TechFlow News — On December 4, GAIB, the AI compute economic layer, announced the completion of a $5 million Pre-Seed funding round led by Hack VC, Faction VC, and Hashed. Institutional and individual investors participating in the round include Spartan, Animoca Brands, MH Ventures, Aethir, Near Foundation, Chris Yin from Plume Network, and Lucas Kozinski from Renzo Protocol. The funding was structured through a SAFE (Simple Agreement for Future Equity) with token warrants.
Founded in June this year, GAIB primarily focuses on GPU tokenization. According to Kony Kwong, co-founder and CEO, the fundraising process began in June and closed in July. Notably, Kwong currently serves as a venture partner at L2 Iterative Ventures and previously worked as an investment analyst on Huobi’s global strategy and M&A team.
