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Cryptocurrency News Articles

Aethir Partners with EigenLayer Amid Network Expansion

Jan 15, 2025 at 10:00 pm

Aethir, the DePin “GPU-as-a-Service” firm, has announced a collaboration with EigenLayer, a blockchain platform that introduces restaking solutions.

Aethir Partners with EigenLayer Amid Network Expansion

Decentralized cloud computing platform Aethir has announced a new collaboration with EigenLayer, a blockchain platform that introduces restaking solutions.

This integration will help change decentralized cloud computing by boosting scalability and simplifying the onboarding process for non-Web3 native GPU providers.

Aethir Partners with EigenLayer Amid Network Expansion

According to a press release shared with BeInCrypto, Aethir’s integration with EigenLayer’s Actively Validated Services (AVS) model will allow the platform to expand its decentralized network further.

This partnership also presents an opportunity for members of the Aethir community to participate in staking through EigenLayer’s solution. Retail stakers can delegate ATH tokens to validators within the EigenLayer ecosystem.

This move opens up new revenue streams for token holders. The partnership also supports the onboarding of new GPU compute providers, especially those limited by cryptocurrency regulations.

“This integration with EigenLayer represents a key milestone in Aethir’s journey to herald the next frontier in decentralized cloud computing. By harnessing EigenLayer’s restaking architecture, we're not only augmenting the staking avenues for our community but also unlocking new growth opportunities for compute providers and enterprises,” said Daniel Wang, CEO of Aethir.

Aethir’s financial performance over the last year highlights its growth trajectory. The company has deployed more than 397,000 GPU containers across 93 locations worldwide.

These include over 3,000 powerful NVIDIA H100 units and more than 59,000 Aethir Edge devices. Aethir also recorded an annualized revenue of over $91 million, based on the last five months, through its on-chain protocol.

Aethir’s New Horizons program is another key part of the company’s strategy to expand its network by attracting high-quality cloud hosts. The program offers compute providers joining the platform annual percentage rates (APRs) of 200%–400%.

In addition, Aethir’s $100 million Ecosystem Fund continues to drive the adoption of its compute platform. The fund supports the development of AI and gaming applications, providing them with access to Aethir’s powerful GPU network at competitive prices.

Aethir has also launched all four batches of its AI Agents program, which is designed to accelerate the adoption of its compute platform.

Furthermore, Aethir has recently undertaken several AI development partnerships, including cloud-focused projects in October and blockchain gaming research collaborations in November.

In December, Aethir announced a partnership with Beam and MetaStreet to launch a $40 million AI compute initiative, which the group has dubbed TACOM and aims to create a framework for GPU allocation based on crypto.

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Other articles published on Jan 31, 2025