PANews reports on December 4 that GAIB, a crypto AI startup focused on GPU tokenization, has completed a $5 million Pre-Seed funding round. The round was led by Hack VC, with participation from Faction VC and Hashed, along with other investors including Spartan, Animoca Brands, MH Ventures, Aethir, Near Foundation, and others.

GAIB aims to provide more liquidity and accessibility for AI computing by tokenizing GPU assets. GAIB has completed prototype development, will launch a pilot project this month, and plans to release Alpha products and platform tokens within the next two months. The platform will support multiple blockchains, including Ethereum, Base, BNB Chain, and others. Headquartered in Singapore, GAIB currently has 19 employees and plans to further expand the team to drive R&D and marketing.