Aethir, Beam Foundation, and MetaStreet launched Tactical Compute, a $40M initiative to meet growing demand for blockchain and AI computing
Utilizing Aethir’s decentralized GPU network, Beam Investments, and MetaStreet’s DeFi infrastructure, the initiative generates opportunities for the monetization of compute resources.
According to a post on Beam Medium, Tactical Compute Holding Limited will manage Tactical Compute, focusing on compute-related opportunities such as hardware financing, private yield arbitrage, and network bootstrapping.
It is the objective of these endeavors to accommodate the growing demand for computing resources while simultaneously incorporating crypto-based innovations.
In order to rectify this imbalance, Tactical Compute intends to identify advantageous opportunities within the compute market. For instance, we can compare the process of “farming” Aethir tokens to earning credits for using Aethir’s GPUs, similar to the credits Microsoft Azure provides for its cloud infrastructure.
Objectives and support from the industry
In conjunction with the Sophon Foundation and other distinguished supporters, the Beam Foundation is contributing $5 million to the initiative.
The partnership, according to Daniel Wang, CEO of Aethir, “enables us to identify new opportunities in the monetization of compute resources and to foster innovation in decentralized technologies and scalable AI.”
Permian Labs, MetaStreet’s development arm, leverages its proficiency in DeFi tools to provide financing for GPU-powered nodes. Tactical Compute, according to co-founder David Choi, “extends our platform by addressing the increasing demand for compute infrastructure, thereby fostering innovation at the intersection of infrastructure, AI, and crypto.”
