{"id":"L5gV-C6Uh3k","title":"Why Compute Will Be the Currency of the Future","description":"Compute is set to become the currency of the future. Imagine a market with index ETFs, perpetual staking, and lending – the potential is huge. However, the first step is creating an on-chain representation to transfer ownership, since physically transferring compute isn't practical due to its heavy, fragile nature. Blockchain is essential for this.\n\n#NEARAI #NEARprotocol #Computelabs #UserOwnedAI #NEARAIofficehours #ComputeCurrency #Blockchain #Financialization #ETFs #FutureTech","channel_name":"NEAR Protocol","published_at":"2024-06-18T00:00:00.000Z","thumbnail_url":"https://img.youtube.com/vi/L5gV-C6Uh3k/hqdefault.jpg","transcript_text":"which is why we're thinking uh we want to focus on the financialization of this entire computer asset because we both know computer is going to be the try of the future and when we're talking about the financialization or derivatives they're going to be like index ETF Perpetual sticking Landing uh sort of things and we feel like that market will be huge but of course the foundation or the first step will be that we have to have this alching representation or like how we can transfer the owner ship of that compute because physically it's just not feasible to transfer compute using just regular sary Marketplace since it's heavy it's hard to be shipped and also easy to be broken which is why uh we feel like using blockchain technology to build this scap for compute as underlying asset makes a lot of sense","transcript_synced_at":"2026-11-03T05:48:42.209Z","segments":[{"start_seconds":0,"text":"which is why we're thinking uh we want to focus on the financialization of this entire computer asset because we both know computer is going to be the try of","url":"https://www.youtube.com/watch?v=L5gV-C6Uh3k&t=0s"},{"start_seconds":8,"text":"the future and when we're talking about the financialization or derivatives they're going to be like index ETF","url":"https://www.youtube.com/watch?v=L5gV-C6Uh3k&t=8s"},{"start_seconds":16,"text":"Perpetual sticking Landing uh sort of things and we feel like that market will be huge but of course the foundation or","url":"https://www.youtube.com/watch?v=L5gV-C6Uh3k&t=16s"},{"start_seconds":23,"text":"the first step will be that we have to have this alching representation or like how we can transfer the owner ship of","url":"https://www.youtube.com/watch?v=L5gV-C6Uh3k&t=23s"},{"start_seconds":30,"text":"that compute because physically it's just not feasible to transfer compute using just regular sary Marketplace","url":"https://www.youtube.com/watch?v=L5gV-C6Uh3k&t=30s"},{"start_seconds":37,"text":"since it's heavy it's hard to be shipped and also easy to be broken which is why uh we feel like using blockchain","url":"https://www.youtube.com/watch?v=L5gV-C6Uh3k&t=37s"},{"start_seconds":45,"text":"technology to build this scap for compute as underlying asset makes a lot of sense","url":"https://www.youtube.com/watch?v=L5gV-C6Uh3k&t=45s"}],"youtube_url":"https://youtube.com/watch?v=L5gV-C6Uh3k","url":"https://near-pedia.xyz/videos/L5gV-C6Uh3k"}