Fetch.AI Announces GPU Rewards for Token Holders After $100M Infrastructure Investment

Fetch.AI, an artificial intelligence related network, has unveiled plans to deploy cutting-edge graphics processing units (GPUs) and introduce rewards for FET holders following a recent $100 million infrastructure investment, according to a Mar. 5 statement shared with CryptoSlate.

The AI platform revealed it secured $100 million in infrastructure development funding to launch Fetch Compute. Fetch Compute will leverage Nvidia’s H200, H100, and A100 GPUs, establishing a robust platform for developers and users to harness computing power effectively. This initiative aims to catalyze innovation within the blockchain network’s ecosystem by facilitating the exploration of intricate models and solutions.

Funding for this strategic deployment originates from the Fetch Ecosystem Fund and demonstrates the network’s proactive approach to addressing GPU scarcity and empowering developers. Fetch.ai is set to roll out a new reward system alongside the launch of Fetch Compute, aiming to benefit FET holders. Starting Mar. 7, FET holders will have the opportunity to accrue Fetch Compute Credits.

These credits enable them to cover GPU usage fees, granting access to the scarce computational resources of the decentralized Fetch compute network. Moreover, FET can also be used to pay for Compute usage. The project’s team stated that this development marks a significant stride for creators engaging in resource-intensive decentralized AI ventures.

Sheikh added: “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.”