Nvidia puts a halt to Arbitrium’s Inception program, backing AI startups with infrastructure credits and mentorship.
The market speculates that Nvidia is still not interested in crypto-related projects despite the prolonged efforts of the crypto sector. Nvidia, an American multinational corporation and technology company, has put a last-minute halt on the Arbitrium (ARB) announcement without giving a specific reason.
The Ethereum Layer-2 solution was all set to announce a milestone titled Nvidia’s exclusive Ethereum partner for the chipmaker’s new Ignition AI Acceleration. This was the platform’s Inception program, backing AI startups with infrastructure credits and mentorship.
The market speculates that Nvidia is still not interested in crypto-related projects despite the prolonged efforts of the crypto sector in aligning with the booming AI sector. With the introduction of Nvidia’s accelerator program, the company mentioned on the application page that crypto-associated companies are not eligible for this.
The move also indicates a calculated step to prevent the GPU giant’s AI-first brand identity. Some community members also believe that this could suppress innovation, as artificial intelligence and decentralized systems seem to be in conflict.
Nvidia’s Prolonged Stance on Crypto
The CTO of Nvidia, Michael Kagan, interviewed with the Guardian in 2023, in which he noted: Arbitrum is a leading firm in L2 scaling solutions, but ARB is still hovering below its high of $1.2384 recorded in December 2024. However, the network is still trying and taking different measures to meet and break the token’s previous high.
ARB has initiated several plans for the revival of its network, one of the primary includes token buyback which initially lifted the prices by 36%, yet it failed to retain the momentum and fell to $0.2420 on April 7.