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.
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.
5 months ago
