Kraken has spearheaded an oversubscribed pre-seed funding round for Argentum AI, a startup based in Menlo Park. Argentum AI is developing a decentralized compute marketplace that enables organizations to bid for computing power on-chain. This platform allows providers to monetize idle GPUs and data center capacity, utilizing Ethereum smart contracts for real-time bidding and settlement. The funding will expedite the development of this open marketplace, which aims to meet the increasing demand for flexible computational resources in fields such as AI, 3D rendering, and scientific simulations.
Kraken Leads Pre-Seed Funding for Argentum AI's Compute Marketplace
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