PANews reported on December 4 that according to The Block, GAIB, a crypto AI startup focused on GPU tokenization, has completed a $5 million Pre-Seed round of financing. The round was led by Hack VC, co-led by Faction VC and Hashed, and other investors included Spartan, Animoca Brands, MH Ventures, Aethir, Near Foundation, etc.

GAIB aims to provide more liquidity and accessibility for AI computing by tokenizing GPU assets. GAIB has completed prototype development, will launch a pilot project this month, and plans to launch Alpha products and platform tokens in the next two months. The platform will support multiple blockchains, including Ethereum, Base, BNB Chain, etc. GAIB, headquartered in Singapore, currently has 19 employees and plans to further expand the team to promote R&D and marketing.