MH Ventures announces its participation in Compute Labs' oversubscribed Pre-Seed funding round, which raised $3 million. Compute Labs aims to develop an AI-Fi ecosystem, merging artificial intelligence with decentralized finance (DeFi).
The funds will enable Compute Labs to tokenize GPUs on Solana, Near, and Monad blockchains, issue GPU-NFTs, expand the core project team, and complete the development of AI-Fi infrastructure. Other notable investors include Protocol Labs, Blockchain Coinvestors, OKX Ventures, HashKey Capital, and Symbolic Capital.
Compute Labs is developing financial instruments centered around AI computational assets. Their goal is to categorize computing as an emerging asset class and create a financial ecosystem around it. The company's planned offerings include swaps, options, perpetual contracts, liquidity provider pools, lending and borrowing facilities, staking and restaking opportunities, forwards/futures, structured products, and synthetics.
Albert Z, Founder and CEO of Compute Labs, stated, "We conceived the idea of tokenizing GPUs last October. In the past eight months, the industry has increasingly recognized the value of Compute in the AGI future."
Compute Labs' Compute Tokenization Protocol (CTP) converts physical GPUs into digital assets called GNFTs (GPU Non-Fungible Tokens).
The key features include:
Compute Labs introduces GPU Restaking, a mechanism designed to maximize GPU utilization and investor returns. The process begins with secure T3 Internet Data Centers (IDCs) housing investor-owned GPUs in custody. These GPUs are then rented out and "restaked" across various Compute networks. An AI-driven optimization engine allocates resources based on market demand, constantly monitoring performance to maximize yield and productivity for investors.
The company plans to acquire a 32-cluster of H100 SXM5s by Q3 2024, deploying them in T3 IDCs in Europe, Taiwan, and the US. This strategic move aims to provide a robust infrastructure for the GPU Restaking mechanism, further enhancing the potential returns for investors.
Compute Labs is developing a range of computational derivatives to cater to diverse investor needs. These include GPU ETFs, Compute Indexes, perpetual contracts, and staking and lending products. These offerings aim to provide multiple entry points for investors with varying risk profiles and goals, further democratizing access to AI investment opportunities.
By tokenizing computing resources, Compute Labs seeks to lower entry barriers for both retail and institutional investors. This approach allows for fractional ownership of high-performance GPUs, potentially broadening participation in the AI and computing economies. The company's innovative model not only makes AI investment more accessible but also creates a more efficient and liquid market for computing resources.
MH Ventures views Compute Labs as well-positioned to establish itself in the emerging AI-Fi ecosystem, citing the company's innovative approach to monetizing AI computing assets. As the AI industry continues to grow and evolve, Compute Labs' platform could play a significant role in shaping how investors interact with and benefit from advances in AI technology.
For more information about Compute Labs and its AI-Fi initiatives, visit its website.
