Key points

• Experienced Management: Founder led management, with deep experience across Cloud, Gaming, AI & Web3 sectors
• Right product, right time: Market signalling a clear need for Aethier services (GPU supply, distribution and access issues)
• Massive Total Addressable Market (TAM): >$1 trillion opportunity across GPU infrastructure reliant industries
• Compelling business model: thesis driven, but focused on real business solutions. Two-sided ecosystem allows for faster and more efficient scalability.
• High-value, enterprise flywheel: As enterprise compute demand drives flywheel faster, the total ecosystem gains powerful momentum and advantages with scale.

Team

Mark Rydon

CEO

Daniel Wang

CBO

Kyle Okamoto

CTO

Paul Thind

CRO

Investors

Hashkey Exchange

Investor

CitizenX Crypto Ventures

Investor

Sanctor Capital

Investor

Merit Circle

Investor

The Product

The Aethir Network is a unique digital system that combines technology and economy. It’s like a bustling city where different players (miners, developers, users, token holders, and the Aethir DAO) come together to make everything work smoothly.

Unlike usual blockchain networks, Aethir Network uses a special way to operate. Here, the nodes do two main jobs:

1. Proof of Rendering Capacity: Every 15 minutes, a group of these nodes is randomly chosen to validate transactions (like checking if everything’s in order). The more they have invested (in terms of tokens), the better their service quality, and the less often they’ve been chosen before, the more likely they are to be picked.
2. Proof of Rendering Work: While working, their performance is closely monitored to ensure quality. The network makes sure that users get the best possible service, adjusting resources based on demand and location.

The Benefits of Running a Node

Running a node on Aethir contributes to the decentralisation of cloud compute and earns rewards from being a network participant. The first type of node in the Aethir network that will be made available is the checker node, a node for any user to operate to help in the verification of the uptime, latency, quality of service, and computational power provided by other node participants in the future.