TL; DR
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Aethir, the company developing a decentralized GPU network, reported first-year revenues of $36 million (not from token appreciation, but from paying customers).
Full story
It’s not just crypto…
Many early tech products start out as pipe dreams on a pitch deck.
Most stay like that, some does not survive the first contact with customers, and a terribly select a few actually launched successfully.
We’re still in the early days of web3 and crypto development, and the landscape is (mostly) littered with ideas on a single page.
So it’s super exciting when we get news like this:
Aethir, the company developing a decentralized GPU network (on which companies can build gaming and AI products), reported first-year revenue of $36 million.
Which – we know – isn’t much when you consider that such a return could be accompanied by a 0.0028% increase in the price of Bitcoin (which actually happened several times while we were typing this sentence).
But these revenues did not come from speculative token appreciation!
It came from real customers who paid Aethir for their service, which allows anyone who meets the right GPU and bandwidth requirements to join the network and sell their computing power to third parties.
(And while they compete on price with web2 giants such as Google Cloud and Amazon Web Services).
$36 million in sales is the smallest of all baby steps.
But it is still a step – and so they are rare with new technological products.