The Aethir network, known as Decentralized Public Infrastructure Network (DePIN), has initiated its cloud network on the Ethereum mainnet.
DePINs represent blockchain-based protocols utilized for establishing and managing the physical hardware infrastructure of the network in a decentralized manner.
Aethir’s cloud computing infrastructure platform permits data centers, cloud providers, and even cryptocurrency mining companies to allocate their unused graphics processing unit (GPU) resources to its network.
With a clientele spanning AI firms and gaming studios, Aethir operates across Southeast Asia, Latin America, and North America.
Mark Rydon, Aethir’s Chief Commercial Officer, stated in a press release, “By furnishing a scalable framework for reallocating idle compute resources, we can foster greater innovation in the swiftly evolving domains of AI, ML, and cloud gaming.”
He further remarked, “Now live on the mainnet, reputable enterprises can contribute to the Aethir network and enhance accessibility to the existing GPU supply.”
Aethir Reaches $150 Million Valuation
During 2023, Aethir concluded its pre-funding round, securing $9 million in investments and reaching a company valuation of $150 million. Notable investors in this round encompassed Framework Ventures, Merit Circle, Hashkey, and Animoca Brands.
Aethir’s New Staking Program
Aethir announced the launch of a new staking program aimed at engaging users in the expansion of its distributed GPU network. Staking involves earning rewards for holding specific crypto tokens.
Starting today, Aethir allows anyone to participate in two initial staking pools: ATH Gaming and ATH AI.
“When staking in ATH Gaming, participants will also receive rewards in the native crypto tokens of Aethir’s gaming partners, while utilizing the ATH AI pool offers additional rewards from Aethir’s AI collaborators,” the network explained.
ATH token holders have the option to concurrently utilize both pools, allocating their staked ATH to earn extra rewards from gaming and AI partners, including IO.net, KIP Protocol, CARV, Crush Protocol, Deverse World, Rivalz Network, and others.
