Investment firms Polygon Ventures and Amber Group join forces to headline a $20 million funding round for digital wallet provider Edge Matrix Chain.
Edge Matrix Chain (EMC) has recently announced the launch of a groundbreaking DeFi asset class, tokenizing real-world GPU resources to create a decentralized finance (DeFi) product backed by physical GPU computing capacity. This innovative approach aims to unlock liquidity, accessibility, and efficient marketplace dynamics for otherwise illiquid, costly, and complex physical computing assets.
The primary objectives of this novel asset class are:
- Fractionalizing GPU resources, allowing a broader range of participants, from small investors to enterprises, to buy, trade, or lease portions of GPU capacity via tokens.
- Enhancing liquidity and market efficiency in GPU resource allocation, which traditionally requires large upfront investments and is constrained by physical hardware deployment.
- Providing transparency, trust, and compliance through blockchain technology, ensuring that token holders have verifiable claims to underlying GPU resources.
- Integrating real-time resource valuation and utilization data, ensuring token prices are dynamically aligned with the performance and availability of the GPU assets.
- Supporting decentralized applications and AI/ML workloads by ensuring scalable and reliable access to GPU compute power within a DeFi ecosystem.
Although there is no direct description of EMC's asset class in existing search results, the closest related information about tokenizing real-world assets on blockchain platforms highlights similar benefits and technological approaches. Real-world asset tokenization platforms, such as those using Ethereum and Polygon blockchains, provide scalable transactions, compliance controls, transparent documentation through blockchain immutability, and use oracles for market-aligned pricing – principles that likely underpin Edge Matrix Chain’s approach to GPU resources as a DeFi asset.
EMC's DeFi class utilizes "tokenized H100 Tensor Core GPUs developed by Nvidia," and the raised funds, totalling $20 million, will be used to accelerate the launch of EMC's layer-1 blockchain for AI applications. The funding round was led by Polygon Ventures and Amber Group, with participation from One Comma, Cyberrock Venture Fund, Candaq Fintech Group, Hameem Raees Chowdhury, and Kapley Judge and Associated Corporations.
EMC Network's edge computing protocol includes smart contracts, decentralized storage, and consensus mechanisms for transaction verification, enabling users to access computing resources efficiently. Users can benefit from returns generated by outsourcing on-chain GPU resources, and the network provides flexible, reliable, and efficient computing resources.
In summary, Edge Matrix Chain’s new DeFi asset class translates physical GPU computing power into a liquid, tradable, and transparent blockchain-backed token. This innovation aims to democratize access to high-demand computing infrastructure and blend tangible and digital asset markets efficiently. Furthermore, EMC Network's edge computing protocol enables users to share computing resources and process data, making it an essential tool for crypto AI projects and decentralized applications.
- EMC's new DeFi asset class, backed by physical GPU computing capacity, is set to revolutionize finance and investing by offering tokenized H100 Tensor Core GPUs, providing opportunities for small investors and enterprises to invest, trade, or lease portions of GPU capacity.
- The success of this asset class hinges on integrating data-and-cloud-computing technology, ensuring real-time resource valuation and utilization data is available, leading to dynamically aligned token prices and a more transparent, trustworthy, and compliant marketplace.
- By leveraging technology and innovation, this digital asset class also supports decentralized applications and AI/ML workloads, making it an essential tool for crypto AI projects and decentralized applications, ultimately bridging the gap between tangible and digital asset markets.
