AI Compute Financialization: Open Models Push Compute to Capital Markets

The notable claim is that crypto is doing the standardizing work for GPU credits, prepaid service rights and inference revenue rights before traditional finance builds the plumbing. That matters less as a crypto story than as a market-structure one: whoever sits on physical order flow captures value early, which is a dealer economics argument, not a token argument. Whether these instruments stay crypto-native or get absorbed into conventional venues is the open question, and it hinges on whether the underlying compute contracts standardize at all.