Inventory of 6 Encryption Projects Joining NVIDIA Inception Program

Original author: Jiang Haibo, PANews

Original author: Jiang Haibo, PANews

NVIDIA's GPUs and AI chips dominate the training of AI models. After releasing its financial report for the first quarter of this year, Nvidia became the first chip company with a market value of more than $1 trillion, and the seventh company to unlock a trillion-dollar market value after Meta, Amazon, Microsoft, Alphabet, Apple and Tesla .

Flux

Which projects in the encryption market are related to Nvidia? NVIDIA has a business incubation program - NVIDIA Inception, which aims to support and accelerate start-ups in the field of artificial intelligence and data science, providing start-up companies with resources including technical guidance, deep learning training, hardware and software support, marketing and business network and support. The following PANews will take stock of the encrypted native projects that have joined the NVIDIA Inception plan.

Flux is a blockchain network whose consensus is adapted from the "Proof of Work" mechanism, and plans to launch the "Proof of Useful Workload" (PoUW) mechanism in the third quarter of this year.

Miners in Flux spend their GPU hardware securing the network, and in return, miners also earn block rewards. At the same time, miners are able to use their GPU mining machines for computationally intensive tasks such as artificial intelligence, deep virtual detection, rendering, etc., generating additional income. Miners can automatically switch between mining and performing PoUW tasks on demand, optimizing profitability.

Flux joined the NVIDIA Inception program in January 2022, and Flux also uses the NVIDIA Jetson edge artificial intelligence platform module in its own computing network as a node in the Flux network.

iExec

As of June 16, Flux’s native token, FLUX, had a market capitalization of $120 million.

iExec has developed a decentralized computing resource marketplace where users can buy and sell computing resources, turning cloud computing capabilities into commodities. Users can obtain GPU computing resources from multiple providers on-demand through the iExec cloud market, which is especially important in fields requiring high computing requirements such as artificial intelligence and deep learning.

The project joins the NVIDIA Inception program in October 2022, hoping to gain expertise and experience in GPU computing.

Shapeyard

iExec issued a token RLC with a current total market capitalization of $104 million.

Inventory of 6 Encryption Projects Joining the NVIDIA Inception Program

Shapeyard has developed a mobile app that includes a variety of 3D models, texturing tools and a 3D market model. Using a "what you see is what you get" approach, it is able to generate digital assets through simple placement and color filling, and the application also allows designers to import the created models into 3D printing software.

Shapeyard joined the NVIDIA Inception program in October 2022, hoping to integrate its own products into the NVIDIA Omniverse platform to build 3D digital assets and export scenes with a common scene description file framework.

dotmoovs

Currently Shapeyard's NFT minting and trading features are under development.

Inventory of 6 Encryption Projects Joining the NVIDIA Inception Program

dotmoovs joined the NVIDIA Inception program in June, looking to shape the future of sports through cutting-edge AI solutions.

Kondux

dotmoovs issued the token MOOV, which currently has a total market value of $4.81 million.

Inventory of 6 Encryption Projects Joining the NVIDIA Inception Program

Kondux will join the NVIDIA Inception program in September 2022, and NVIDIA Omniverse-related hardware and software will provide Kondux with the tools needed to enable high-level API connections to create interoperable 3D assets, manufacturing models, and machine learning applications.

Ubex

Kondux issues NFT and ERC-20 tokens KNDX, and the current total market value of KNDX is $1.94 million.

Inventory of 6 Encryption Projects Joining the NVIDIA Inception Program

Ubex issued the token UBEX, but the current total market value is only 154,000 US dollars.

summary

summary

Among the above projects, Flux and iExec, which trade GPU computing power, have developed relatively well. As AI develops, there may be demand for a decentralized market for GPU computing power. However, there are not many combination points between metaverse, NFT projects and GPU, and the value has also returned significantly in the current bear market environment.