Aethir Introduces Ethereum Mainnet Distributed Cloud Network

Aethir Unveils Distributed Cloud Network on Ethereum Mainnet


By Tanzeel Akhtar
June 12, 2024 06:25 EDT
| 1 min read


The decentralized public infrastructure network (DePIN) Aethir has rolled out its cloud network on the Ethereum mainnet.
DePINs are blockchain-based protocols used to create and manage the physical hardware infrastructure of the network in a decentralized manner.
Aethir’s cloud computing infrastructure platform enables data centers, other cloud providers, and crypto mining companies to contribute their idle graphics processing unit (GPU) resources to its network.
The company serves a customer base that includes AI companies and gaming studios, and it operates in Southeast Asia, Latin America, and North America.
Mark Rydon, CCO at Aethir, stated in a press release, “By providing a scalable framework for redistributing idle compute resources, we can empower more innovation in the rapidly evolving domains of AI, [artificial intelligence] ML, [machine learning] and cloud gaming.”
Rydon added, “Now on mainnet, high-quality enterprises can contribute to the Aethir network and increase access to the current supply of GPUs.”
Aethir Reaches $150 Million Valuation
In 2023, Aethir completed its pre-funding round, raising $9 million and reaching a company valuation of $150 million. Investors in the round include Framework Ventures, Merit Circle, Hashkey, and Animoca Brands.
Aethir’s New Staking Program
Aethir also announced a new staking program that allows users to participate in the growth of its distributed GPU network. Staking is a method of earning rewards for holding specific crypto tokens.
The network stated that starting today, Aethir will allow anyone to participate in two inaugural staking pools: ATH Gaming and ATH AI.
“When staking in ATH Gaming, stakers will also earn rewards in the native crypto tokens of Aethir’s gaming partners, while using the ATH AI pool carries additional rewards from Aethir’s AI partners,” the network explained.
ATH holders can use both pools simultaneously and divide their staked ATH to earn additional rewards from both gaming and AI partners, including IO.net, KIP Protocol, CARV, Crush Protocol, Deverse World, Rivalz Network, and others.
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