Fetch.ai's $100M Investment Sets Stage for GPU Rewards Program for Tokenholders
Obtain.ai’s $100M Funding Units Stage for GPU Rewards Program for Tokenholders
On-chain AI undertaking Obtain.ai has presented the inaugurate of Obtain Compute following a $100 million investment within the undertaking’s infrastructure.
Obtain Compute is a assortment of tools and practising capabilities for builders and users working with AI. It funds itself as a undertaking “designed to supercharge participant’s ability to offer developed applications to deepen the foundations of the AI economic system.”
The platform deploys Nvidia H200, H100 and A100 GPUs for its generating vitality, offering the potential for builders to assemble more complex items within the Obtain.ai ecosystem.
Financing for the undertaking came from the Obtain Ecosystem Fund.
Furthermore, the firm is launching a rewards program with the undertaking. From 7 March 2024, users can stake Obtain.ai’s native coin $FET coin to manufacture Obtain Compute Credits, which they might be able to exercise to pay for GPU on the Obtain Compute community.
From 7 March 2024, users staking the native coin $FET will manufacture Obtain Compute Credits which they might be able to then exercise to pay for GPU utilization, permitting them to acquire entry to those scarce resources on the decentralized Obtain compute community 🔥$FET might well additionally be worn to pay for compute usage.
— Obtain.ai (@Fetch_ai) March 5, 2024
Obtain currently contains the quest-basically basically based mostly AI DeltaV platform, which uses Language Models (LLMs) and AI Brokers to to connect users with the computing companies they want.
In the accompanying press release, Obtain.ai CEO Humayun Sheikh stated: “By marrying gigantic compute resources with our uncommon compute credit system, we’re guaranteeing that our neighborhood has the pork up and tools basic to bring their visionary AI initiatives to existence.”
Beyond Obtain Compute: Crypto And AI
In accordance to records by CoinGecko, $FET is the third ideal AI token with a market capitalization of $2.3 billion. It also rallied more difficult than most top AI coins this final seven days: $FET grew 75% to alternate at $2.22, making its seven-day beneficial properties on par with top meme tokens.
AI tokens esteem $FET will small doubt play an even bigger role in Web3, a proposed subsequent paradigm of the obtain the build blockchain technology, virtual reality, cloud computing and AI will all be an integral share of a particular person’s interaction with the obtain.
Blockchains rose to prominence largely because they offer decentralization. Decentralization enables more democratized withhold a watch on over protocols and their resources. In the arriving years, AI tokens will attach sizable quantities of computing and intelligence resources within the hands of builders who might well otherwise be dinky by their hardware or funding capabilities.
At the conclude of final month, well-liked crypto platform Bitget presented that AI tokens had been driving double-digit percentage beneficial properties. The market capitalization of AI coins expanded from $7 billion to $17 billion from the starting of the month to February 21, constant with Bitget’s weblog post.
Source : cryptonews.com
