Pearl ($PRL): “Bitcoin” for the AI Era? — In-Depth Research Brief
1. Project Positioning Pearl is an independent Layer 1 blockchain developed by Pearl Research Labs, with its mainnet launching on April 27, 2026. At its core is **Proof of Useful Work (PoUW)**, which replaces the useless hash computations of traditional PoW with a core AI model operation—matrix multiplication (MatMul/GEMM). The project calls itself “Bitcoin for AI,” aiming to let GPUs perform AI inference/training while also contributing to network consensus and security—so that “one GPU earns twice.” It is not a general-purpose smart contract platform or an agent platform, but a hard-capped, no-premine PoW chain. Its positioning is closer to early Bitcoin as “hard money/a store of value,” but tied to the narrative of AI computing power.
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