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I just saw a news that Permian Labs received investment from Coinbase Ventures.
What are they doing? In simple terms, they are bringing physical assets like GPU computing power onto the blockchain for collateral financing. The core logic is to build a structured credit system that channels liquidity from DeFi into real-world computing resources through a verifiable collateral mechanism.
The computing power financing sector has been quite hot recently. The demand for AI training is apparent, and GPU resources are both expensive and scarce. Utilizing on-chain credit to activate these hardware assets is indeed an interesting approach. Coinbase Ventures' involvement this time is likely because they see potential in the combination of RWA and DeFi.