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About GM Labs
GM Labs develops GM Network, a Layer 2 blockchain on Ethereum tailored for AI and DePIN (Decentralized Physical Infrastructure Networks). Its core business is providing a gasless, modular L2 platform where users and devices can transact without paying network fees. The main narrative is "consumer AIoT" — combining AI with IoT devices (like smartwatches) to create a decentralized ecosystem for personal AI agents and physical infrastructure.
It solves the market pain point of high transaction costs and poor user experience in blockchain, making it easier for everyday users to interact with Web3. By using GM ID for unified identity and chain abstraction, it simplifies cross-chain operations.
In the past six months (2026-03-08 to 2026-09-08), GM Network launched its mainnet and introduced the GM token. It also joined the Chain Abstraction Alliance and partnered with security and infrastructure providers like GoPlus and Particle Network to enhance safety and interoperability. Additionally, it expanded its DePIN product line, including the GM Band wearable, and pushed forward its AIoT network vision. No major negative events were reported during this period, though the project remains early-stage and faces competition in the L2 and DePIN space.
GM Labs, founded in 2021 (formerly Hogwarts Labs), secured $6M funding in June 2023, marking its formal entry into Web3+AI infrastructure.
In February 2024, GM Network mainnet launched as the first consumer AIoT Layer 2, built on AltLayer and EigenDA with OP Stack, introducing gasless transactions and dual staking—a foundational milestone for DePIN-focused scaling.
GM Network activated its MACH AVS on EigenLayer, achieving fast-finality via restaking, which established a security model combining AltLayer's rollup expertise with EigenLayer's economic security.
The release of Yozoo Y-2, the first Web3-integrated AI+health wearable, demonstrated real-world device deployment, bridging physical hardware with on-chain data.
GM ID and GM AI launched as core ecosystem components, enabling passkey-based identity and personalized AI agents, laying groundwork for user-owned data and AI-driven interactions.
GM Labs, the developer of GM Network, has driven significant product evolution through its GMGN platform over the past six months. Key developments include the launch of the Agent Skills Market (May 2026), which provides AI agents with on-chain capabilities such as token analysis, wallet tracking, smart money following, and trade execution across Solana, BSC, Base, and Ethereum. This positions GMGN as an on-chain capability layer for AI agents.
In June 2026, GMGN released V3.0, introducing real-time multi-chain wallet tracking that aggregates buy signals from Smart Money wallets and KOLs, along with Exchange Listing Alerts (Binance Alpha, Upbit, Coinbase) and an Instagram Tracker for broader social signal monitoring. The platform also integrated MegaETH chain support.
Future roadmap focuses on expanding the AI agent ecosystem through natural-language-driven on-chain operations, broadening multi-chain coverage, and enhancing real-time data infrastructure for faster alpha capture. GM Labs aims to bridge AI and blockchain by enabling agents to autonomously discover, analyze, and trade assets, with continued investment in cross-chain tracking and social signal aggregation.
Chess: Co-founder of GM Labs and founder of GM Network. Entered crypto in 2018; former Head of Operations at Cobo and Partner at Horizen Ventures; previously worked at 360 and Inke Live in the internet industry, with IoT experience.
Crystal W: Chief Operating Officer at GM Labs. Former Product Lead at Cobo Wallet (V3.0–V5.0) and AToken; holds a Bachelor's degree in Accounting and Finance from University of Technology Sydney; experienced in blockchain products and digital wallets.