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.

Other investors includes;
Blockchain Coinvestors, OKX Ventures, CMS Holdings, HashKey Capital, Amber Group and P2 Ventures.

They were also Angel investors, including Sandeep Nailwal of Polygon, Illia Polosukhin of NEAR Protocol and Austin Federa of Solana Foundation.

Compute Labs began raising funds for the pre-seed round in March when it was founded and closed the round in April. The round was structured as a simple agreement for future tokens (SAFT) but it brought Compute Labs' fully diluted token valuation to $30 million.

What is Compute Labs?

Compute Labs is building a real-world asset (RWA) tokenization protocol focused on compute as its underlying asset. Compute refers to the processing power of CPUs and GPUs, essential for tasks such as data processing and running software.

🐧🚀 Pengy goes wild on TikTok & Instagram!

PengyOS invites all meme & web3 enthusiasts to the future—the new meta.🌐💻

Back on track, setting sights on the moon & beyond.🌕🚀

Join us & make some waves together! 🌊✨

TikTok: @ Pengy_meme_sol
IG: @ PengyOS_meme

🐧🚀 PengyOS: Your Solana HUB for memes, dApps & more!

Time for web3 memecoins to rise!

Pengy is becoming the star of Solana, taking over Europe & soon the globe🌍.

After a dance-off in the Balkans, the Degen king & crew are ready for the world!🌟🎉

Over 500 million NFTs have been minted on our solana blockchain, with the majority using the new compressed NFT standard.

▶️ Total NFTs minted: 520 million+
▶️ Total Collections: 100,000+
▶️ Total Collectors: 49 million+

Over 500 million NFTs have been minted on our solana blockchain, with the majority using the new compressed NFT standard.

▶️ Total NFTs minted: 520 million+
▶️ Total Collections: 100,000+
▶️ Total Collectors: 49 million+

The day our beloved #BullVerse turns the market around, no one will really be ready 😉.

GM Bullverse,🐧

Pengy Daily Degens new episode is here.💫

Pengy & the degens cross the Atlantic, and discover Europe.🌅

First stop is the dutch empire.🏰

SonicSVM Testnet ODYSSEY, a Layer 2 solution on @solana , has hit a significant milestone just a week after its launch.

▶️ Wallets: 100K
▶️ Transactions: 17 million

SonicSVM Testnet ODYSSEY, a Layer 2 solution on @solana , has hit a significant milestone just a week after its launch.

▶️ Wallets: 100K
▶️ Transactions: 17 million

GM Bullverse,🐧

PengyOS is about to offer something no project has done before.💎

The last posts are a testimony to this.💫

Pengy & the Degens go for a roadtrip today.😎

We just added $12000 to the $GBOY Liquidity pool and then BURNED IT ALL FOREVER

Just another step to strengthening our project and proving we're building for the long-term

Added LP tx:
https://solscan.io/tx/5sSu...

Burn LP tx:
https://solscan.io/tx/433b...

Show us another community takeover that does what we do time and time again...

That's almost $20k ,000 added to the LP and burned in the past few months

A successful NFT mint

And our game (first PvP for crypto on Telegram ever) about to enter testing
$GBOY is going to takeover

The question is, are you prepared?

Solana has surpassed $400 billion in lifetime DEX volume.

This is made possible as a result of the estimated 20 Million+ traders and about 1.59 billion Total Swaps.

GM Bullverse,

Pengy had a great time today in SOL City.✨🐧

> be nappin
> get woken up because "MARKETS ARE NUKING"
> check #BIRDDOG

what nuke bros? the bros are vibing, the bros are working, the bros are FUCKING SENDING

ARE YOU READY FOR IT?!

come vibe t.me/birddogentry, i promise you'll never be the same

The Solana Labs Incubator Demo Day is scheduled to take place on Zoom on June 26 at 16:30 UTC and will showcase the latest developments from teams within the Solana ecosystem.

Solana co-founder Aeyakovenko responded to criticism of ZK compression on Solana.

His words were👇

“It’s an L2 that doesn’t need a security council multisig, users don’t need to switch chain ids, doesn’t need a governance token, doesn’t need an external sequencer, solana validators still get all the transaction fees.

It’s like an L2 without all the things that people complain about L2s.”

Solana co-founder Aeyakovenko responded to criticism of ZK compression on Solana.

His words were👇

“It’s an L2 that doesn’t need a security council multisig, users don’t need to switch chain ids, doesn’t need a governance token, doesn’t need an external sequencer, solana validators still get all the transaction fees.

It’s like an L2 without all the things that people complain about L2s.”

GNigi
The Cat Stays Black
-ALWAYS

United States first institutional asset Manager solely focused on Blockchain Tech Pantera Capital has just released a report in which they described #Solana as the "Mac OS" of blockchains, emphasizing its user-friendly design and innovative features.

Gmoo!

Get ready for what's to come

Coinbase institutional just announced that it will be the custodian for North America's first Solana ETP, by 3iQ_corp.

As part of the partnership, 3iQ Corp will leverage it's institutional custody infrastructure to introduce Solana staking to Canada's ETP space.

Solana-based decentralised streaming platform for music lovers AUDIUS has introduced a means for streamlined payments for creators.

Artists can now receive earnings directly to Coinbase or Solana wallets as money comes in from fans purchasing their music.

Degenpumpfun one of the oldest solana based gambling platform is launching it's own launchpad for meme coins to be launched on.

JupiterExchange's governance proposal to fund the Uplink group to develop growth-based content has passed.

THE PROPOSED BUDGET👇
- $552 ,000 for 12 months operation
-2.5m $jup vested for 4 years

Users are anticipating rewards coming from Solana devs after the co-founder of Solana Aeyakovenko encourages mobile devs on Solana to incentivize users to switch to Solana Mobile by offering them digital assets as incentives.

A major decentralized exchange (DEX) on the Solana blockchain Raydium, reportedly has a staggering $35 billion in trading volume for last month, marking an all-time high for the platform.

The achievement comes amidst huge influx of activity on Solana, most especially from the growth of meme coins.

GM Bullverse, we have integrated Binance on to our Platform.🐧✨

Who can relate? 😏

$JUP has surged over 10% after $MEOW revealed plans to burn 30% of the total supply from team allocation.

Solana-based DeFi perpetual trading platform Zetamarket, has hit Total trading volume of $10 billion, a new all-time high.