Aethir announces crypto support for the Filecoin network

Aethir, a well-known GPU-as-a-services project for decentralized cloud computing, has just announced support for storage services for the crypto network Filecoin.

In this way, Aethir will improve some advanced features of its architecture thanks to the partnership with the historic blockchain.

The main focus is on data management and processing as well as on the security of artificial intelligence models.

Together Aethire and Filecoin are creating fertile ground for the mainstream expansion of the DePin landscape towards new, still unexplored destinations.

Let’s see all the details below.

Crypto and GPU: Aethir integrates support for the Filecoin blockchain

Aethir, a well-known provider of GPU-as-a-services, has announced that it has added support for the crypto network Filecoin, expanding its connections in the blockchain world.

The cloud computing project, which boasts a force of 43,000 high-level GPUs with over 3,000 NVIDIA H100, publicly revealed the news during the FIL event in Singapore.

In an orderly keynote, Aethire co-founder Mark Rydon emphasized how the collaboration with Filecoin helps meet the growing demand for computational resources for individuals and businesses.

More and more entities indeed require the presence of decentralized support infrastructures, particularly in the AI, web3, and machine learning sectors.

In such a context, it is necessary for providers of computational power to improve their scalability and become more reliable over time.

More specifically, the integration of the historic crypto network perfects the GPU leasing functions improving data processing and storage.

Filecoin, which is a blockchain known for its advanced capabilities of “information storage” plays a crucial role in these processes, ensuring high performance.

Its presence within the Aethir ecosystem allows for the removal of some entry barriers in the cloud computing world, supporting existing storage providers.

The cryptographic network is thus added to those already present of Ethereum and Arbitrum, which make up the scalable on-chain space of Aethir.

The recently announced initiative also includes an integration with Lighthouse, a crypto storage platform based on Filecoin.

In practice Aethir plans to upload data based on artificial intelligence and decentralized nodes within the Filecoin network, via Lighthouse. In this way, by archiving some critical data sets on Filecoin, it is possible to ensure transparency, accountability, and solid audit trails for the governance of the artificial intelligence model.

A partnership that marks the future of the AI and DePin worlds

The commitment with the Filecoin crypto network underscores the need for Aethir for a resilient and scalable infrastructure capable of meeting the demanding requirements of companies in the GPU field.

In a long-term perspective, the progetto di cloud computing aims to improve its data management capabilities with minimized costs.

The growing demand for computational power in the IT sector will indeed push GPU providers to offer services that are increasingly affordable and accessible to the masses.

Not only that, the competition with traditional cloud networks, could require an additional effort in an attempt to gain market share.

The final vision of Aethir is to promote a completely decentralized ecosystem capable of embracing the revolutionary fusion of AI technologies and DePin.

 This work strengthens a future driven by artificial intelligence by providing cutting-edge processing and storage solutions.

Filecoin e Aethir are cultivating a community-driven ecosystem where developers, content creators, and users benefit from shared resources.

Both offer a crucial contribution to the realization of this open source crypto hub accessible by everyone.

The first represents the backbone of storage for decentralized archiving, while the second provides the computing power necessary for data processing.

Together, they create a decentralized full-stack solution, which will be vital for the development of the next transparent AI systems not controlled by a single entity.

Speaking about the partnership with Filecoin, the CSO and co-founder of Aethir Mark Rydon expressed his utmost enthusiasm in a recent note published:

“As the demand for decentralized infrastructure grows, Aethir’s collaboration with Filecoin Foundation represents a significant step towards creating a more robust and efficient DePIN ecosystem. Our GPU leasing model provides Filecoin storage providers with scalable processing solutions, directly addressing the ongoing GPU scarcity challenges faced by the artificial intelligence, machine learning, and Web3 sectors.”

Analysis of the TVL of the Filecoin network and graphical analysis of the FIL crypto

After the latest collaboration with the GPU supplier Aethir, the crypto network Filecoin has a new opportunity to increase in popularity and bring new capital into it

Since the beginning of the year, the TVL of the chain has started to grow at a high rate, going from just under 1 million to the current level of 53.5 million dollars.

At the top of June, Filecoin counted over 87 million dollars, highlighting an exponential increase in investment activities in DeFi in 2024.

Nonetheless, the gap with the other crypto ecosystems remains still very wide.

Just to give an idea, Filecoin ranks in 47th place in the list of blockchains with the highest TVL, behind Algorand, ZkSync Era, and Celo.

Until a few months ago, the presence of decentralized protocols on the network was poor and limited to a few use cases, highlighting a lack of development in this regard.

With the latest advancements, however, Filecoin can finally try to capture a significant market share in the crypto and web3 sector.

The presence of Aethir among the selected dapps could inspire other developers to work on expanding the chain’s offerings.

In the meantime, even FIL, the native crypto of Filecoin, does not seem to be doing well on the chart front. 

The currency indicates a 2024 with little influence on the speculative side, with an increase in quotations of only 4.39%.

From the top of March 2021 FIL records a drawdown of 98%, indicating a severe devaluation of prices during the last bear market.

Despite the boom in trading volumes in the first quarter of the year, it was enough to bring the crypto closer to the values of the last bull market.

The limited technical utility and inflation caused by frequent unlocks have led to the decline of this coin, which now will hardly manage to reach new highs.

At least, if the partnership with Aethir should attract a lot of data storage demand, the demand for the crypto FIL could react positively.