Argentum AI, a Menlo Park-based startup, has secured an oversubscribed pre-seed funding round led by cryptocurrency exchange Kraken, with participation from Banyan Ventures and angel investors Victor Morganstern and Todd Bensen. The capital will accelerate the development of Argentum AI's decentralized compute marketplace, which uses blockchain technology for real-time bidding and settlement of computational tasks.
The platform enables organizations to post computing needs—such as AI training, 3D rendering, and scientific simulations—while allowing providers, from individuals with idle GPUs to large data centers, to bid on and execute these tasks. Settlement occurs on-chain via Ethereum smart contracts, holding funds in escrow until completion, ensuring transparency and security.
Argentum AI emphasizes a collaborative model, blending human oversight with an AI assistant that learns from tasks to improve resource matching and pricing. CEO Andrew Sobko highlighted the platform's phased approach: "In the immediate term, we see a massive opportunity for bridging flexible needs with stranded compute capacity. Longer term, AAI plans to work with GPU makers on establishing liquidity and monetization plans for second-life assets." The project targets industries with fluctuating computational demands, including fintech, banking, and digital gaming.
To fuel its economy, Argentum AI has architected a native SPL token, AGP (Argentum AI Point), with a fixed supply of one billion. AGP serves as the internal currency for transactions, staking, and governance, allowing holders to influence protocol upgrades. The initiative aims to democratize compute access and create a new class of "GPU entrepreneurs" by monetizing underutilized resources globally.
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