Fetch.ai announces GPU rewards for tokenholders after $100M infrastructure investment


Crypto artificial intelligence project Fetch.ai, built on Cosmos, is allocating $100 million to an infrastructure program, dubbed Fetch Compute, that will expand the tools, computing power and training capabilities of developers alongside providing GPU credits for its users.

According to the March 5 announcement, Fetch Compute will deploy Nvidia H200, H100 and A100 GPUs to create a platform that developers and users can utilize for computing power, with financing coming from the Fetchi.AI ecosystem fund.

“The move is expected to accelerate the pace of innovation within the fetch.ai ecosystem by providing the capacity to explore complex models and solutions,” the project wrote. In addition, “Users staking Fetch.ai’s native coin $FET will earn Fetch Compute Credits as rewards which they can then use to pay for GPU utilization on the Fetch Compute network" starting on March 7.

Humayun Sheikh, CEO of Fetch.ai, commented: “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." Currently, Fetch.ai's infrastructure is comprised of the search-based AI DeltaV platform, which leverages large language models and AI agents to match users with computing services.

On Feb. 26, Cointelegraph reported that AI tokens have been rallying alongside chip-maker Nvidia’s breakout Q4 2024 earnings. During the quarter, Nvidia announced revenue and earnings of $22.1 billion and $12.3 billion, respectively, representing year-over-year increases of 265% and 769% amid accelerated demand for computing and generative AI. Subsequent to the announcement, Fetch.ai tokens have returned more than 230% and currently trade at $1.78.

Last month, Fetch.ai secured a partnership with Deutsch Telecom for the latter to join as a corporate partner and a validator for the Fetch blockchain.

Source : Cointelegraph by Zhiyuan Sun / Mar 5, 2024

rayn.finance logo


240 rue Evariste Galois,

06410 Biot,

Sophia Antipolis

Automata Pay

65-66 Warwick House 4th

Floor, Queen Street, London

England, EC4R 1EB

Automata Pay Europe Ltd

3rd Floor Ormond Building,

31-36 Ormond Quay Upper,

Dublin 7, D07 Ee37

Automata ICO Ltd

Italian Branch

Via Archimede, 161,

00197 Roma


The purchase of digital assets is subject to a high market risk and price volatility. Changes in value can be significant and occur rapidly and without warning. Past performance is not a reliable indicator of future performance. The value of an investment and returns can fluctuate both up and down, and you may not recover the amount you invested. RISK WARNING

Automata ICO Limited has a branch in Italy with its registered office at Via Archimede, 161, Roma, Italy, and registered in Italy under number 96550860587 with the Organismo Agenti e Mediatori (OAM) as a Virtual Asset Service Provider (VASP).

Automata France SAS is a company registered in France with the company number 902 498 617. Automata FRANCE SAS is registered with the french Financial Market Authority, l’Autorité des marchés financiers (“AMF”), as a provider of Virtual Asset Service Provider under number E2023-087.

Automata Pay Europe Limited is a partner of Modulr Finance B.V., a company registered in the Netherlands with company number 81852401, which is authorised and regulated by the Dutch Central Bank (DNB) as an Electronic Money Institution (Firm Reference Number: R182870) for the issuance of electronic money and payment services. Your account and related payment services are provided by Modulr Finance B.V. Your funds will be held in one or more segregated accounts and safeguarded in line with the Financial Supervision Act. How we keep your money safe.