KEY TAKEAWAYS
- Aethir and The Blockchain Center Abu Dhabi have partnered to advance Web3 enterprises, focusing on AI and gaming.
- The partnership includes a $100 million Ecosystem Fund to provide compute subsidies and token grants to eligible projects in the MENA region.
- Aethir will offer its decentralized cloud infrastructure to support AI and gaming companies with scalable GPU computing power.
- ADBC will assist in sourcing and onboarding startups, providing expertise in regulatory compliance and business strategy.
Aethir and The Blockchain Center Abu Dhabi (ADBC) have announced a strategic partnership aimed at advancing Web3 enterprises, particularly in the fields of AI and gaming. The collaboration was unveiled at Bitcoin MENA and is centered around Aethir’s $100 million Ecosystem Fund. This fund is designed to provide compute subsidies and token grants to eligible projects, with a focus on innovators in Abu Dhabi and the broader MENA region.
The partnership positions ADBC as the regional onboarding partner for Aethir’s AI and gaming ecosystem grants. ADBC’s expertise in the local Web3 sector will be instrumental in supporting this initiative. Aethir, known for its enterprise-grade GPU-as-a-service platform, offers a decentralized cloud infrastructure capable of supporting AI and gaming companies with scalable GPU computing power. This infrastructure includes over 43,000 GPUs and 3,000 NVIDIA H100s, catering to advanced AI workloads.
Eligibility and Support for MENA Region Innovators
The Aethir Ecosystem Grant Program will primarily target AI and gaming enterprises developing projects in the MENA region, with a particular emphasis on Abu Dhabi. Aethir will serve as the exclusive GPU computing provider for all eligible projects, offering compute grants, subsidies, and token grants from the $100 million fund. Four categories of companies are eligible for this program, which aims to foster innovation and growth in the region.
ADBC will play a crucial role in sourcing and onboarding startups into the Aethir ecosystem. This includes forming a committee to evaluate projects and offering expertise in regulatory compliance, business strategy, and market entry within the UAE. Additionally, ADBC will co-host events to enhance the visibility of grantee projects and facilitate networking opportunities.
Strategic Goals and Future Plans
Aethir’s role in the partnership involves providing compute subsidies and token grants to eligible applicants. All grant recipients must utilize Aethir’s cloud-computing infrastructure or partner with Aethir through allocations of their native tokens. Aethir retains control over grant allocations to ensure alignment with its Web3 vision and strategic goals.
The implementation plan, including the timeline and selection process for the grant program, will be announced at a later date. This partnership marks the beginning of a close collaboration between Aethir and ADBC, with potential for expansion into new technological areas.
For more information on the partnership and the grant program, visit the official announcement here.
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