Injective has announced the launch of the first derivatives market based on Nvidia GPUs, allowing traders to trade rental prices of H100 chips.
First GPU Derivatives Market
On August 18, Injective announced the launch of the first derivatives market for Nvidia GPUs, providing the opportunity to trade rental prices for H100s. The rental market for H100 is expected to grow to over $280 billion in the next five years.
Technological Collaboration with Squaretower
The derivatives market will be powered by Squaretower, which transforms AI computational power into tradable assets. Squaretower will provide real-time rental price updates for H100 from top computing service providers.
Development of Injective's Infrastructure
The launch of the H100 rental market is part of Injective's ambition to evolve asset tokenization. The platform has already introduced projects aimed at bridging AI and crypto and offers trading based on assets such as gold, silver, and currency pairs.
The launch of the first derivatives market for Nvidia H100 rental prices showcases Injective's commitment to innovation in asset tokenization, providing traders with new opportunities for speculation and hedging.
