TechFlow reports that Compute Labs, a GPU tokenization protocol in the Solana ecosystem, has raised $3 million in a pre-seed round at a $30 million valuation. The round was led by Protocol Labs, with participation from Blockchain Coinvestors, OKX Ventures, CMS Holdings, HashKey Capital, Amber Group, and P2 Ventures (formerly Polygon Ventures).
By tokenizing computing power, the protocol will allow users to purchase high-performance GPUs such as the NVIDIA H100 through GPU-NFTs (GNFTs). Additionally, Compute Labs claims to be part of the NVIDIA Inception VC Alliance incubation program.
GNFT is an SPL22 token—a hybrid token on Solana that can be both fungible and non-fungible. GNFT holders will have ownership and revenue rights to the corresponding GPU. The GNFT presale is expected to begin this month and last for several weeks, followed by a public sale. While the protocol initially launched on Solana, it plans to expand to other blockchains including NEAR and Monad in the future.
