Arthur Hayes details Flop Network vision to tokenize AI computing power after altcoin sale

Former BitMEX co-founder Arthur Hayes proposes a system where AI computing power is measured per inference task and priced in Flop (FLOP) tokens, aiming to create a global benchmark for AI compute. He argues this would enable a liquid spot market and derivatives, citing BCG's projection that AI compute could reach $2.3 trillion by 2030. Flop Labs is developing a network for AI agents to pay for computing and decentralized memory services.