California, Los Angeles, July 3, 2024, Chainware Compute Labs, a tokenized real-world asset (RWA) startup, announced on Tuesday that it raised $3 million in seed funding in an oversubscribed round led by Protocol Labs, with participants including blockchain Coinvesters, MH Ventures, OKX Ventures, Symbolic Capital, Ambush Capital, CMS, HashKey Capital, ArkStream Capital, Builder Capital, Amber Group, P2 Ventures, Oak Grove Ventures, and Mozaik Capital. Notable cryptocurrency industry leaders such as Sandeep Nailwal of Polygon, Illia Polosukhin of NEAR Protocol, and Austin Federal of Solana Foundation also participated in the early funding. Compute Labs, incubated by the NVIDIA Inception VC Alliance, is used to tokenize enterprise-grade GPUs on-chain and provide an open pathway for investors to compute potential income through the GPU Restake solution.
Founder and CEO Albert Z. said, “Compute is one of the most valuable commodities of our generation. Unfortunately, most ordinary investors do not have the ability to invest in enterprise-grade GPUs. Compute Labs changes that, and we make it possible for everyone to invest in computing.”
This round of funding for Compute Labs may mark investors’ continued interest in artificial intelligence and computing infrastructure, much like similar projects such as io.net and Aethir, which recently launched with valuations in the billions.
Lacey Wisdom of Protocol Labs said, “As a leading project builder in this field, Compute Labs has the right team and resources to build a financial ecosystem for artificial intelligence and computing. They are fully capable of truly democratizing investment in artificial intelligence. Protocol Labs has been building and investing in the intersection of artificial intelligence and computers for many years, and we are excited to work with Albert and his team to build the AI-FI ecosystem.”
Compute Labs plans to use these funds to build its core project team and complete the development of the first round of GNFT Treasury, scheduled for mid-July.
About Compute Labs
Compute Labs is the creator of the Compute tokenization protocol, at the forefront of tokenizing real-world assets (RWA), focusing on democratizing the computing economy through blockchain technology. Incubated by the Nvidia Inception VC Alliance, Compute Labs is dedicated to financing artificial intelligence and realizing direct exposure to computing assets. Their platform allows for the creation of computing derivatives, providing investors with a simplified way to generate potential returns from computing, which is considered the currency of the future. This innovative approach not only opens up the computing commodity market to a wider audience but also enables investors to actively participate in the thriving digital economy.
Contact
Jamie Kingsley
Compute Labs
[email protected]