In a surprising and shocking decision for blockchain enthusiasts, Nvidia canceled its anticipated partnership with the Charm platform – the Ethereum Layer 2 network – just hours before it was officially announced, reaffirming that the company’s policy places a clear barrier against any project related to digital currencies.
The deal that would have granted "Charm" a golden seat in Nvidia's AI accelerator suddenly vanished without explanation. A move not far from the company’s long-standing anti-crypto stance, despite the recent convergence between AI technologies and blockchain.
It seems that the bitter experiences with the cryptocurrency market still haunt Nvidia, especially after the graphics card surplus crisis in 2018, and the fine it incurred of $5.5 million due to crypto-related revenues.
Artificial intelligence is at the forefront... and cryptocurrency is on the margin.
While Nvidia is putting all its weight behind emerging artificial intelligence companies, it shows no intention of returning to cryptocurrency, even if the founders of these companies have backgrounds related to blockchain.
Its withdrawal from the "Charm" deal changes nothing in the bigger picture: Nvidia has made its choice – AI first, and cryptocurrency out of the equation.
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