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Arthur Hayes Unveils Flop Network Tokenomics
BitMEX co-founder Arthur Hayes has proposed a new financial contract, the Flop Network, which would allow traders to bet on or protect against changes in artificial intelligence (AI) computing power. The Flop Network's token, $FLOP, can be exchanged for compute measured in floating point operations per second (FLOPS). Hayes argues that no single global price exists for compute, and his proposal aims to create a global benchmark for AI compute pricing. The Flop Network is expected to launch in the first quarter of 2027.