Fetch.ai’s $100M Investment Sets Stage for GPU Rewards Program for Tokenholders
On-chain AI project Fetch.ai has announced the launch of Fetch Compute following a $100 million investment in the project’s infrastructure.
Fetch Compute is a suite of tools and training capabilities for developers and users working with AI. It bills itself as a project “designed to supercharge participant’s ability to create advanced applications to deepen the foundations of the AI economy.”
The platform deploys Nvidia H200, H100 and A100 GPUs for its generating power, providing the means for developers to build more complex models within the Fetch.ai ecosystem.
Financing for the project came from the Fetch Ecosystem Fund.
Additionally, the company is launching a rewards program with the project. From 7 March 2024, users can stake Fetch.ai’s native coin $FET coin to earn Fetch Compute Credits, which they can use to pay for GPU on the Fetch Compute network.
From 7 March 2024, users staking the native coin $FET will earn Fetch Compute Credits which they can then use to pay for GPU utilization, allowing them to access these scarce resources on the decentralized Fetch compute network
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