OKX Ventures Backs Compute Labs in Tokenized GPU Market Initiative
Tony Kim Jul 04, 2024 11:54
OKX Ventures has invested in Compute Labs to advance the tokenized GPU market, enhancing accessibility to compute revenue through blockchain technology.
OKX Ventures, the investment arm of the leading crypto exchange and Web3 technology company OKX, has announced its participation in a pre-seed investment round for Compute Labs. The Singapore-based startup is pioneering the tokenization of real-world assets (RWAs) with a focus on enterprise-grade GPUs.
Compute Labs' Innovative Approach
Compute Labs is at the forefront of transforming the compute market by offering a novel GPU Restaking solution. This cutting-edge approach enables a broader audience to invest in high-value compute assets, thereby democratizing access to compute revenue. By leveraging blockchain technology, Compute Labs aims to make enterprise-grade GPUs more accessible to everyday investors.
Significance of the Investment
OKX Ventures' investment underscores its continued interest in the convergence of artificial intelligence (AI), compute infrastructure, and blockchain technology. The financial backing is expected to bolster Compute Labs' efforts to establish a robust financial ecosystem for AI and compute, positioning the company as a leader in the AI-Fi space.
About OKX Ventures
OKX Ventures is dedicated to exploring and supporting innovative blockchain projects globally. With an initial capital commitment of USD 100 million, the firm aims to foster the healthy development of the global blockchain industry and drive long-term structural value. Through its investments, OKX Ventures supports entrepreneurs who contribute to the blockchain sector, bringing global resources and extensive experience to the projects it backs.
For more details, visit the official announcement by OKX Ventures here.
Image source: Shutterstock