Fetch.AI, a synthetic intelligence-related blockchain community, has unveiled plans to deploy cutting-edge graphics processing models (GPUs) and introduce rewards for FET holders following a current $100 million infrastructure funding, in keeping with a Mar. 5 assertion shared with CryptoSlate.
$100 million infrastructure growth fund
The AI platform revealed it secured $100 million in infrastructure growth funding to launch Fetch Compute.
Fetch Compute will leverage Nvidia’s H200, H100, and A100 GPUs, establishing a strong platform for builders and customers to harness computing energy successfully. This initiative goals to catalyze innovation inside the blockchain community’s ecosystem by facilitating the exploration of intricate fashions and options.
Funding for this strategic deployment originates from the Fetch Ecosystem Fund and demonstrates the community’s proactive strategy to addressing GPU shortage and empowering builders.
Humayun Sheikh, the CEO of Fetch.ai, stated:
“Fetch Compute isn’t just an infrastructure funding ; it’s an funding in the way forward for AI and the ecosystem of revolutionary builders who’re pushing the boundaries of what’s attainable with our platform.”
Rewarding FET holders
Fetch.ai is about to roll out a brand new reward system alongside the launch of Fetch Compute, aiming to learn FET holders.
Beginning Mar. 7, FET holders can have the chance to accrue Fetch Compute Credit. These credit allow them to cowl GPU utilization charges, granting entry to the scarce computational sources of the decentralized Fetch compute community. Furthermore, FET can be used to pay for Compute utilization.
The mission’s staff acknowledged that this growth marks a major stride for creators participating in resource-intensive decentralized AI ventures. Sheikh added:
“By marrying substantial compute sources with our distinctive compute credit score system, we’re making certain that our neighborhood has the assist and instruments essential to deliver their visionary AI initiatives to life.”
FET is the fourth-largest AI-related token, as per CryptoSlate’s knowledge. Over the previous month, its worth surged by over 240% amid stories of monetary troubles. Nonetheless, the mission vehemently refutes such claims.
