Overview
Compute Labs, a startup focused on transforming the GPUs used in AI data centers into fractionalized yield-bearing tokens, has partnered with enterprise AI cloud company NexGen Cloud. They are rolling out ownership distribution for a $1 million ‘public vault.’
Key Points:
- The yield from the first public vault is estimated to be approximately 30% annually, based on rental agreements for enterprise GPUs.
- Initial funding will be managed by NexGen Cloud’s investment unit, InfraHub Compute.
How It Works
The funds accumulated will be allocated to purchasing GPUs, which will then be fractionalized into tokenized assets for investors. The pilot vault has successfully attracted $1 million in investments, utilizing top-of-the-line NVIDIA GPUs currently employed for AI tasks.
The goal is to provide investors with direct access to revenue generation from AI infrastructure without the need to manage physical hardware or rely on potentially overpriced public stocks. This marks a significant opportunity for individuals looking to tap into the lucrative AI sector.
“For investors, this pilot project represents the first-ever opportunity to earn stablecoin yield directly from live AI compute without having to manage the hardware or rely on overvalued public equities,” said a representative from Compute Labs.
Additional Information
The funding process is projected to yield returns exceeding 30% per annum, driven by active GPU rental agreements. Furthermore, Compute Labs has backing from several prominent firms such as Protocol Labs, OKX Ventures, CMS Holdings, and Amber Group.
