Multicoin wants to turn AI chips into collateral for crypto’s next lending boom

Multicoin Capital partner Shayon Sengupta wants AI companies to borrow stablecoins against GPUs and future computing revenue. In an Oct. 8 research note , Sengupta proposed creating blockchain-based markets where ownership claims on computing hardware, future data center capacity, and customer payments could be traded or pledged as collateral. The proposal comes as AI infrastructure borrowing accelerates, creating opportunities for decentralized finance (DeFi) protocols to provide capital to companies struggling to fund expensive computing equipment.

Source: CryptoSlate