BlockNews
FOLLOW ON X
  • CRYPTO
  • FINANCE
  • POLITICS
  • MEMECOINS
  • NFT
  • TECHNOLOGY
  • OPINION
No Result
View All Result
BlockNews
  • CRYPTO
  • FINANCE
  • POLITICS
  • MEMECOINS
  • NFT
  • TECHNOLOGY
  • OPINION
No Result
View All Result
BlockNews
Home CRYPTO

Fetch.AI Launches $100 Million Nvidia GPU Powerhouse for AI and FET Boost

by Sham
March 5, 2024
in CRYPTO
Reading Time: 3 mins read
A A
8
SHARES
136
VIEWS
Share on XShare in TelegramShare on Reddit
  • Fetch.AI is investing $100 million to expand its blockchain capabilities and launch Fetch Compute, providing developers with advanced GPUs for complex AI models.
  • Fetch.AI is introducing a new reward system for FET token holders starting March 7th – FET holders will accrue credits to cover GPU usage fees on Fetch’s network.
  • The rewards program aims to empower FET holders and developers to undertake resource-intensive decentralized AI projects on Fetch.AI’s blockchain.

Artificial intelligence platform Fetch.AI has unveiled a $100 million plan for expanding its blockchain capabilities and rewarding FET token holders. This investment demonstrates the network’s commitment to supporting developers and driving innovation.

ICYMI: FetchAI (@Fetch_ai) announced a $100 million investment to deploy Nvidia GPUs and reward $FET holders

— BlockNews.com (@blocknewsdotcom) March 5, 2024

The $100 Million Infrastructure Development Fund

Fetch.AI has secured $100 million in infrastructure development funding to launch Fetch Compute. This initiative will leverage advanced GPUs from Nvidia to establish a robust platform for developers to harness computing power. By addressing GPU scarcity, Fetch.AI aims to catalyze exploration of complex models and solutions on its blockchain.

The funding comes from the Fetch Ecosystem Fund. According to CEO Humayun Sheikh, “Fetch Compute is not just an infrastructure investment, it’s an investment in the future of AI and the ecosystem of innovative developers who are pushing the boundaries of what’s possible with our platform.”

Introducing Rewards for FET Holders

Alongside the launch of Fetch Compute, Fetch.AI is rolling out a new reward system for FET holders.

Starting March 7, FET holders will accrue Fetch Compute Credits that enable them to cover GPU usage fees. This grants access to the scarce computational resources of Fetch’s decentralized network. FET can also be used directly to pay for compute usage.

Per Sheikh, “By marrying substantial compute resources with our unique compute credit system, we’re ensuring that our community has the support and tools necessary to bring their visionary AI projects to life.”

This development marks a major step forward for creators undertaking resource-intensive decentralized AI projects on Fetch.AI’s blockchain. With the new rewards program, the network is empowering FET holders and developers to shape the future of AI innovation.

Tags: artificial intelligenceBlockchainFETFetch.AIHumayun Sheikh
Tweet2ShareShare
Previous Post

Crypto Liquidations Surge As Bitcoin Dumps From New All Time High

Next Post

Stiff Competition Rocks Apple: iPhone Sales Plummet in China

DON'T MISS THESE! HOT OFF THE PRESS

Pi Coin in July 2025: Rebound Brewing or Another Breakdown?
CRYPTO

Pi Coin in July 2025: Rebound Brewing or Another Breakdown?

July 1, 2025
VeChain Struggles to Regain Steam After December Peak
CRYPTO

VeChain Struggles to Regain Steam After December Peak

July 1, 2025
Shiba Inu’s Golden Cross Sparks $110M Whale Surge as Pippen Joins the Party
CRYPTO

Shiba Inu’s Golden Cross Sparks $110M Whale Surge as Pippen Joins the Party

July 1, 2025
Toncoin and Telegram: The Sleeping Giant of 2025?
BITCOIN

Toncoin and Telegram: The Sleeping Giant of 2025?

July 1, 2025
Crypto Supply Shock: Bitwise Predicts Bullish Runs for BTC, But Shows Doubt With ETH and SOL
BITCOIN

Crypto Supply Shock: Bitwise Predicts Bullish Runs for BTC, But Shows Doubt With ETH and SOL

July 1, 2025
SEC Plans Shortcut for Crypto ETFs With New Listing Rules
CRYPTO

SEC Plans Shortcut for Crypto ETFs With New Listing Rules

July 1, 2025
Load More

Related News

Pi Coin in July 2025: Rebound Brewing or Another Breakdown?

Pi Coin in July 2025: Rebound Brewing or Another Breakdown?

July 1, 2025
VeChain Struggles to Regain Steam After December Peak

VeChain Struggles to Regain Steam After December Peak

July 1, 2025
Shiba Inu’s Golden Cross Sparks $110M Whale Surge as Pippen Joins the Party

Shiba Inu’s Golden Cross Sparks $110M Whale Surge as Pippen Joins the Party

July 1, 2025
Toncoin and Telegram: The Sleeping Giant of 2025?

Toncoin and Telegram: The Sleeping Giant of 2025?

July 1, 2025
Crypto Supply Shock: Bitwise Predicts Bullish Runs for BTC, But Shows Doubt With ETH and SOL

Crypto Supply Shock: Bitwise Predicts Bullish Runs for BTC, But Shows Doubt With ETH and SOL

July 1, 2025
Twitter Telegram Threads

BLOCKNEWS.COM

BlockNews

BlockNews.com is your premier source for real-time cryptocurrency, blockchain, and financial market news.

Our mission is to deliver accurate, timely, and insightful information to help both seasoned investors and newcomers navigate the evolving digital economy.

With in-depth analysis, exclusive insights, and up-to-date news, BlockNews.com keeps you informed on the latest trends in crypto, DeFi, NFTs, tech, and beyond.

Stay ahead of the herd with BlockNews.com

RESOURCES

  • About
  • Contact Us
  • Terms and Conditions
  • Privacy Policy

POPULAR TOPICS

$ADA $XRP AI Avalanche Binance Bitcoin Bitcoin ETF blackrock Blockchain BTC Business Cardano Chainlink China Coinbase Coinglass crypto cryptocurrency Crypto Exchange Crypto Regulation DeFi Dogecoin Donald Trump Elon Musk ETF eth ethereum Federal Reserve FTX grayscale Memecoin metaverse Microstrategy NFT NFTs PEPE ripple sec Shiba Inu Solana Stablecoin Technology US Web3 xrp

GET QUICKER UPDATES ON X

© 2022-2025 BlockNews.com - Crypto and NFT news website by Aiur Labs.

No Result
View All Result
  • HOME
  • CRYPTO
  • MEMECOINS
  • TECHNOLOGY
  • POLITICS
  • FINANCE
  • NFT
  • DEFI
  • GUIDES

© 2022-2025 BlockNews.com - Crypto and NFT news website by Aiur Labs.