Decentralized cloud infrastructure provider Aethir has reported $36 million in revenue over the past year, which translated into 10% month-on-month growth. Demand for AI, cloud gaming and edge computing power is driving the growth of the decentralized graphics processing unit (GPU) network.
Aethir claims to be the world’s only enterprise-grade GPU-as-a-service decentralized physical infrastructure network (DePIN). It offers GPU computing services that are highly scalable and up to 60% less expensive than competitors such as Amazon Web Services by providing distributed infrastructure that harnesses existing GPUs with idle capacity.
Aethir uses tier 3 and tier 4 data centers, which are the top two tiers, to source its GPU capacity. Data centers of that type are expected to have an uptime of 99.982%, an Aethir spokesperson told Cointelegraph. Aethir co-founder and head of strategy Mark Rydon said in a statement:
“This new milestone indicates the market’s need for more accessible computing resources and the ability for a decentralized, collective resource pool to deliver a more robust, flexible, and accessible infrastructure for GPU-intensive tasks.”
Aethir GPU power is behind a multitude of projects
TensorOpera AI used Aethir’s decentralized GPU power to train a 750-million-parameter AI model for 30 consecutive days, and Aethir has been integrated into game development and publishing platforms like Sequence, MetaGravity and GameSwift.
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The Aethir network the APhone, an app on the Solana chain that provides upgraded functionality to outdated smartphones by accessing newer services onchain for $20 a year. The platform-agnostic APhone is formatted like an Android and offers Web3 and Web2 apps like WhatsApp, Instagram and ChatGPT in its app store.
Aethir is scaling up onchain
Aethir’s testnet hosted 500,000 users and counted Nvidia, Super Micro, HPE and Foxconn among its supporters in a $146-million node sale. It launched its network on the Ethereum mainnet on June 12.
Its native ATH coin uses Ethereum for staking and Ethereum layer-2 Arbitrum for provider payments and community rewards. ATH can be staked on the entertainment-oriented Sophon ZK chain. There is a total supply of 42 billion ATH. Each token was valued at $0.0755 at the time of writing.
Now, Aethir is preparing for the mainnet launch of the Aethir Network Protocol, which will integrate all of its software with the Ethereum and Arbitrum contracts.
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