Unique RWA Platform Compute Labs Hits $30M Valuation in Latest Funding Round

Compute Labs, which is already incubated by the Nvidia Inception Alliance, has just announced the close of a $3 million funding round, raised to accelerate the project’s development and growth in the crypto ecosystem.

The round saw the project valued at a full $30 million - no small achievement given the fundraising was for a pre-seed investment round.

What’s more, the round is complete with some of the blockchain industry’s top-tier VC funds. These include but are not limited to…

• MH Ventures
• ArkStream Capital
• CMS Holdings
• Symbolic
• OKX Ventures
• HashKey Capital

… to name just a select few. However, the round also saw participation from legendary angel investors such as Sandeep Nailwal (founder of Polygon) as well as members from the likes of Blackrock, NEAR, and the Solana Foundation.

What is Compute Labs?

Though further exciting details are yet to emerge about the project, we do know that Compute Labs is a real-world asset (RWA) tokenization platform. However, what makes it special is its unique focus on the processing power of CPUs and GPUs (a.k.a. ‘Compute’).

Described as the ‘currency of the future’, compute is crucial to hot and emerging sectors such as artificial intelligence (AI). Compute Labs, meanwhile, offers investors a way to gain exposure to this key commodity in a way never before seen.

According to an announcement article from The Block…

“By tokenizing compute, the protocol will let users purchase high-performance GPUs such as the NVIDIA H100 via its GPU-NFTs (GNFTs), Z said. GNFT is an SPL22 token - a hybrid token on Solana that can be both non-fungible and fungible at the same time...GNFT holders will have ownership and yielding rights to that GPU”

Compute Labs’ protocol is already live on Solana testnet and its GNFT pre-sale is expected to take as soon as this month. Compute Labs’ native token, meanwhile, is slated to go live in Q3/4 of this year.

To learn more about Compute Labs, make sure to follow the project’s official X/Twitter account.