The result is a way to get high-performance compute power from a distributed network of computers. Gensyn has now raised a $6.5 million seed led by Eden Block, a web3 VC.

It initially looked likely to fail: the founding tribe imploded after bitter internal fights; Ethereum suffered a massive cyber hack; scandals erupted and, like bitcoin, ether’s price became crazily ...

While the market treats GameFi with irrational exuberance, distributed compute tokens may be suffering from the opposite problem. Despite addressing the same market need as CoreWeave, and in some ways ...

Strategic Acquisition of io.net (IO) Tokens: Alset AI has acquired 12,868 io.net (IO) tokens, gaining exposure to the world's largest decentralized AI computing network, supporting the ...

METAVISIO november 8, 2024 (Thomson Computing) (FR00140066X4; mnemonic code: ALTHO, bloomberg code: ALTHO:FP, reuters Code: ALTHO.PA), a French company specializing in the design, production and ...

Well, one approach is that taken by U.K. startup Gensyn. It’s taken the idea of the distributed computing power of older projects such as SETI@home and the COVID-19 focussed Folding@home and applied ...

GameFi tokens are valued highly despite low user numbers, while distributed compute tokens are undervalued compared to traditional finance peers. CoreWeave's market cap is significantly higher ...