Aethir - At the Crossroads of AI x Gaming xDePin, 20x of $AKT

At the crossroads of AI x Gaming xDePin, they are launching the largest node sale in its history.

They have raised $9M from Tier 1 investors like @CryptoHayes @animocabrands @Bybit_Official @HashKey_Capital

I am estimating an intrinsic valuation of at least 20x of $AKT 🧵

TLDR Thesis

I have invested in thier nodes and if you like a 10% rebate in your node purchases here is my code: http://checker.aethir.com/?code=arndxt

Here’s my investment thesis for $ATH being one of the largest DePin protocol in 2024

• ROI of at least $7,500 a year (pure speculation)

• Strong Backers and Parntership: Raised $9M from @CryptoHayes @animocabrands @Bybit_Official @HashKey_Capital and big telecommunications partnerships

•  Industry Recognition: Aethir is an @nvidia Inception Program member

•  Massive Network Size: Aethir's GPU network is 20 times larger than the RNDR Network

• Supercharged Compute Power: Aethir offers 45 times more TFLOPS than the Akash Network

• Big Infrastructure Investment: Capital committed to Aethir's infrastructure exceeds the combined commitments of the Akash Network and RNDR Network by 31 times

• Hardware: 42k total chips including 4k NVIDIA H100s and 32k Rockchip RK3588

Considering all these I do think that they will do better than $AKT by more than 20x minimally, given that their infrastructure is more efficient.

Executive Summary

@AethirCloud focuses on bridging the gap between high-performance GPU compute supply and the growing demand across AI, gaming, and virtualized compute sectors.

Through its decentralized platform, @AethirCloud aggregates underutilized computing resources, offering them as GPU-as-a-Service (GPUaaS) to enterprises and individual consumers.

This approach not only optimizes resource utilization but also ensures cost efficiency, reliability, and accelerated innovation within the ecosystem.

Bullish Take

Financial ROI Projections

Aethir has set aside 15% of its total $ATH token supply, amounting to 150 million tokens, to reward node operators over a span of 4 years.

Assuming an ambitious scenario where all 100,000 nodes are operational (a target that appears challenging), this distribution model implies that each node would be allocated 1,500 $ATH tokens during this period.

Speculative forecasts suggest Aethir's robust GPU power could command a significantly higher FDV compared to its competitors, potentially reaching $20 billion at launch, which translates to an estimated value of $20 per $ATH token.

Under this projection, each node's allocation of 1,500 $ATH would equate to a total reward of $30,000 over four years, or $7,500 annually.

Market Growth and Demand

The DePIN sector has shown explosive growth, with a market capitalization exceeding $32 billion and a significant demand in generalized-compute structures.

The GPU-compute subsector, particularly for high-performance Nvidia H100 units, is witnessing a demand surge driven by AI, cloud gaming, and telecommunications, positioning Aethir at the cusp of a lucrative market with a CAGR of 34.8% anticipated by 2030.

Strong Backing and Partnerships

Aethir has effectively secured $9 million in funding from a diverse group of backers, encompassing venture capital firms and family offices such as Animoca, Maelstorm Fund, IVC, Framework, Sanctor Capital, and Merit Circle.

In addition, Aethir has forged significant strategic alliances with leading entities in its operational sectors:

• Entered into a partnership with Nvidia via the Inception Program,

• Collaborated with Well Link, the world's foremost telecommunications company, along with other vital contributors in the telecommunications domain (subject to non-disclosure agreements),

• Formed partnerships with premier gaming studios, including the world's largest studio (confidential),

• Launched on Arbitrum and established cooperative relationships with prominent web3 entities like Impossible Finance, Gam3s.gg, and Seedify.

Innovative Platform and Technology

Aethir's decentralized cloud platform showcases technological advancements with its core back-end infrastructure—Containers, Checkers, and Indexers—ensuring high-quality, low-latency services. The platform's focus on resource pooling and token economics enables scalability and competitive pricing.

Aethir differentiates itself technically in several key areas:

• Network Access Diversity: Aethir offers a versatile range of network access options, including peer-to-peer and server-assisted connectivity, for flexible operational scenarios. This adaptability surpasses traditional cloud solutions, catering to a wider array of service needs.

• Evaluation Framework: The platform employs a transparent and dynamic system for evaluating container specs and service quality. This framework ensures consistent performance standards across services, backed by "Checkers" that maintain service integrity and a comprehensive protocol for quality assessment from start to finish.

• Low-Latency Innovations: Aethir has implemented advanced technologies to significantly reduce latency, essential for real-time applications. Innovations include predictive algorithms like Kalman filtering, reducing delays by 7~15ms; GPU-direct video capture to cut VSync delay; Region of Interest (ROI) encoding for efficient video processing; terminal super-resolution and Google's Oboe for enhanced image and audio in poor networks; and custom video rendering adjustments for various chips and operating systems, ensuring minimal latency across devices.

Investment Highlights

Financial Performance

Aethir's strategic positioning and technological edge have enabled it to secure lucrative contracts and a strong pipeline, projecting significant ARR growth. The investment of $9 million from notable VC firms and family offices underscores the financial community's support.

Market Opportunity

Aethir's solution addresses a critical gap in the GPUaaS market, leveraging decentralized networks to meet the soaring demand for AI, gaming, and virtualized computing power. The anticipated market growth presents a compelling opportunity for Aethir to capture a significant market share.

Technological Differentiation

The platform's innovative use of Containers, Checkers, and Indexers, along with its resource pooling approach, sets Aethir apart from competitors, offering scalable, reliable, and efficient cloud computing solutions.

Strategic Partnerships

Partnerships with industry leaders like Nvidia and Well Link, coupled with collaborations within the web3 space, enhance Aethir's ecosystem, driving growth and expanding its market presence.

Conclusion

Aethir presents a compelling investment opportunity within the DePIN and GPUaaS markets, driven by its innovative platform, strategic partnerships, and strong market demand.

With its technological differentiation, strategic market positioning, and robust financial backing, Aethir is poised to become a leader in the decentralized cloud computing landscape.

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Twitter: https://twitter.com/arndxt_xo/status/1769757505222213640