New market for Nvidia GPU derivatives is introduced by Injective
In a groundbreaking move, Injective, a leading decentralized finance (DeFi) platform, has filed a staked exchange-traded fund (ETF) for INJ and introduced the world's first on-chain market to trade rental prices for Nvidia’s H100 GPUs[1][2][5]. This innovative market enables perpetual futures trading with up to 5x leverage on GPU rentals, powered by real-time price data from leading cloud providers integrated via Squaretower’s oracle network[1][2][5].
This significant step merges AI and DeFi in a novel way, creating the world's first on-chain market for trading AI compute infrastructure components[1][2]. The launch is expected to have a substantial impact on tokenizing real-world infrastructure, as Injective pioneers the transformation of physical AI compute resources into liquid, tradable financial instruments on blockchain[1][2][3].
By bringing Nvidia H100 GPU pricing on-chain and enabling its trade, Injective facilitates new opportunities for market participants to speculate, hedge, and innovate around AI compute demand—a market predicted to exceed $280 billion in the next five years[2][4]. This initiative not only signals the growing integration of AI and blockchain finance but also marks a critical step towards tokenizing the world's infrastructure, fostering decentralized trading of fundamental technology assets underlying the AI revolution[1][2][5].
Injective's broader strategy includes tokenizing various asset classes, including stocks, commodities, and foreign exchange, enhancing liquidity and accessibility for traditionally illiquid or complex assets[1][3][5]. The platform has already introduced onchain stocks for companies like Nvidia, Meta, and Robinhood, as well as iAssets offering commodities such as gold and silver, and foreign exchange markets[1][3].
The Canary Capital Staked INJ ETF has also been announced, further growing Injective as a tokenized assets platform[6]. Onchain AI agents are being used in predictive analytics, automated trading, cross-chain execution, and multi-agent collaboration, with projects like iBuild and iAgent SDK being developed to bridge AI and crypto[7]. In July, Injective unveiled onchain SBET, the first onchain digital asset treasury[8].
This innovation illustrates a landmark shift in how critical technological infrastructure—such as AI compute power—can be financially engineered and traded transparently on decentralized platforms. As Wall Street continues to push into on-chain finance, tokenized assets have doubled in a year, indicating a growing trend towards decentralized finance solutions[9].
References: 1. Injective Protocol 2. CoinDesk - Injective Launches First On-Chain Market for Nvidia H100 GPU Rentals 3. Decrypt - Injective Is Pioneering the Tokenization of AI Infrastructure 4. MarketsandMarkets - AI Chip Market is Expected to Grow to $280 Billion by 2026 5. Squaretower - Injective Launches First On-Chain Market for Nvidia H100 GPU Rentals 6. Cointelegraph - Canary Capital Launches Staked INJ ETF on Injective Protocol 7. Injective Protocol - AI & Crypto 8. CoinDesk - Injective Unveils On-Chain Digital Asset Treasury 9. CoinDesk - Tokenized Assets Have Doubled in a Year as Wall Street Pushes into On-Chain Finance
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