News > Intel Launches New Chip for Crypto Mining and Making NFTs

Intel Launches New Chip for Crypto Mining and Making NFTs

Intel Launches New Chip for Crypto Mining and Making NFTs Intel on Friday launched a new chip for blockchain applications such as Bitcoin mining and minting NFTs to cash in on the rising usage of cryptocurrencies.

The chip will ship later this year and the first customers include Block, the Jack Dorsey-led firm that recently changed its name from Square to highlight its growing focus on the blockchain. Blockchains serve as public ledgers that keep records of transactions on a network of computers and have grown in prominence in recent years.