Compute Labs Raises $3 Million For Solana-Based GPU Tokenization Protocol

Compute Labs Raises $3 Million For Solana-Based GPU Tokenization Protocol

Solana-Based GPU Tokenization Protocol Compute Labs Raises $3 Million Solana-based GPU tokenization protocol Compute Labs has raised $3 million in a pre-seed round led by Protocol Labs, The Block reports. OKX Ventures, HashKey Capital, Amber Group, and Polygon co-founder Sandeep Nailwal also participated. Compute Labs is currently live on Solana’s testnet and is expected to launch on Solana’s mainnet later this month. The native token is set to launch in Q3 or Q4 of this year. GPU tokenization is a process of creating a digital token that represents ownership of a physical GPU. This allows users to trade GPUs on a decentralized exchange, or use them to power cloud computing applications. Compute Labs is one of the first projects to develop a GPU tokenization protocol on Solana. The project has a number of advantages over existing GPU tokenization protocols, including: High performance: Solana is a high-performance blockchain that can handle a large number of transactions per second. This makes it ideal for GPU tokenization, which is a computationally intensive process. Low cost: Solana is a low-cost blockchain, which makes it affordable to tokenize GPUs. * Decentralized: Solana is a decentralized blockchain, which means that it is not controlled by any single entity. This makes it more secure and reliable than centralized GPU tokenization protocols. The Compute Labs team is made up of experienced engineers and entrepreneurs with a deep understanding of blockchain technology and the GPU market. The team is committed to building a robust and scalable GPU tokenization protocol that will make it easy for users to trade and use GPUs.