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

PEPE’s Making Noise, But Is RTX the Sleeper Hit of 2025?
CRYPTO

PEPE’s Making Noise, But Is RTX the Sleeper Hit of 2025?

July 18, 2025
Is Polkadot Dead or Just Getting Started? Here is the Shocking Truth
CRYPTO

Is Polkadot Dead or Just Getting Started? Here is the Shocking Truth

July 18, 2025
President Trump Says Crypto is Good for the Dollar, Claiming Genius Act Will Ensure America’s Dominance
CRYPTO

President Trump Says Crypto is Good for the Dollar, Claiming Genius Act Will Ensure America’s Dominance

July 18, 2025
President Trump Officially Signs Genius Act Into Law: Here is Why This is Game Changing
CRYPTO

President Trump Officially Signs Genius Act Into Law: Here is Why This is Game Changing

July 18, 2025
Trump Signs Genius Act Stablecoin Act, Says They Named the Bill After Himself
CRYPTO

Trump Signs Genius Act Stablecoin Act, Says They Named the Bill After Himself

July 18, 2025
Clarity Act Passes House: Cardano Eyes Commodity Status as New Crypto Rules Take Shape
CARDANO

Clarity Act Passes House: Cardano Eyes Commodity Status as New Crypto Rules Take Shape

July 18, 2025
Load More

Related News

PEPE’s Making Noise, But Is RTX the Sleeper Hit of 2025?

PEPE’s Making Noise, But Is RTX the Sleeper Hit of 2025?

July 18, 2025
Is Polkadot Dead or Just Getting Started? Here is the Shocking Truth

Is Polkadot Dead or Just Getting Started? Here is the Shocking Truth

July 18, 2025
President Trump Says Crypto is Good for the Dollar, Claiming Genius Act Will Ensure America’s Dominance

President Trump Says Crypto is Good for the Dollar, Claiming Genius Act Will Ensure America’s Dominance

July 18, 2025
President Trump Officially Signs Genius Act Into Law: Here is Why This is Game Changing

President Trump Officially Signs Genius Act Into Law: Here is Why This is Game Changing

July 18, 2025
Trump Signs Genius Act Stablecoin Act, Says They Named the Bill After Himself

Trump Signs Genius Act Stablecoin Act, Says They Named the Bill After Himself

July 18, 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 US Web3 X 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.