Solana-based GPU tokenization protocol Compute Labs completes $3 million financing

Compute Labs, a GPU tokenization protocol based on Solana, has completed a seed round of financing worth $3 million with a valuation of $30 million. The round was led by Protocol Labs, the developer behind Filecoin, with participation from Blockchain Coinvestors, OKX Ventures, CMS Holdings, HashKey Capital, Amber Group, and P2 Ventures (formerly Polygon Ventures). Angel investors include Sandeep Nailwal of Polygon and Austin Federa of the Solana Foundation.

Albert Z, founder and CEO of Compute Labs, stated that the company is currently raising seed funding at a "significantly higher" valuation.

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