Arthur Hayes revealed the derivatives market design for Flop Network and how he expects its native token could transform AI compute into a tradable commodity.
BitMEX co-founder and Flop Labs CEO Arthur Hayes shared new details about the Flop Network and how he expects its native token could turn AI computing power into a tradable commodity, two days after selling his altcoin holdings.
Hayes proposed measuring the computing power delivered for each AI inference task and using transaction data to derive a spot price for compute denominated in Flop (FLOP) tokens. He cited a lack of a universal benchmark price for AI computing power.
“If Flop becomes the payments network for AI agents, then it follows that the $FLOP/compute exchange rate will be the global benchmark for spot compute,” wrote Hayes in a Monday Substack essay, adding that a liquid spot compute market would enable derivatives based on that price.
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