Arthur Hayes announced that Flop Labs will launch its testnet and distribute FLOP tokens on November 24. The token is intended to let artificial intelligence agents pay for inference requests and data storage, while miners earn it by supplying graphics processors. Flop Labs uses a “proof of useful inference” system in which validators confirm that requests have been processed. On November 9, a developer demonstrated FLOP mining on an Nvidia RTX 5080, with 12 transactions recorded on the blockchain and no failures. The project remains incomplete because no token has yet been created, and the protocol’s allocation, verification and whitepaper details have not been published.
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