According to TechFlow, Solana ecosystem GPU tokenization protocol Compute Labs completed a $3 million Pre-Seed round of financing with a valuation of $30 million. Protocol Labs led the investment, and Blockchain Coinvestors, OKX Ventures, CMS Holdings, HashKey Capital, Amber Group and P2 Ventures (formerly Polygon Ventures) participated in the investment.
By tokenizing computation, the protocol will allow users to purchase high-performance GPUs, such as the NVIDIA H100, through its GPU-NFT (GNFT). In addition, Compute Labs claims to be part of the NVIDIA Inception VC Alliance incubation.
It is reported that GNFT is an SPL22 token, a hybrid token on Solana that can be both non-fungible and fungible at the same time. GNFT holders will have ownership and income rights to the GPU. The pre-sale of GNFT is expected to start this month and will last for a few weeks. After the pre-sale, the public sale will also be launched. Although the protocol was initially launched on Solana, it will be expanded to other blockchains in the future, including NEAR and Monad.