Arthur Hayes Proposes Futures Market for AI Compute Power
(3 hours ago) · 1 source · Summarized by CryptoBipto
Arthur Hayes, co-founder of BitMEX, has proposed creating a futures market for AI compute resources. This would be his third major venture, following his previous efforts in crypto derivatives. The concept would allow participants to trade contracts based on future AI computing capacity.
WHY IT MATTERS
A futures market is a place where people agree to buy or sell something at a set price on a future date. Think of it like pre-ordering a product at today's price, even if the price might change later. Arthur Hayes wants to create this kind of market for AI computing power, which is the processing capacity needed to run artificial intelligence systems. If such a market were built using blockchain technology, it could bring crypto infrastructure into the AI industry. For crypto beginners, this is an example of how people are trying to use the tools developed in crypto, like decentralized exchanges and smart contracts, to solve problems in other industries.
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- beincrypto.com
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