Wait…No…Really? Did a New Crypto Company Just Find Product-Market Fit?

TL;DR

• Aethir, the firm developing a decentralized GPU network, reported first-year revenue of $36M (not from token appreciation, but from paying customers).

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It’s not just crypto…

A lot of early tech products start out as pipe dreams on a pitch deck.

Most stay that way, some don’t survive first contact with customers, and a very select few actually launch successfully.

We’re still in the early days of web3 and crypto development, and the landscape is (mostly) littered with ideas on a page.

So it’s super exciting when we get news like this:

Aethir, the firm developing a decentralized GPU network (for companies to build Gaming and AI products on top of), reported first-year revenue of $36M.

Which — we know, we know — ain’t much when you consider such a return could be matched by a 0.0028% increase in Bitcoin’s price (which actually happened multiple times while we were typing this sentence).

But this revenue didn’t come from speculative token appreciation!

It came from real customers paying Aethir for their service, which allows anyone that meets the right GPU and bandwidth requirements to join the network and sell their compute power to third parties.

(All while competing with web2 giants like Google Cloud and Amazon Web Services on price).

$36M in revenue is the babiest of all baby steps.

But it’s a step nonetheless — and those are rare with new technology products.