Decentralized public infrastructure network (DePIN) Aethir has launched its cloud network on the Ethereum mainnet. DePINs are blockchain-based protocols used for creating and operating the physical hardware infrastructure of the network in a decentralized way. Aethir’s cloud computing infrastructure platform allows data centers, other cloud providers, and crypto mining firms to contribute idle graphics processing unit (GPU) resources to its network. The firm has a customer base including AI companies and gaming studios, and operates in Southeast Asia, Latin America, and North America.
Read more: Why is DePIN Important? Looking at the Aethir Network
Aethir’s Valuation Surpasses $150 Million
In 2023, Aethir successfully concluded its pre-funding round, securing $9 million in capital, significantly boosting its valuation to $150 million. This achievement underscores the company’s growing stature and confidence among investors. Notable investors in this round include Framework Ventures, Merit Circle, Hashkey, and Animoca Brands. This round of funding solidifies Aethir’s position in the market and paves the way for its expansion and innovation in the blockchain space.
Aethir Launches New Staking Program
Source: Aethir
Aethir stated it also has a new staking program allowing users to participate in growing its distributed GPU network. Staking is a way of earning rewards for holding certain crypto tokens. The network said from today Aethir will allow anyone to participate in two inaugural staking pools: ATH Gaming and ATH AI. ATH holders can simultaneously use both pools 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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Conclusion
Aethir is making significant strides in the blockchain and cloud computing sectors. By launching its cloud network on the Ethereum mainnet, Aethir is enabling decentralized infrastructure, allowing various entities to contribute GPU resources. The recent $9 million funding round, raising its valuation to $150 million, highlights investor confidence and supports its expansion. The introduction of the new staking program further incentivizes users, enabling them to earn rewards across gaming and AI sectors. With a strong customer base and strategic partnerships, Aethir is well-positioned for growth and innovation in the decentralized infrastructure space.
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