Fetch.AI invests $100 million in AI blockchain tech, introduces rewards for token holders

Fetch.AI, an artificial intelligence-related blockchain network, has unveiled plans to deploy cutting-edge graphics processing units (GPUs) and present rewards for FET holders pursuing a caller $100 cardinal infrastructure investment, according to a Mar. 5 connection shared with CryptoSlate.

$100 cardinal infrastructure improvement fund

The AI level revealed it secured $100 cardinal successful infrastructure improvement backing to motorboat Fetch Compute.

Fetch Compute volition leverage Nvidia’s H200, H100, and A100 GPUs, establishing a robust level for developers and users to harness computing powerfulness effectively. This inaugural aims to catalyze innovation wrong the blockchain network’s ecosystem by facilitating the exploration of intricate models and solutions.

Funding for this strategical deployment originates from the Fetch Ecosystem Fund and demonstrates the network’s proactive attack to addressing GPU scarcity and empowering developers.

Humayun Sheikh, the CEO of Fetch.ai, said:

“Fetch Compute is not conscionable an infrastructure concern ; it’s an concern successful the aboriginal of AI and the ecosystem of innovative developers who are pushing the boundaries of what’s imaginable with our platform.”

Rewarding FET holders

Fetch.ai is acceptable to rotation retired a caller reward strategy alongside the motorboat of Fetch Compute, aiming to payment FET holders.

Starting Mar. 7, FET holders volition person the accidental to accrue Fetch Compute Credits. These credits alteration them to screen GPU usage fees, granting entree to the scarce computational resources of the decentralized Fetch compute network. Moreover, FET tin besides beryllium utilized to wage for Compute usage.

The project’s squad stated that this improvement marks a important stride for creators engaging successful resource-intensive decentralized AI ventures. Sheikh added:

“By marrying important compute resources with our unsocial compute recognition system, we’re ensuring that our assemblage has the enactment and tools indispensable to bring their visionary AI projects to life.”

FET is the fourth-largest AI-related token, arsenic per CryptoSlate’s data. Over the past month, its worth surged by implicit 240% amid reports of fiscal troubles. However, the task vehemently refutes specified claims.

The station Fetch.AI invests $100 cardinal successful AI blockchain tech, introduces rewards for token holders appeared archetypal connected CryptoSlate.