Singapore, Singapore, December 4, 2024, Chainwire
GAIB, a platform creating monetary infrastructure for AI computing, at the moment introduced the completion of its $5 million pre-seed funding spherical. The spherical was co-led by Hack VC, Faction and Hashed, alongside strategic investments from main teams together with Spartan, CMCC, L2IV, Animoca Manufacturers, IVC, MH Ventures, Presto, J17, IDG Capital, 280 Capital, Aethir and Close to. Basis, in addition to a number of angel traders.
Funds might be allotted to develop R&D and operations groups, speed up product iteration, and strengthen platform infrastructure to fulfill market calls for. The funds will assist fulfill its mission to pioneer a liquid, decentralized marketplace for enterprise GPUs, filling vital gaps in GPU funding and investor accessibility.
GAIB tokenizes GPUs and their yields, enabling the creation of a brand new asset class supported by actual demand for AI. This innovation paves the best way for brand new direct funding avenues in AI, which has traditionally been dominated by fairness investments in just a few massive AI or semiconductor corporations. By connecting AI, GPU requests, and blockchain, GAIB introduces a brand new sort of yield-generating asset that types the idea for a wide range of decentralized finance (DeFi) use instances, permitting customers to 'entry direct GPU publicity, yield merchandise, hedging and hypothesis. , and numerous portfolio methods.
“We’re constructing the primary financial layer for AI computing, bringing new funding alternatives to this booming sector,” stated Kony Kwong, Founder and CEO of GAIB. “With this funding, we’re remodeling GPUs and their yield right into a tradable asset class, enabling people and establishments to immediately have interaction within the trillion-dollar AI computing market, thanks to those new direct funding autos. »
“We’re excited to assist GAIB because it unlocks direct funding alternatives within the vital AI compute market that has lengthy been dominated by just a few massive gamers,” added Alex Pack, co-founder and managing companion by Hack VC. “We’re excited to assist GAIB in constructing the monetary infrastructure for the AI period.”
GAIB has additionally lately entered into notable partnerships with business leaders like Aethir and io.web, positioning itself as a pioneer in monetary innovation for IT belongings. These collaborations additional improve GAIB's ecosystem, enabling scalability by its distinctive strategy to IT financialization.
About GAIB
GAIB is the primary financial layer for AI computing, creating a brand new sort of yield-generating belongings backed by actual AI calls for. It tokenizes enterprise-grade GPUs and their yields, making a decentralized liquid marketplace for GPU financing, assembly the rising demand for high-performance computing whereas offering traders with direct publicity to GPU belongings. The platform allows constructing a wide range of decentralized finance (DeFi) use instances, together with GPU-backed stablecoins, lending and borrowing, choices and futures, and numerous structured merchandise.
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This text was initially revealed on Chainwire
