Latest Aethir News

Arthur Hayes, the founder of BitMEX, has recently made headlines in the cryptocurrency world by acquiring a substantial amount of Aethir (ATH) tokens. He purchased 116.6 million ATH tokens, valued at approximately $7.62 million, at an average price of $0.065 each. This acquisition follows his earlier decision in September to liquidate his holdings in Pendle ($PENDLE), raising questions about his current investment strategy and market outlook for ATH. In a notable move, just an hour ago, Hayes transferred 41 million ATH tokens worth around $2.18 million. Of these, 36 million tokens were sent to the Bybit exchange, while 5 million were directed to OKX. This offloading indicates a strategic decision by Hayes to reduce his exposure to ATH, reportedly at a loss of $2.2 million. Despite this transfer, he still retains a significant holding of 75.6 million ATH tokens, valued at approximately $4.16 million, reflecting a loss of around $1.22 million based on the current market price of $0.054. Aethir operates as a decentralized real-time rendering network, aiming to enhance cloud infrastructure and improve content accessibility within the Metaverse. The token currently boasts a market capitalization of $210 million and is part of the Decentralized Physical Infrastructure Networks (DePIN) sector. As the ATH market continues to fluctuate, it remains uncertain whether Hayes will maintain his current holdings or make further adjustments in the future. Investors are advised to conduct thorough research before making any investment decisions in the volatile cryptocurrency landscape.

Filecoin's ecosystem is witnessing significant growth, with over 60 teams actively developing innovative solutions across various sectors, including decentralized storage, artificial intelligence (AI), Decentralized Physical Infrastructure Networks (DePIN), and Web3 infrastructure. This expansion is not only enhancing the capabilities of Filecoin but also contributing to the broader evolution of Web3. The diverse projects being undertaken aim to transform data storage and digital infrastructure, positioning Filecoin as a key player in the decentralized sector. A notable advancement in this ecosystem is the Filecoin Virtual Machine (FVM), which enhances the functionality of smart contracts and programmable storage. This new capability is particularly beneficial for the AI and DePIN industries, where the demand for scalable solutions is growing. By allowing developers to create distributed applications that seamlessly integrate with Filecoin’s storage features, FVM is pushing the boundaries of decentralized computing. Additionally, the recent Fast Finality (F3) upgrade has drastically reduced the finalization time from 7.5 hours to just a few minutes, significantly improving the network's efficiency and responsiveness. Moreover, Filecoin's collaboration with Aethir addresses the critical issue of GPU resource scarcity in Web3. This partnership is expected to enhance Filecoin’s GPU power, thereby improving data processing capabilities and distributed storage strength. As a result, Filecoin is likely to gain a competitive edge in the AI and Web3 ecosystems. Currently, Filecoin's native token, FIL, is trading at $3.69, reflecting a 5.03% increase over the past week, bringing its market cap closer to $2.2 billion. These developments indicate a promising future for Filecoin as it continues to innovate and expand its offerings in the decentralized landscape.

Decentralized Physical Infrastructure Networks (DePin) are making significant strides in the tech industry by facilitating decentralized projects that focus on real-world infrastructure. Recently, the DePin sector has seen notable developments, including the listing of the GRASS token on OKX's pre-market futures platform. This allows users to trade USDT-margined futures on the GRASS token, which is the native asset of the Grass project. The futures went live on October 14, 2024, enabling users to monetize unused bandwidth by selling it to vetted companies, thereby creating a fairer marketplace for proxy services. Additionally, the Grass Foundation is set to release a checker for its highly anticipated “Airdrop One” on October 21, 2024, marking it as potentially the most widely distributed airdrop in crypto history. In another significant move, Aethir, a decentralized GPU-as-a-service network, announced the launch of a $100 million Ecosystem Fund aimed at fostering AI and cloud gaming initiatives. A substantial portion of this fund will be directed towards the Aethir Catalyst program, which offers grants ranging from $5,000 to $200,000 to emerging developers. This initiative not only provides financial backing but also grants access to Aethir's extensive GPU resources, enabling developers to create decentralized cloud-based games and integrate AI solutions. Aethir's strategic investment in this area reflects its commitment to enhancing its presence in the rapidly growing cloud gaming and AI sectors. Analytics platform LunarCrush has also highlighted the top DePIN projects based on social media mentions, with Bittensor (TAO) leading the pack with 10,880 mentions, indicating a surge in community interest. MultiversX (EGLD) and ICP (Internet Computer Protocol) followed, showcasing their growing presence in the decentralized infrastructure space. While DePIN is still evolving and faces challenges, it plays a crucial role in bridging the gap between synthetic and real-world assets, thereby supporting traditional infrastructure in areas where conventional models fall short.

Aethir, a decentralized GPU cloud computing company, has announced the launch of the Aethir Catalyst, a significant $100 million investment fund aimed at fostering the growth of AI and gaming projects. This initiative is designed to support early-stage startups and established enterprises by providing financial backing and essential computing resources. The fund will specifically issue 336 million ATH tokens, Aethir's native utility token, to aid in the development of these innovative projects, ensuring that they have the necessary tools to scale their operations effectively. The Aethir Catalyst includes a dedicated $20 million grant program, which is part of the larger Ecosystem Fund. This program is tailored to meet the unique needs of each project, with grants awarded in ATH tokens. Aethir’s Chief Strategy Officer, Mark Rydon, emphasized the importance of this initiative, stating that it aims to eliminate barriers faced by developers in the AI and gaming sectors, particularly those related to high-performance computing. The expansive cloud network, powered by over 43,000 GPUs and 3,000 NVIDIA H100 GPUs, will be leveraged to provide critical compute resources for the supported projects. The initiative is expected to support over 100 projects, focusing on four key categories: gaming innovators, pre-launch projects, AI-integrated enterprises, and cloud gaming platforms. Each application will be evaluated based on factors such as innovation, growth potential, computing needs, and community impact. This comprehensive approach not only aims to stimulate the AI and gaming ecosystems but also positions Aethir as a leader in providing essential resources for the next generation of tech startups.

Aethir, a decentralized GPU cloud computing provider, has announced the launch of its $100 million Aethir Ecosystem Fund aimed at fostering innovation in artificial intelligence (AI) and gaming. This initiative includes the Aethir Catalyst program, which is designed to provide startups and enterprises with access to high-performance GPU resources. Over the next year, the fund plans to distribute 336 million ATH tokens, focusing equally on AI and gaming projects. Daniel Wang, CEO of Aethir, emphasized that this fund addresses the challenges faced by startups in accessing critical compute resources, stating, "By offering funding and access to critical compute resources, we are working to democratize this technology and enable companies to scale more effectively." The Aethir Catalyst program is a key component of the fund, allocating $20 million to support over 100 projects through grants and subsidies. Mark Rydon, co-founder and chief security officer at Aethir, highlighted the importance of this fund in reducing financial barriers for companies in the AI and gaming sectors. He noted that by allocating $20 million from the Aethir Foundation’s $100 million ecosystem fund, they are ensuring that promising companies have the necessary resources to thrive and that access to compute power is made easier for all. In addition to grants, the fund features a subsidy program that can cover up to 35% of off-platform GPU service costs, allowing companies to leverage high-performance computing without upfront expenses. Aethir is also collaborating with MetaGravity to enhance decentralized physical infrastructure networks (DePINs), which aims to improve the 3D internet and gaming industry. This partnership seeks to create a scalable infrastructure that simplifies gaming development, with the goal of uniting a global network of underutilized resources.

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Aethir partners with Return Entertainment to bring decentralized GPU cloud infrastructure to smart TV gaming, unlocking a new audience for the gaming industry. By offloading GPU-intensive workloads to the cloud, players can enjoy premium cloud gaming with just a stable internet connection. The move follows Return Entertainment's debut of Rivals Arena on Samsung TVs in the US, offering a QR code scanning gameplay experience. Aethir boasts the largest fleet of Nvidia H100 Tensor Core GPUs in the web3 industry, with a testnet for cloud gaming on Ethereum's Layer 2 network. Samsung deepens its web3 gaming partnerships, including Illuvium, allowing Web3 TV owners to view in-game NFTs on their television devices.

Aethir token (ATH) experiences a 35% surge after being listed on South Korea's top exchanges, Upbit and Bithumb. The token, known for its applications in AI and gaming, solidifies its presence in the market. With a strong market debut and trading incentives, Aethir aims for new highs amidst sector growth. Despite the revenue success and increased open interest, caution is advised as no DePin project has proven long-term viability yet. The surge in open interest and trading volume indicates a volatile market environment for Aethir.

A decentralized smartphone, APhone, has partnered with Aethir to introduce a new scaling solution that significantly reduces user costs while increasing capacity. The solution allows APhone to handle over 800,000 daily users at a fraction of the previous cost, thanks to Aethir's distributed GPU cloud computing network. Additionally, APhone will integrate Aethir Edge, an AI device that enhances the performance and security of Web3 applications. The partnership is expected to save APhone over $3.2 million quarterly and could propel the decentralized physical infrastructure (DePIN) industry, which is projected to reach a $3.5 trillion market by 2028.