Los Angeles, California, August 21st, 2024, Chainwire
Compute Labs, a pioneer and leader in tokenizing enterprise-grade GPUs, is pleased to announce its strategic partnership with Plume, the modular Layer 2 solution for real world asset (RWA) tokenization.
This collaboration is set to bring tokenized compute/GPUs to the Plume ecosystem, enabling direct exposure to AI compute assets, yield, and derivatives.
The Significance of the Partnership
Compute Labs is teaming up with Plume to redefine the RWA market with a mix between AI and real assets!
By incorporating tokenized AI compute assets such as the H100 and B200s into the Plume ecosystem, users are presented with a unique opportunity to invest directly in some of the most sought-after compute resources available today. This not only opens up a new avenue for investors to participate in the growing AI market but also offers the potential to earn RWA yields, with returns reaching up to 80%.
This integration is a game-changer for the Plume ecosystem, as it allows these tokenized GPUs to be traded on the platform, significantly boosting the TVL and driving increased DeFi activity. The ability to trade these assets on Plume enhances liquidity and creates a dynamic marketplace for AI compute resources, attracting a broader audience of investors and users. The tokenization of these GPUs will enable their trading within the Plume ecosystem. This, in turn, is expected to drive an increase in TVL and foster deeper engagement within the DeFi community.
The Partnership's Advantages
For Compute Labs, the partnership offers considerable advantages, particularly through Plume’s liquidity support and enhanced APY programs. This is supported by Plume, as they roll out liquidity support and launch campaigns focused on bootstrapping deposits for Compute Labs’ assets.
These initiatives are likely to attract more investors and provide a more robust market for Compute Labs’ tokenized assets. Moreover, the planned integration of a compute-backed yield-bearing stablecoin, C-USD, will introduce additional composability with Plume’s RWA-focused trading primitives.
Designed to maximize the benefits for both ecosystems, it makes it more attractive for users to engage with these tokenized assets. This development has the potential to further enrich both ecosystems, enhancing the overall value proposition for both Plume and Compute Labs, while offering investors diversified opportunities in the AI and DeFi spaces.
About Plume
Plume is the first RWA network designed for crypto natives, providing infrastructure that seamlessly connects the real world with crypto markets. Plume builds new crypto-first RWA use cases, focusing on RWA derivatives, speculation, borrow/lend, yield farming, and more.
Plume is a permissionless EVM chain and ecosystem that redefines the RWA market through novel technologies that vertically integrate all RWA elements into a single stack.
This includes a tokenization engine, an EVM chain, regulatory compliance tooling, and RWA data normalization, ensuring seamless integration of real-world assets and data onto the blockchain.
Over 140 projects are building on Plume’s testnet, showcasing its growing influence and adoption.
About Compute Labs
Computer Labs, through its Compute Tokenization Protocol (CTP), tokenizes enterprise-grade GPUs to financialize AI and enable direct exposure to compute assets.
CTP is the foundation for pricing compute assets and facilitating trading, staking, and derivatives for this emerging asset class. Through its innovative approach to AI and compute asset tokenization, Compute Labs empowers investors to yield from compute, the currency of the future.
To learn more about Compute Labs, users can check out the official website, or follow them on X and join Telegram to become a part of the community.
Contact
Jamie Kingsley
Compute Labs
j.kingsley@theprgenius.com
Disclaimer: Press release sponsored by our commercial partners.