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ByteTrade Lab is a Singapore-based Web3 infrastructure builder and venture studio. Its core product, Olares OS, is an open-source, decentralized personal AI operating system running on a network of personal servers controlled by users' private keys. The system integrates hardware (such as Olares One), hybrid inference, execution sandboxes, and an agent-to-agent payment layer, aiming to give users full ownership of their data and participate in a privacy-first AGI ecosystem. ByteTrade Lab also incubates early-stage decentralized applications to advance the Web3 ecosystem.
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About ByteTrade
ByteTrade is building a decentralized value exchange infrastructure focused on returning data ownership to users. Its core offering is the BEC architecture, which places edge nodes between blockchain and user clients. These personal nodes, controlled by private keys, store critical personal data and act as personal computing nodes, enabling peer-to-peer interaction without relying on centralized service providers.
The company's flagship product, Olares OS, is an open-source operating system designed for edge nodes. It supports local AI model deployment, private data processing, and one-click installation of 200+ applications. Complementing this are EchoKit, a toolkit for building interactive AI agents, and Otomic, a payment network for agent-to-agent transactions based on stablecoins.
The market pain point ByteTrade addresses is the inability of current blockchain scalability to support mainstream Web2.0 services, which require high computational power. This limits user engagement and keeps Web3 applications overly finance-focused. ByteTrade's solution enables decentralized versions of social media, video streaming, and cloud storage, allowing users to own and profit from their data while enjoying services comparable to Web2.0.
In the past six months (2026-02-28 to 2026-08-29), ByteTrade launched Olares One, a physical device that achieved over $850K in pledges within a week of its Kickstarter campaign. The company also released EchoKit and expanded its ecosystem with new developer tools. No significant negative events were reported during this period.
ByteTrade Lab, founded in 2018, focuses on decentralized value exchange infrastructure. Key milestones include: In June 2023, it completed a $50 million Series A round backed by SIG Asia and others. In April 2023, it established a long-term partnership with UC Berkeley's DeFi research program. In November 2023, it led an investment in Waterfall. In September 2024, its product Olares One surpassed $1 million in Kickstarter orders within a week. These events mark its evolution from infrastructure development to ecosystem expansion and product validation.
Over the past six months (2026-03-02 to 2026-09-02), ByteTrade has focused on advancing its decentralized value exchange infrastructure, with key progress centered on the Olares ecosystem. The Olares One device, a keystone project for private AI, gained significant market traction, surpassing $850k in Kickstarter pledges with 290+ backers, signaling strong demand for user-owned AI hardware. The company also deepened its academic partnership with UC Berkeley to explore decentralized AI architectures, aligning with its vision of returning data ownership to users.
Looking ahead, ByteTrade's official roadmap emphasizes building a 'Private AGI Ecosystem'—integrating Olares OS as an open-source operating system for personal AI, alongside tools like LarePass for identity management and EchoKit for local AI deployment. The company prioritizes the development of Otomic, a payment network for agent-to-agent transactions using stablecoins, and Gaia, a decentralized inference network. These initiatives aim to create a full-stack infrastructure where AI agents operate autonomously, securely, and privately, moving beyond centralized cloud dependencies.
ByteTrade's co-founders and core executives are Lucas Lu (CEO) and Frank Hu (COO).
Lucas Lu, co-founder and CEO, holds a PhD in Physics from Southern Methodist University and a BS from University of Science and Technology of China. He previously served as CEO of 5Miles, CTO of LightInTheBox, General Manager of Taobao Marketplace, and Head of Wireless at Alibaba, driving mobile and e-commerce innovations.
Frank Hu, co-founder and COO, has over 15 years in mobile and social networking. He founded U+ Network (a leading audio social app with 80M+ users) and Vogins Technology (acquired by MediaTek). Earlier, he held senior roles at Linktone and Cybernerv, focusing on business development and technical strategy.