Decentralized GPU network platform Aethir brings in $36 million in first-year revenue | Headlines | News | CoinMarketCap

07/16/2024 18:20
Decentralized GPU network platform Aethir brings in $36 million in first-year revenue | Headlines | News | CoinMarketCap

The decentralized GPU network platform Aethir reports that it brought in $36 million in revenue in the past year.  Aethir pointed to artificial …

The decentralized GPU network platform Aethir reports that it brought in $36 million in revenue in the past year. 

Aethir pointed to artificial intelligence and gaming for its 10% month-over-month revenue growth for its platform-as-a-service offering, according to a release shared with The Block.

Moving forward, Aethir is preparing the mainnet launch of the Aether Network Protocol around the fourth quarter of this year. In addition, the firm is building infrastructure that lets users purchase computing power using its utility token ATH, which is slated to be ready by June 25.

"GPUs have become the backbone of modern computing, but not everyone can access it," Aethir Co-Founder and Head of Strategy Mark Rydon told The Block. "This limits innovation and creates systems of bias that …

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