BitMEX co-founder Arthur Hayes said at Korea Blockchain Week 2026 that no existing cryptocurrency, including Bitcoin and stablecoins, can truly serve as a native currency for AI agents. In his view, a currency used by agents must be able to convert directly and transparently into the computing power those systems need to survive and operate. Hayes is now backing a new project called Flop Network, which aims to build a spot compute and payments network designed for AI agents. The project plans to use FLOP as its native currency and connect agents with GPU compute providers through verifiable AI inference tasks. Hayes said the effort is still in its early stage, according to the report cited by Techub News.
BitMEX co-founder Arthur Hayes said at Korea Blockchain Week 2026 that no existing cryptocurrency, including Bitcoin and stablecoins, can truly function as a native currency for AI agents.
He said a currency for agents should be able to convert directly and transparently into the computing power they need to survive.
Flop Network targets compute spot trading and payments
Hayes is backing a new project, Flop Network, which is intended to build a spot compute and payments network for AI agents. The network plans to use FLOP as its native currency and link agents with GPU compute providers through verifiable AI inference tasks.
The project is still at an early stage.
The report was attributed to Wu Blockchain.
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