Cysic enables tokenization of high-performance compute with ComputeFi
Cysic is launching a platform that allows customers to entry actual {hardware} with the assistance of tokenized property.
Cysic is utilizing tokenization to offer customers entry to high-performance computing energy. On Thursday, Could 29, the zero-knowledge layer-1 community introduced ComputeFi, describing it as a “{hardware} tokenization mannequin.”
The rise of AI has pushed highly effective GPUs out of attain for a lot of smaller builders. With chip costs persevering with to rise, the problem is more likely to worsen, says Leo Fan, Co-Founding father of Cysic. ComputeFi goals to make entry to highly effective computing extra inexpensive.
“We wished to ease the price of scaling real-time functions, and assist to generate sustainable yield for the largest crypto use circumstances right this moment: crypto mining, AI inference, and zero-knowledge proving,” Leo Fan, Co-Founding father of Cysic.
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How the ComputeFi mannequin works
The ComputeFi platform features by tokenizing actual computing {hardware}, together with GPUs, ZK chips, and mining rigs. These tokens turn out to be property that anybody can earn from, without having to handle or retailer the machines instantly.
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On the again finish, ComputeFi distributes computing energy to customers, offers rewards for token holders, and tracks all exercise on the blockchain. The platform additionally says this mannequin removes the intermediary between builders and {hardware} homeowners.
“Most individuals can’t afford to purchase and function high-end compute {hardware}. ComputeFi bridges this hole. It connects those that want compute with those that have it, and permits anybody to generate yield from the infrastructure that powers blockchain, AI, and mining applied sciences,” Leo Fan, Cysic.
One of many first functions ComputeFi will give attention to is Dogecoin and Litecoin mining. This may enable strange customers to earn mining rewards with out managing {hardware} instantly or paying to function it. Cysic hopes it will contribute to extra democratic and distributed mining, whereas rewarding a broader pool of customers.
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