According to a ChainCatcher report, TON token treasury company AlphaTON Capital Corp has signed a $46 million computational infrastructure agreement to purchase 576 NVIDIA B300 chips to expand Cocoon, a decentralized, Telegram-native AI platform. The transaction includes $4 million in cash, $32.7 million in financing, and $9.3 million in equity. Built on the TON blockchain, Cocoon allows users to rent out their GPU processing power to meet platform demand and earn Toncoin rewards. It is positioned as a privacy-focused decentralized AI alternative, distinct from large tech platforms such as Google Gemini or OpenAI ChatGPT. The chips are expected to be delivered in February.
AlphaTON Invests $46M in Compute Infrastructure to Expand Cocoon AI on TON
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Summary
AlphaTON Capital Corp announced $46 million in computational infrastructure funding for Cocoon AI, an on-chain news highlight in AI + crypto news. The deal includes 576 NVIDIA B300 chips, $4 million in cash, $32.7 million in financing, and $9.3 million in equity. Built on TON, Cocoon allows users to rent GPU power in exchange for Toncoin rewards. The chips are expected to arrive in February.
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