Arthur Hayes’ Flop Labs plans to build a computing power trading market enabling AI agents to directly purchase GPU computing power.

Beating AI Express, September 2 — Flop Labs, led by CEO Arthur Hayes, is building a computing power marketplace for AI agents, positioning its FLOP token as the native payment asset for AI agents to access resources like computing power and memory. Flop Labs noted that Nvidia’s quarterly data center revenue reached $89 billion, growing 117% year-over-year, yet users still often need to contact sales teams to inquire about hourly GPU computing power prices. The project aims to make computing power publicly priced and traded like commodities such as oil and grain, enabling AI agents to purchase computing power directly from miners, while validators re-execute partial computational tasks to verify the work provided by miners. Its core mechanism revolves around "Proof of Useful Inference": miners supply GPU computing power to process AI inference requests, validators check the computational results, and AI agents use FLOP to pay for computing power and related resources. Currently, Flop is still in its early stages; the project previously announced plans for a large-scale FLOP airdrop in the fourth quarter of 2026, and to launch its genesis block in the first quarter of 2027.