Overview

Hyperbolic.xyz, also referred to as Hyperbolic Labs, is an open-access AI cloud platform focused on creating decentralized, verifiable, and cost-effective AI infrastructure. The platform aggregates idle computing resources to democratize AI development, making high-performance GPU access and AI services affordable and accessible.

The project emphasizes decentralization, trustless computation, and innovative technologies to enable the next generation of scalable AI applications.

Key Services

1. GPU Marketplace

   • Offers affordable, on-demand GPU access with diverse rental options.

   • Trusted by academic institutions like Cornell, NYU, and Stanford.

   • Transitioned from alpha to beta phase with growing adoption:

     • Over 10,000 GPUs rented.

     • More than 1,000 users.

     • 33,000 GPU hours processed.

2. AI Inference Services

   • Hosts open-source AI models for tasks like text-to-text and text-to-image inference.

   • Provides access to cutting-edge models for rapid experimentation.

3. AgentKit

   • Introduced as the first AI agent equipped with its own computer.

   • Represents a pioneering approach to autonomous, decentralized AI agents.

Technological Innovations

1. Proof of Sampling (PoSP)

   • Developed with researchers from UC Berkeley and Columbia.

   • Ensures scalable, secure, and fraud-resistant AI operations.

   • Functions as an Actively Validated Service (AVS), optimizing security, efficiency, and scalability.

2. Decentralized AI Infrastructure

   • Aims to remove reliance on centralized systems, introducing trustless and verifiable AI computation.

   • Enables verifiable inference to ensure transparency and data integrity.

3. Secure Multiparty Learning (SpML)

   • Enhances privacy and confidentiality in decentralized AI computations.

Investors

Hyperbolic has raised significant funding through multiple rounds, attracting an impressive list of investors:

1. Pre-Seed Round (January 2023)

   • Amount Raised: $725,000

   • Investors:

     • Samsung NEXT (also an investor in Theta Labs)

     • Other pre-seed investors include: Chapter One, Modular Capital, Blizzard Fund by Avalanche, IMO Ventures, SNZ Holding, Ausvic Capital

2. Seed Round (July 2024)

   • Amount Raised: $7 million

   • Lead Investors: Polychain Capital, Lightspeed Faction

   • Participating Investors: Chapter One, LongHash Ventures, Bankless Ventures, Republic Digital, Nomad Capital, CoinSummer Labs, Third Earth Capital

   • Angel Investors: Balaji Srinivasan, Illia Polosukhin, Sandeep Nailwal, Casey Caruso, Tekin Salimi, Santiago Santos

3. Series A Round (December 2024)

   • Amount Raised: $12 million

   • Lead Investors: Variant, Polychain Capital

   • Participating Investors: Chapter One, Lightspeed Faction, Bankless Ventures, IOSG, Vertex, GSR, Wintermute Ventures, Blockchain Builders Fund, Alumni Ventures, Ambush

   • Angel Investors: Sreeram Kannan (EigenLayer), Devin Walsh (Uniswap Foundation), Ethan Sun (MyShell), Daniel Shorr (Modulus), Nicola Greco (Protocol Labs)

The Team

Hyperbolic’s leadership comprises a distinguished group of experts in AI, blockchain, and technology development:

Founders

• Dr. Jasper (Yue) Zhang – Co-Founder & CEO

  • Completed a Math Ph.D. at UC Berkeley in two years.

  • Gold Medalist at the Alibaba Global Math Competition and Chinese Mathematical Olympiad.

  • Previously worked at Ava Labs and Citadel Securities.

• Dr. Yuchen Jin – Co-Founder & CTO

  • Led Relax, an innovative AI compiler within Apache TVM.

  • Holds a Ph.D. in Computer Science from the University of Washington, with publications at top conferences like ICLR and SIGCOMM.

Key Team Members

• Matthew Epps – Lead Frontend Engineer

  • Former Senior Engineer on the MetaMask Portfolio team.

  • B.A. in Economics from the University of Chicago.

• Joelly Gloria – Marketing Lead

  • Launched consumer products at Louis Vuitton, IBM, and Ava Labs.

  • Holds a B.S. in Marketing and Data Analytics from NYU.

• Jeremy Hazan – Business Operations Lead

  • Dual master’s in Information Science from Cornell.

  • Co-founded the Cornell Tech Blockchain Club.

• Christian Ondaatje – Founding Platform Engineer

  • Specialized in decentralized Kubernetes and large-scale crypto mining.

  • B.A. in Computer Science from Harvard College.

• Viktor Lantos – Senior Full-Stack Engineer

  • Fintech background, now focused on decentralized AI.

Advisors

• Prof. Ciamac C. Moallemi – Advisor

  • Professor at Columbia University and Research Advisor at Paradigm.

• Reynold Xin – Advisor

  • Co-Founder of Databricks and main contributor to Apache Spark.

• Prof. Raluca Ada Popa – Advisor

  • Professor at UC Berkeley specializing in secure AI and cryptography.

• Prof. Yi Ma – Advisor

  • Chair Professor in AI at Hong Kong University and Professor at UC Berkeley.

Community and Partnerships

• Active collaborations with academic institutions such as Cornell, UC Berkeley, NYU, and Stanford.

• Partnerships and engagement with DAOs and blockchain-focused entities, including @ai16zdao, @irys_xyz, and @LitProtocol.

Notable Connections

• Samsung NEXT, an investor in Hyperbolic, is also a prominent backer of Theta Labs, highlighting potential synergies in the decentralized AI and blockchain space.

• A vigilant community member recently pointed out that Jieyi Long, the CTO of Theta Labs, follows the Hyperbolic X (formerly Twitter) account, indicating possible alignment or interest between the two projects.

Sentiment and Perception

Community Sentiment and Online Discourse Surrounding Hyperbolic.xyz

The online discourse surrounding Hyperbolic.xyz, particularly on X (formerly Twitter), reflects a predominantly positive sentiment. Discussions about the project frequently highlight its innovative approach to decentralized, verifiable, and cost-effective AI infrastructure, showcasing the community's enthusiasm for its potential.

• Positive and Neutral Chatter: Most posts highlight Hyperbolic’s innovative technology, including its GPU marketplace, AgentKit, and PoSP framework. These discussions emphasize the project's leadership in decentralized AI infrastructure.

• Lack of Significant Criticism: There is minimal evidence of widespread or vocal criticism on X. Any feedback tends to be constructive rather than overtly critical, suggesting that Hyperbolic is effectively managing its reputation and addressing community concerns.

• Engagement as a Strength: The team’s active communication and transparency appear to have mitigated potential criticisms, fostering trust and goodwill within their community.

• Partnerships and mentions alongside entities like @ai16zdao, @irys_xyz, and @LitProtocol suggest a robust network of collaborations and shared interests.

Important Note

Online discourse, whether positive or negative, should not be regarded as definitive evidence of a project's actual potential or success. The presence of positive commentary and the absence of criticism do not necessarily correlate with a project's viability or future performance. Observations and opinions shared online are subjective and may not reflect the full scope of the project's strengths, challenges, or long-term prospects. Always consider multiple sources and conduct thorough research for a balanced perspective.

Funding and Growth

• Total funding to date: $20 million across Pre-Seed, Seed, and Series A rounds.

• Plans to launch its own blockchain in 2025 to further its vision of collectively governed AI.

Getting Started

• Users can create an account at app.hyperbolic.xyz to explore services.

• New users receive $10 in credits for GPU rentals, with access to a user-friendly AI Dashboard and ecosystem.

Conclusion

Hyperbolic.xyz is pioneering a new era in AI and blockchain by combining cutting-edge technologies with a decentralized infrastructure. With strong investor backing, a growing community, and increasing adoption, Hyperbolic is set impact how AI is accessed and developed globally. The notable connections to Theta Labs (Samsung NEXT being a mutual investor and Jieyi following Hyperbolic on X) underscore the project's potential to partner with or leverage Theta Network technology. We will have to continue to monitor project execution and how their token generation event goes.

Disclaimer: None of this is financial or professional advice. Always do your own research and consult trusted advisors. Keep your fiat in your Deep State-controlled bank accounts where it is nice and safe.

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One of the most significant emerging trends of 2024 has been the interplay between artificial intelligence (AI) and the crypto ecosystem. Historically this has primarily been on the infrastructure side, affecting various layers of the stack such as decentralized compute, storage and model training and inference. However, the last few months the crypto x AI crossover has taken stage front and center as agents have surfaced and are multiplying by the thousands. While the AI agent narrative has taken up a lot of mindshare of late, we've barely scratched the surface of what we're going to see in 2025.

What are AI agents?

AI agents are autonomous programs designed to perform specific tasks. This could be as simple as sharing memes on X, all the way to complex on-chain transactions optimizing trade execution or yield farming strategies. Unlike standard bots, AI agents can learn best practices over time and make undefined decisions to meet predefined goals. Think of them as highly skilled, evolving crypto participants capable of navigating the digital economy autonomously.

The value of AI agents lies not just in their utility but in their potential to scale human capabilities. Agents are no longer just tools — they are emerging as participants in the on-chain economy, driving innovation across finance, gaming and decentralized social platforms. With protocols such as Virtuals and open-source frameworks like ELIZA, it’s becoming increasingly simple for developers to build, deploy and iterate AI agents that serve an increasingly diverse set of use cases.

Emerging applications of AI agents

This year offered glimpses of the potential applications for AI agents. From the bizarre rise of the Goatseus Maximus ($GOAT) memecoin to the rapid growth of agent-led experiments, AI agents are beginning to reshape how we interact with technology, culture and finance. Terminal of Truths (ToT) , an AI agent trained on a satirical internet religion, received a grant from prominent venture capitalist Marc Andreesen and amassed over 200,000 followers becoming crypto’s first AI KOL (key opinion leader) and millionaire as it drove $GOAT to a market cap of more than $1 billion.

While ToT might feel like an anomaly, it serves as a proof of concept for how AI agents can drive community-building, capture attention and fuel the next generation of on-chain activity. Since then over 11,000 agents have launched on the leading platform Virtuals, which may seem like a lot yet pales in comparison to pump.fun which is averaging 4x that every single day. While most of the agents launched are simple bots that simply propagate memes, we’re also seeing agents such as aixbt, which provides sophisticated investment research, and zerebro, which creates unique digital art. These applications may appear niche, but they offer a glimpse into the growing design space for AI agent innovation.

Why crypto is the frontline for AI agent development

Unlike the core foundational AI models that are developed behind the walled gardens of OpenAI and Anthropic, AI agents are being innovated in the trenches of the crypto world. And for good reason. Blockchains provide the ideal infrastructure as they offer permissionless and frictionless financial rails, enabling agents to seed wallets, transact and send funds autonomously — tasks that would be unfeasible using traditional financial systems.

In addition, the open-source nature of crypto allows developers to leverage existing frameworks to launch and iterate on agents faster than ever before. With more no-code platforms like Top Hat gaining traction, it’s only getting easier for anyone to be able to launch an agent in minutes. Add in the financial incentive in which agents that gain traction tend to have a rise in price similar to your run-of-the-mill memecoin, potentially making the creator huge amounts of money, and you can see how this environment is ripe for attracting talent and accelerating progress.

What AI agents will do in 2025

If 2024 laid the foundation for AI agents, 2025 will be the year they scale. Three trends will drive this evolution:

First, agent-to-agent and human-to-agent interactions will proliferate. Decentralized social platforms like Warpcast have already shown how agents can launch tokens, trade autonomously and interact with communities. As tools for creating agents become more accessible, these interactions will become a defining feature of the on-chain experience.

Second, AI agents will dominate financial activity on-chain. As developers build agents capable of optimizing trades, managing wallets and automating yield strategies, the financial infrastructure of crypto will become increasingly autonomous. Blockchain’s efficiency, combined with agents’ adaptability, will position crypto as the preferred environment for financial AI.

Finally, agent-led ecosystems will reshape gaming and entertainment. Projects like Wayfinder and Echelon Prime’s Parallel Colony point to a future where AI agents not only participate in games but also manage assets, coordinate strategies and drive entire in-game economies. These agents will blur the lines between players, developers and automated participants, creating new dynamics for virtual worlds.

The rise of AI agents marks a new chapter for both artificial intelligence and blockchain technology. While the applications we’ve seen so far — from memecoins to agent-led communities — may feel experimental, they mark a preview of the impact these agents will have as they scale.

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