Cysic is launching a platform that enables users to access real hardware with the help of tokenized assets.
Cysic is using tokenization to provide users access to high-performance computing power. On Thursday, May 29, the zero-knowledge layer-1 network announced ComputeFi, describing it as a “hardware tokenization model.”
The rise of AI has pushed powerful GPUs out of reach for many smaller developers. With chip prices continuing to rise, the issue is likely to worsen, says Leo Fan, Co-Founder of Cysic. ComputeFi aims to make access to powerful computing more affordable.
“We wanted to ease the cost of scaling real-time applications, and help to generate sustainable yield for the biggest crypto use cases today: crypto mining, AI inference, and zero-knowledge proving,” Leo Fan, Co-Founder of Cysic.
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How the ComputeFi model works
The ComputeFi platform functions by tokenizing real computing hardware, including GPUs, ZK chips, and mining rigs. These tokens become assets that anyone can earn from, without needing to manage or store the machines directly.
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On the back end, ComputeFi distributes computing power to users, provides rewards for token holders, and tracks all activity on the blockchain. The platform also says this model removes the middleman between developers and hardware owners.
“Most people can’t afford to buy and operate high-end compute hardware. ComputeFi bridges this gap. It connects those who need compute with those who have it, and allows anyone to generate yield from the infrastructure that powers blockchain, AI, and mining technologies,” Leo Fan, Cysic.
One of the first applications ComputeFi will focus on is Dogecoin and Litecoin mining. This will allow ordinary users to earn mining rewards without managing hardware directly or paying to operate it. Cysic hopes this will contribute to more democratic and distributed mining, while rewarding a broader pool of users.
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