Arthur Hayes unveils FLOP tokenomics and proof of inference network

Arthur Hayes has released the FLOP Network technical paper detailing a proof-of-useful-inference blockchain for AI agents, with a genesis supply of approximately 2.48 billion FLOP tokens allocated through airdrops. Summary Arthur Hayes has released the FLOP white paper detailing a blockchain where AI agents pay miners in FLOP for inference and computing resources. FLOP will launch with approximately 2.48 billion tokens allocated through airdrops, with no venture capital premine or token auction. Miners will receive 75% of block rewards, while validators and agents each receive 10% and regular stakers receive 5%. Block rewards will start at 96 FLOP and halve every 730 days until reaching a permanent reward of 3 FLOP. According to the FLOP Network details shared by Hayes, the protocol is designed to let autonomous AI agents pay miners directly for inference, with validators settling proofs of the completed computational work. FLOP, short for floating-point operations, serves as the native currency of the network. Under the proposed system, an agent can spend FLOP whenever it requires computing resources, allowing the token to function as payment for AI inference. The latest specifica...