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Interview with Michael Heinrich, CEO of 0G Labs
"Computing resources will become a commodity, like oil or electricity."
Michael Heinrich, co-founder and CEO of 0G LABS, met with reporters on the 30th at the 'Korea Blockchain Week' (KBW) event held at a hotel in Gwangjin-gu, Seoul, and said, "The era will come when we can acquire, hold, or trade computing resources as needed."
0G Labs is a company that builds AI-dedicated infrastructure to enable blockchain verification of the process by which artificial intelligence (AI) processes data and utilizes computing resources.
In particular, 0G Labs' 'Compute Finance' allows users to deposit assets into the 0G network and secure rights to computing resources.
Users stake on the network to receive 'aOG' tokens, which can then be used to access computing resources or participate in related transactions.
CEO Heinrich said, "It's a system where you receive computing resources daily by holding tokens. We aim to enable the efficient use of all AI-related computing resources through these tokens."
He added, "Such a method is difficult to implement in a centralized manner. Unlike a blockchain structure with diverse participants, a centralized method has low reliability because a few rights holders can alter records."
The plan to launch the dollar stablecoin 'USDZ' was also announced.
CEO Heinrich explained, "USDZ, scheduled to launch next month, will be central to the 0G ecosystem. It is expected to offer an 8% yield just by holding it, and it can also be converted with other stablecoins like Tether (USDT)."
He also left the door open for the possibility of a Korean Won-based stablecoin.
He stated that there's no reason to be limited to a specific currency, adding, "The Korean Won is no exception."
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