• NVIDIA probably wants to avoid potential regulation issues in the crypto sector
• Also excluded are consulting firms, cloud service providers, resellers, distributors, and publicly listed companies
• It’s likely that NVIDIA aims to completely focus on AI, a sector with huge growth potential

In a twist reflecting shifting tech priorities, NVIDIA—whose hardware fueled crypto mining booms—is now barring crypto startups from its key Inception support program. This exclusion from the AI-focused initiative hints at deeper concerns about regulation or the volatile digital asset market, even as it cuts off a potential source of vital resources for Web3 innovators.

The program is designed to support startups by providing benefits such as technical tools, training, preferred pricing on hardware and software, and opportunities to connect with NVIDIA’s network of venture capital firms. Eligible startups must be officially incorporated, less than 10 years old, and employ at least one developer.

Crypto startups now face a tougher road, losing access to NVIDIA’s hardware, mentorship, and funding networks, which may widen the gap between AI and Web3 ecosystems. 

The post NVIDIA Helped Fuel Crypto Mining, Now It’s Snubbing Crypto Startups appeared first on Coin Edition.

• NVIDIA probably wants to avoid potential regulation issues in the crypto sector
• Also excluded are consulting firms, cloud service providers, resellers, distributors, and publicly listed companies
• It’s likely that NVIDIA aims to completely focus on AI, a sector with huge growth potential

In a twist reflecting shifting tech priorities, NVIDIA—whose hardware fueled crypto mining booms—is now barring crypto startups from its key Inception support program. This exclusion from the AI-focused initiative hints at deeper concerns about regulation or the volatile digital asset market, even as it cuts off a potential source of vital resources for Web3 innovators.

The program is designed to support startups by providing benefits such as technical tools, training, preferred pricing on hardware and software, and opportunities to connect with NVIDIA’s network of venture capital firms. Eligible startups must be officially incorporated, less than 10 years old, and employ at least one developer.

Crypto startups now face a tougher road, losing access to NVIDIA’s hardware, mentorship, and funding networks, which may widen the gap between AI and Web3 ecosystems. 

The post NVIDIA Helped Fuel Crypto Mining, Now It’s Snubbing Crypto Startups appeared first on Coin Edition.