PANews reported on July 4 that according to The Block, the AI+RWA project Compute Labs announced the completion of a US$3 million Pre-Seed round of financing, led by Protocol Labs, with participation from Blockchain Coinvestors, MH Ventures, HashKey Capital, CMS, P2 Ventures, ArkStream Capital, Symbolic Capital, Ambush Capital, Amber Group, Oak Grove Ventures, Polygon co-founder Sandeep Nailwal, NEAR Protocol co-founder Illia Polosukhin and Solana Foundation strategy director Austin Federa.

Compute Labs will use the funds to expand its core team and advance the development of the AI computing power tokenization protocol CTP and the first round of H100 GNFT public sale in mid-July. It is reported that Compute Labs was incubated by NVIDIA Inception VC Alliance and provides investors with AI computing power returns by developing enterprise-level AI computing power tokenization protocol CTP and GPU Restaking solutions. The AI computing power tokenization protocol CTP is now available on the Solana test network, and the main network is expected to be launched in Q3, and TGE will be completed before the end of the year.