Aethir (ATH), a leading Decentralized Physical Infrastructure Network (DePIN), joined forces with Injective (INJ), a Layer 1 blockchain designed for next-gen financial applications, to create a GPU marketplace. This venture changes how crypto market participants access GPUs.
In a post on X (formerly Twitter), Aethir announced the launch of its tokenized GPU marketplace with Injective. The companies aim to unlock a “whole new way to access and trade high-performance compute.” Aethir stated that its clients will not need “bulky hardware,” potentially revolutionizing market participation.
Aethir x Injective: GPU Compute, Tokenized.
We’re teaming up with @injective to launch the first-ever tokenized GPU marketplace, unlocking a whole new way to access and trade high-performance compute.
Here’s what’s coming:
🔹 Fractional GPU Power: No need for bulky hardware,… pic.twitter.com/w0n9RdMPWm— Aethir (@AethirCloud) December 26, 2024
It is important to note that Aethir operates one of the largest GPU networks globally, with over 360,000 high-quality GPUs. Combined with Injective’s platform for finance, the two have created new opportunities for the market.
This marketplace will allow users to buy, sell, or lease GPUs, providing a way to earn side income with spare computational power. Furthermore, Injective Labs noted in a separate blog post that the marketplace will give developers, researchers, and institutions “flexible and cost-effective” access to computational resources.
Injective Labs aims to disrupt the current GPU acquisition process, which is often “opaque” and “exorbitantly expensive.” The new GPU marketplace offers users fractional ownership of computation power, instant utility, and real-time trading, among other key features.
ATH and INJ Price Performance
Both ATH and INJ tokens experienced impressive price increases this year. At the time of writing, they trade at $0.06737 and $21.20, respectively. INJ ranks 60th with a market cap of $2.09 billion, while ATH ranks 180th with a valuation of $382 million. Both cryptocurrencies dipped in the past day, with ATH falling 4.77% and INJ dropping 2.45%.
INJ climbed from $13.55 earlier this year to an all-time high of $52.75 nine months ago. ATH soared from $0.04221 to its all-time high of $0.6429 over six months ago. The two cryptocurrencies have seen corrections since their peaks, but the potential for an explosive rally remains.
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