Details: Aethir’s $100M Ecosystem Fund and Partnership with The Blockchain Center Abu Dhabi
The market size value of Web3 in 2024 as per a report by Grand View Research is $3.03 billion. The revenue is forecasted to reach approximately $33.53 billion by 2030 with a CAGR of 49.3% between 2024 and 2030. Leading this chart is a key aspect of innovation. Aethir is committed to making significant contributions to it.
The architect of scalable decentralized cloud infrastructure for gaming and Artificial Intelligence, or AI, announced a partnership with The Blockchain Center Abu Dhabi at Bitcoin MENA. Both of them will build on their dedication to supporting cutting-edge Web3 enterprises. Aethir and ADBC, an acronym for The Blockchain Center Abu Dhabi, bring their respective capabilities to the table.
More on that in a while - first, it is important to understand details about the Ecosystem Fund worth $100 million.
The $100 million Ecosystem Fund by Aethir is a crucial part of supporting Web3 innovation. It consists of computing subsidies and token grants that will be provided by Aethir. Moreover, it includes a seamless onboarding process of projects by ADBC which will also undertake co-hosting or sponsoring events where innovators can connect.
Aethir’s Ecosystem Fund will be provided to projects only after they meet all the criteria. These differ based on the categories they apply for; however, two constant requirements are that the projects must belong to the MENA region and they must have foundational work to boost the gaming & AI segment within the confinements of Web3.
Four categories drafted for the $100M Ecosystem Fund are Gaming Innovators, AI-Integrated Enterprises & Startups, Cloud Gaming Platforms, and Pre-Launch Companies.
Gaming Innovators
As the name suggests, Gaming Innovators as a category aims to select projects that leverage blockchain technology for a breathtaking gaming experience. They must have innovative gameplay mechanics that push the boundaries of Web3 gaming. Projects will be selected based on the size of the active user base on-chain and a high APRU.
AI-Integrated Enterprises & Startups
An enterprise or a startup must be utilizing AI agents or working on high-level computing for AI workloads. Selected projects will receive computing subsidies from Aethir and integration support from the advisory services of ADBC.
Cloud Gaming Platforms
A cloud gaming platform that is looking to lead the segment will be selected if it has significant user engagement. While there is no specific representation for significant, it is safe to assume that the level of engagement must be sufficient to leave a lasting impact on the industry, or it should be sufficient to set a trend. ADBC will offer marketing support and Aethir will offer its decentralized GPU cloud support.
Pre-Launch Companies
The only condition in this category is that the company must be in stealth mode. Support that pre-launch companies receive will be in the form of strategic token grants and advisory services. This will help them take forward their milestones like beta launches and airdrops, to mention a few.
Now about what Aethir and ADBC bring to the table in this partnership.
The role of Aethir is to offer compute subsidies and token grants to those applicants who have been selected. Aethir will allocate its native tokens, ATH, provided applicants use the cloud computing infrastructure of Aethir or partner with the company.
ADBC will take a formal approach to onboarding participants. It plans to set up a committee to source and onboard start-ups into the ecosystem. Once onboarded, participants will be offered expertise in multiple departments like regulatory compliance, market entry, and business strategy. These are on top of co-hosting or sponsoring events for innovative Web3 projects.
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A mention of ATH in the official announcement has pulled up the price of the token by 34.23% in the last 30 days. While ATH is down by 1.23% in the last 7 days, the token has managed to reverse that with a gain of 5.26% in the last 24 hours. Aethir’s token is exchanging hands at $0.08103 while the article is being drafted.
As for the $100M Ecosystem Fund by Aethir in partnership with ADBC, more information about its implementation, selection process, and post-grant support is expected to be made public on the official communication channels of Aethir. It is certain to uplift Web3 AI and gaming innovation across the globe.
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