Theta plans to fully integrate its hybrid cloud-decentralized GPU marketplace into its EdgeCloud platform later this year.
By Chimamanda U. Martha
Edited by Julia Sakovich
Updated
3 mins read
THETA, the native cryptocurrency of the Theta network, a decentralized video transmission platform, surged over 9.12% on Thursday morning to reach $3.0 after dropping to $2.76 the previous day.
According to data from CoinMarketCap, the digital asset has seen a 19.39% increase over the past seven days. With a 24-hour trading volume of more than $100 million, THETA currently boasts a market capitalization of over $3 billion.
The token surge was propelled by the latest partnership between the Theta network and Aethir, a distributed cloud GPU network, to launch what is described as the largest hybrid GPU marketplace in the crypto economy.
Recent reports claimed the marketplace, when launched, will cater to builders and enterprises worldwide looking to explore the ecosystem.
The hybrid marketplace will be designed to provide unmatched GPU compute capabilities, promising performance levels 20-30 times more potent than any other existing network in the digital asset space.
The AI industry demands significant GPU-based computing power for innovation and growth. However, traditional cloud computing models face challenges in meeting these demands. Aethir and Theta’s marketplace aims to bridge this gap by providing instant access to enterprise-grade GPU computing, enabling companies to train, refine, and deploy AI models effortlessly.
According to the report, Aethir’s extensive network of over 40,000 enterprise GPUs, including 8,000+ NVIDIA H100s, combined with Theta’s network will form one of the world’s biggest clusters of distributed GPU computing power, equivalent to 250 Nvidia A100s.
Theta plans to fully integrate its hybrid cloud-decentralized GPU marketplace into its EdgeCloud platform later this year.
The move aims to provide developers and enterprises with a seamless way to leverage AI models. Theta Labs CEO Mitchell Liu sees EdgeCloud as a game-changer in AI computing, leveraging a recently approved patent on their Edge Computing platform supported by a Smart Contract blockchain network.
On the other hand, Aethir CTO Kyle Okamoto is enthusiastic about the partnership, calling it the “key to global GPU computing”, which he believes is the most valuable and disruptive asset in history.
The collaboration between the duo aims to meet the growing demands of emerging AI models, such as text-to-video and text-to-3D, which require significantly more power than current chatbots.
Theta network, renowned for its decentralized video delivery, has gradually expanded its platform beyond native video delivery, integrating AI and video processing features into its protocol.
The recent introduction of the EdgeCloud platform, which will fully debut next year, is set to redefine cloud computing. It will offer users seamless access to GPU processing power for AI and video tasks, effectively creating a decentralized cloud computing hub.
With the launch of Theta EdgeCloud, the network is embracing the best of edge and cloud computing, catering to immersive extended reality experiences, cutting-edge video-based AI applications, and other innovative technologies.
This strategic shift from a video-centric approach to integrating AI and video processing aims to enhance Theta Network’s capabilities, offering groundbreaking services and driving the development of next-generation applications.
Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.
Chimamanda is a crypto enthusiast and experienced writer focusing on the dynamic world of cryptocurrencies. She joined the industry in 2019 and has since developed an interest in the emerging economy. She combines her passion for blockchain technology with her love for travel and food, bringing a fresh and engaging perspective to her work.
