with high computational demands, particularly those integrating AI or developing highly engaging gaming projects. Aethir will evaluate applications based on various criteria, including innovation level, growth potential, computational needs, and community impact.
By distributing 336 million ATH tokens (averaged across AI and gaming projects), Aethir seeks to establish strategic partnerships with buyers of computational resources, while also supporting early-stage startups. Aethir Catalyst lowers the barrier to high-performance computing, providing businesses with the critical resources needed for project development. For many innovative companies, access to GPU resources is a key factor for growth, and Aethir's initiative aims to make these resources more accessible, directly addressing the pain points of businesses.
The Aethir Ecosystem Fund is not just a financial commitment; it is a strategic initiative to foster a new wave of industry growth. As AI and gaming technologies become increasingly "compute-intensive," Aethir positions itself as a vital infrastructure provider to help developers bring their most ambitious ideas to life. Aethir Catalyst, along with two other $10 million ecosystem grant programs, is a key component of the Aethir Ecosystem Fund, aimed at accelerating the creation and deployment of cutting-edge AI applications and immersive gaming experiences. These programs will collaborate with XAI and XPLA to drive innovation and influence the future of both industries.
In addition to grant programs, the Aethir Ecosystem Fund also offers a subsidy program that provides companies in need of GPU computing resources with discounts of up to 35% on off-platform service costs, further alleviating the financial burden on relevant businesses. This multi-faceted combination of grants and subsidies ensures that developers from self-sustaining startups or other more mature organizations can access computational resources through Aethir's platform, advancing their project development without sacrificing growth due to budget constraints.
As a complement to the ecosystem initiative, Aethir is launching a new line of business through its Edge network to expand its infrastructure, support more complex AI workload demands, and enhance the scalability of enterprise-level social media platforms. As part of this expansion, the Aethir Foundation will allocate up to 100 ATH of computing devices daily for Edge, ensuring computational availability across the network from November 2024 to mid-2025.
Mark Rydon, co-founder and Chief Strategy Officer of Aethir, commented: "Aethir Catalyst represents our significant commitment to democratizing GPU computing resources for innovators in the AI and gaming sectors. By allocating $20 million from the Aethir Foundation's $100 million ecosystem fund to this program, we will ensure that the most promising companies have the necessary computational resources to grow, breaking down barriers to access."
The Aethir Ecosystem Fund is expected to have a broader impact on the tech industry, providing developers with the means to break technological boundaries and unlock new possibilities. By supporting a variety of companies in the AI and gaming fields, Aethir is driving innovation to create richer digital environments and more scalable, complex AI solutions.
We encourage developers, startups, and enterprises to apply for Aethir Catalyst grants and subsidies, which will provide them with the necessary resources to scale their operations and bring more groundbreaking projects to market.
To apply for Aethir Catalyst, please fill out this form, or visit aethir.com for more information.
About Aethir
Aethir is an industry-leading cloud computing infrastructure platform designed to revolutionize the traditional models of ownership, allocation, and use of enterprise-grade graphics processing units (GPUs). By discarding traditional centralized models, Aethir provides a scalable and competitive framework for sharing distributed computing resources to meet the needs of businesses and customers across various industries and regions.
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