1.1 Background and Opportunities

With the rapid advancement of artificial intelligence (AI) technology, global demand for computing resources has surged dramatically. The AI computing market has been dubbed “the oil of the future” (Forbes, 2023), with the AIGC (AI-Generated Content) industry experiencing particularly high demand for computing power, spanning applications such as text-to-video generation, script automation, and virtual reality content creation. However, the traditional computing market faces significant challenges: insufficient computing supply, low resource utilization (U.S. data centers operate at only 12-18% utilization, Forbes, 2023), limited global supply chains, and high computing rental costs. These issues constrain the further development of the AIGC industry and create a historic opportunity for the rise of decentralized computing networks. The progress of blockchain technology provides a new pathway to address these challenges. Through distributed ledgers, smart contracts, and decentralized governance, blockchain not only optimizes the allocation of computing resources but also incentivizes global user participation in computing resource sharing via token economics. Fengyacloud, in collaboration with the Singapore Star Foundation, has launched the Fengyacloud Global Supercomputing Blockchain, aiming to procure computing power from 20 countries and regions worldwide, support the AIGC industry, and enable global users to participate in the blockchain’s ecosystem development. With blockchain technology at its core, we create an ecosystem that benefits both investors and users, delivering value to global users and investors alike.