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Arthur Hayes announced the launch of a new project, Flop Network, and will personally lead the Flop Labs team.

18 Aug, 2026byDropsTab
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Project idea: AI agents currently don't have their own currency for settling transactions among themselves, and the FLOP token is intended to become such a currency. Agents will pay in FLOP for computations (inference) and for storing memory on the decentralized network.

How the system works:

  • Miners provide computing power and receive FLOP in return;
  • Validators verify that miners have performed their work honestly and also store agents' memory—FLOP is also awarded for this;
  • Agents spend FLOP on computations, memory storage, and settlements among themselves;
  • Opinion leaders and community partners receive rewards for attracting new participants.

There will be no presale or venture investors—the token will be distributed through an honest launch. A large airdrop is planned for the fourth quarter of 2026, and the network itself will become operational in the first quarter of 2027.

Continue reading this article on source: x.com