Solana-based GPU tokenization protocol Compute Labs raises pre-seed round at $30 million token valuation

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Solana-based GPU tokenization protocol Compute Labs raises pre-seed round at $30 million token valuation
Crypto EcosystemsCrypto InfrastructureDeals
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Compute Labs, the developer of a Solana-based GPU tokenization protocol, has raised $3 million in a pre-seed funding round.

Protocol Labs, the company behind the decentralized file storage network Filecoin, led the funding round, Compute Labs said Wednesday. Other investors included Blockchain Coinvestors, OKX Ventures, CMS Holdings, HashKey Capital, Amber Group and P2 Ventures . Angel investors, including Sandeep Nailwal of Polygon, Illia Polosukhin of NEAR Protocol and Austin Federa of Solana Foundation, also joined the round.

He said most regular investors today can't invest in enterprise-grade GPUs, adding that Compute Labs will make it "possible for everyone to invest in compute." While the protocol is initially launching on Solana, Z said it will expand to other blockchains in the future, including NEAR and Monad.

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