Answers
What is decentralized compute?
The answer
Decentralized compute is processing power — GPU time, inference capacity, specialized workloads — bought and sold across open networks of independent operators rather than rented from a single cloud. In an AI economy where compute is the binding constraint, it is the market mechanism forming around the scarcity.
The economics are straightforward: idle capacity exists everywhere — datacenters between contracts, mining fleets repurposing, regional operators outside the hyperscale map — and AI demand outstrips the clouds' ability to allocate it. Open compute markets match the two, with verification of work done playing the role settlement plays in any commodity market.
The firm's portfolio spans the thesis: Alpaca Network building decentralized AGI compute, SingularityNET operating the decentralized AI services marketplace, and HyperCycle supplying the machine-to-machine settlement such markets clear across. Coverage prices these as infrastructure — utilization, verification integrity, and unit economics per workload.