Foresight News reports that AI Computing Economy Layer GAIB has announced the completion of a $5 million Pre-Seed funding round, led by Hack VC, Faction VC, and Hashed, with other participating investors including Spartan, Animoca Brands, MH Ventures, Aethir, Chris Yin from Plume Network, and Lucas Kozinski from Renzo Protocol. GAIB plans to launch its Alpha product in the next two months, and the GAIB token will also be launched after the product release.
GAIB focuses on GPU tokenization, and its co-founder and CEO Kony Kwong currently also serves as a venture partner at L2 Iterative Ventures, previously working as an investment analyst in the strategic mergers and acquisitions team at Huobi Global.