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Aethir launches $100M fund to boost Web3 innovation in MENA

Aethir launches $100M fund to boost Web3 innovation in MENA

Grafa2024/12/16 09:10
By: Mahathir Bayena
ATH-1.78%AIOLD0.00%

Aethir (CRYPTO:ATH) has teamed up with the Blockchain Center Abu Dhabi (ADBC) to support Web3 innovation in the MENA region.

The collaboration centers on advancing AI and gaming projects through Aethir's $100 million Ecosystem Fund.

The fund includes subsidies for graphics processing units (GPUs) and token grants aimed at eligible ventures.

Aethir's decentralized GPU cloud infrastructure offers high-performance computing solutions for developers.

Meanwhile, ADBC will assist with project onboarding, leveraging its regulatory and market expertise.

This partnership seeks to foster global Web3 innovation with a focus on AI and gaming applications.

“Aethir and ADBC are working together to create a more inclusive and innovative ecosystem,” a statement said.

The Ecosystem Fund aims to encourage the development of AI-driven solutions and next-generation gaming experiences.

By offering GPU subsidies and token grants, Aethir aims to lower the financial barriers for developers and startups.

This initiative aligns with Aethir's mission to expand Web3 capabilities across the MENA region, particularly in the fields of AI and gaming.

The collaboration is expected to streamline regulatory and market access for projects, facilitating a smoother path to success.

Aethir's infrastructure, which includes a decentralized GPU cloud, is designed to provide scalable and efficient computing power for blockchain-based projects.

At the time of reporting, the Aethir price was $0.08019.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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